answersLogoWhite

0

What is an individual IRA?

User Avatar

Anonymous

13y ago
Updated: 8/20/2019

IRA = individual retirement account. You put in money every month for 20-40 years, watch it grow due to interest, and hope to have a significant amount of money so you can retire comfortably.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is an IRA considered a retirement plan?

Yes, and IRA is considered a retirement plan. IRA stands for Individual Retirement Account (or Individual Retirement Arrangement).


What is IRA stands for?

IRA stands for Individual Retirement Arrangement. It also can mean Individual Retirement Account.


What does r in IRA stand for?

The R stands for Retirement. IRA means Individual Retirement Account (or Individual Retirement Arrangement).


You survived the IRA...again is a T shirt that I have. What is the IRA?

Individual Retirement Account


Can you tell you what roth IRA means?

The Roth IRA was created by Senator William Roth out of Delaware. What IRA stands for is Individual Retirement Agreement. I have also seen it as Individual Retirement Account.


Is an IRA a qualified plan?

An IRA is an Individual Retirement Account. It is not a qualified plan, because it is established by an individual rather than a business.


What is an omnibus IRA account?

An IRA retirement account is an individual retirement account for citizens in America. It provides tax advantages to the individual saving into the plan.


What does the acronym IRA stand for in IRA funds?

There are some different ideas on the acronym IRA stands for in IRA funds. However, most of people agree with the idea that IRA stands for Individual Retirement Account.


What is the definition of an IRA Rollover?

The definition of an IRA Rollover is when an individual can take some or all of there assets from one IRA acount and Reinvest in another IRA within 60 days.


What does the term 'IRA mutual funds' mean?

IRA mutual funds are those that are suitable for an IRA. An IRA is otherwise known as an 'Individual Retirement Account'. It is an account designed for retirees in the US.


What does IRA stand for in banking?

Individual Retirement Account.


What is IRA?

An IRA is an INDIVIDUAL RETIREMENT ACCOUNT. An IRA is a personal savings plan that provides income tax advantages to individuals saving money for retirement purposes.