Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is individual retirement account - definition
IRA
Individual Retirement Arrangement; Individual retirement accounts; Individual Retirement Arrangements; Individual retirement arrangement; Individual Retirement Account; Retirement portfolio; Individual retirement contribution; Inherited ira; Rollover IRA; Conduit IRA
retirement
POINT WHERE A PERSON CHOOSES TO PERMANENTLY LEAVE THE WORKFORCE
Retired; Retire; Stepping Down; Early retirement; Retiring; Retirement calculator; Retirement account; Nivrut; Semi-retired; Rtrd.; Retirement migration
(retirements)
Frequency: The word is one of the 3000 most common words in English.
1.
Retirement is the time when a worker retires.
...the proportion of the population who are over retirement age...
N-VAR: oft N n
2.
A person's retirement is the period in their life after they have retired.
...financial support for the elderly during retirement.
N-UNCOUNT
Retire
POINT WHERE A PERSON CHOOSES TO PERMANENTLY LEAVE THE WORKFORCE
Retired; Retire; Stepping Down; Early retirement; Retiring; Retirement calculator; Retirement account; Nivrut; Semi-retired; Rtrd.; Retirement migration
·vi To go to bed; as, he usually retires early.
II. Retire ·vt To Withdraw; to take away;
- sometimes used reflexively.
III. Retire ·noun The act of retiring, or the state of being retired; also, a place to which one retires.
IV. Retire ·noun A call sounded on a bugle, announcing to skirmishers that they are to retire, or fall back.
V. Retire ·vi To retreat from action or danger; to withdraw for safety or pleasure; as, to retire from battle.
VI. Retire ·vi To withdraw from a public station, or from business; as, having made a large fortune, he retired.
VII. Retire ·vi To Recede; to fall or bend back; as, the shore of the sea retires in bays and gulfs.
VIII. Retire ·vt To withdraw from circulation, or from the market; to take up and pay; as, to retire bonds; to retire a note.
IX. Retire ·vt To cause to retire; specifically, to designate as no longer qualified for active service; to place on the retired list; as, to retire a military or naval officer.
X. Retire ·vi To go back or return; to draw back or away; to keep aloof; to withdraw or retreat, as from observation; to go into privacy; as, to retire to his home; to retire from the world, or from notice.
retired
POINT WHERE A PERSON CHOOSES TO PERMANENTLY LEAVE THE WORKFORCE
Retired; Retire; Stepping Down; Early retirement; Retiring; Retirement calculator; Retirement account; Nivrut; Semi-retired; Rtrd.; Retirement migration
a.
1.
Withdrawn, removed, abstracted.
2.
Secret, private.
3.
Secluded, apart, sequestered, solitary.
Wikipedia
Individual retirement account
An individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age. An individual retirement account is a type of individual retirement arrangement as described in IRS Publication 590, Individual Retirement Arrangements (IRAs). Other arrangements include employer-established benefit trusts and individual retirement annuities, by which a taxpayer purchases an annuity contract or an endowment contract from a life insurance company.
Examples of use of individual retirement account
1. Less than 40 percent of Americans have an individual retirement account or 401(k) plan.
2. If your employer doesn‘t offer a 401(k), open an individual retirement account (IRA) at your bank or with a mutual–fund company.
3. When I was offered a job in another city at a higher rate of pay, which included a pension and an opportunity to invest a percentage of my earnings in an individual retirement account, I gratefully accepted.
4. Permission to reprint/republish The new retirement plan is called the Roth 401(k). Like the similarly named Roth IRA, one form of individual retirement account, it does not let you put pretax income into an account.
5. In addition to income from investments, pensions and wages, seniors will find that big but unusual windfalls –– from house sales, for instance, or from taking cash from an individual retirement account –– will also be included in government calculations.