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TeachMeFinance.com - explain Individual retirement account (IRA) Individual retirement account (IRA) The term 'Individual retirement account (IRA)' as it applies to the area of basic math can be defined as 'an account that allows the holder to delay paying income tax and reduces the amount of taxes owed on the funds deposited'. Previous 5 Terms: indirect proof Indirect uses (end-use category) Indirect utility cost Individual plant examination (IPE) Individual plant examination for external events (IPEEE) Next 5 Terms: Induced pluripotent stem cell (iPSC) Induced radioactivity inductive reasoning Industrial Consumption Industrial crops About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.