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IRA

Part of Speech

Abbreviation, Noun

Pronunciation

/ˈaɪ.ɑːr.eɪ/

Definitions

  • An abbreviation for Individual Retirement Account, a type of tax-advantaged savings account in the United States used for retirement savings.
  • The Irish Republican Army, a paramilitary organization that sought the end of British rule in Northern Ireland and the reunification of Ireland during the 20th century.
  • The Investment Retirement Account, a type of account used for investing and saving money for retirement, providing tax benefits in various countries.

Usage Examples

  • "She opened an IRA to save for her retirement." (Individual Retirement Account)
  • "The IRA was involved in the conflict in Northern Ireland for several decades." (Irish Republican Army)
  • "They decided to invest in an IRA to secure their future financial goals." (Investment Retirement Account)

Etymology

The abbreviation "IRA" originally stood for "Individual Retirement Account," first introduced in the United States with the Employee Retirement Income Security Act of 1974. In the context of Irish history, "IRA" refers to the Irish Republican Army, a group that became prominent in the early 20th century, stemming from the desire for Irish independence.

Synonyms

  • Roth IRA (specific type of Individual Retirement Account)
  • Traditional IRA (specific type of Individual Retirement Account)
  • IRA Group (referring to the Irish Republican Army organization)

Antonyms

  • 401(k) (another type of retirement savings plan in the United States)
  • British Loyalist (in the context of Irish history, the opposite of IRA's nationalist views)

Translations

Language Translation Pronunciation
Spanish Cuenta Individual de Jubilación (IRA) /kwenˈta in.di.vi.duˈal de xu.bi.laˈθjon/
French Compte de Retraite Individuel (IRA) /kɔ̃t də ʁə.tʁɛt ɛ̃.di.vi.dɥɛl/
German Individuelles Rentenkonto (IRA) /ɪn.di.vi.duˈɛl.ləs ˈʁɛntn̩ˌkɔnto/
Italian Conto Pensionistico Individuale (IRA) /ˈkɔnto pen.sjo.nisˈti.ko in.di.vi.duˈa.le/
Portuguese Conta de Aposentadoria Individual (IRA) /ˈkõtɐ dʒi a.po.zen.ta.doˈɾiɐ ã.dʒi.vi.duˈa.l/
Chinese (Simplified) 个人退休账户 (IRA) /gè rén tuì xiū zhàng hù/
Japanese 個人退職口座 (IRA) /kojin taishoku kōza/
Korean 개인 퇴직 계좌 (IRA) /gaein toejik gyeja/
Hindi व्यक्तिगत सेवानिवृत्ति खाता (IRA) /vyaktigat sevānivṛtti khātā/
Bengali ব্যক্তিগত অবসর অ্যাকাউন্ট (IRA) /bjoktigôt obôsôr ækawnt/

Regional Pronunciation Variations

  • In American English: /ˈaɪ.ɑːr.eɪ/
  • In British English: /ˈaɪ.ɑːr.eɪ/
  • In Irish English: /ˈaɪ.ɑːr.eɪ/ (in the context of the Irish Republican Army)

Historical Usage

The term "IRA" for Individual Retirement Accounts was first introduced in the United States with the passage of the Employee Retirement Income Security Act (ERISA) of 1974. In Irish history, "IRA" refers to the Irish Republican Army, which played a significant role in the political and military struggles for Irish independence, particularly in the 20th century.

Cultural Nuances

In the United States, "IRA" is a widely recognized term, crucial for individual retirement planning. In Ireland and Northern Ireland, "IRA" carries significant historical and political weight, often evoking strong reactions based on one's political beliefs and views regarding the Irish independence movement.

More Information

The IRA is not only a financial tool but also carries significant historical and political meaning. The acronym IRA plays a dual role: as a financial instrument for retirement savings and as a politically charged term relating to the Irish Republican Army. Depending on the context, the term can imply entirely different concepts, making it an important term in both financial and political discussions.

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