individual retirement account; IRA
Refers to a tax-advantaged retirement savings account in the U.S. financial system. The term is a direct translation and is used in Japanese contexts discussing American retirement plans.
In the U.S., many people save for retirement through individual retirement accounts.
Contributions to an IRA may be tax-deductible under certain conditions.
A Japanese defined-contribution pension plan, similar in concept but specific to Japan's retirement system, whereas 個人退職口座 refers specifically to the U.S. IRA.
A direct translation of the English term 'individual retirement account,' composed of 個人 (individual), 退職 (retirement), and 口座 (account).