Stands for individual retirement account. The money you put in is tax-deductible now, but you will have to pay income tax on it when you make a withdrawal. Unlike a 401(k), which is offered through your employer, an IRA is yours—and will always be yours— wherever you go. [See also: 401(k)]
« Back to Glossary Index
A simple 12-step plan to leap over the wealth gap once and for all.
