<term sku="core" tNum="287023" author="sallyh"><title><![CDATA[IRA]]></title><definition>Individual Retirement Account. A tax-deferred retirement plan to which most individuals with employment or alimony income can contribute up to $3,000 per year. Contributions may or may not be deductible from your gross income, depending on the type of IRA and your tax situation.</definition></term>