individual retirement account

English - Turkish

Definition of individual retirement account in English Turkish dictionary

bireysel emeklilik hesabı

Related Terms

individual account

(Ticaret) münferit hesap

English - English

Definition of individual retirement account in English English dictionary

An investment account in which a person can set aside income up to a specified amount each year and usually deduct the contributions from taxable income, with the contributions and interest being tax-deferred until retirement

a self-funded retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred

An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States

tax-deferred trust fund into which individual employees can deposit part of their salaries for withdrawal after retirement, IRA

ira

Hyphenation

in·di·vi·du·al re·tire·ment ac·count

Turkish pronunciation

îndıvîcıwıl ritayırmınt ıkaunt

Synonyms

keogh plan, retirement plan, roth ira, self-funded retirement plan, tax-free savings account

Pronunciation

/ˌəndəˈvəʤəwəl rēˈtīərmənt əˈkount/ /ˌɪndəˈvɪʤəwəl riːˈtaɪɜrmənt əˈkaʊnt/