Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial

Atlantic Financial

Investment Word

Individual Retirement Account (IRA)

Add to GoogleAtlantic Financial Investment Word RSS Feed

An Individual Retirement Account (IRA) is individual account set up with a financial institution, such as a bank or a mutual fund company. Under Federal law, individuals may set aside personal savings up to a certain amount, and the investments grow, tax deferred. In addition, defined contribution plan participants can transfer money from an employer retirement plan to an IRA when leaving an employer.

Need more information on an IRA Rollover or Keogh Plan?

Individual Retirement Account (IRA) - definition

Back to the top of the page for Individual Retirement Account (IRA)