Ira

name

Etymology: From the Russian, Belarusian, Ukrainian and Czech diminutive of the cognates of Irene.

1. A female given name from the Slavic languages.

noun

1. Initialism of individual retirement account.

   “Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion. But you wouldn't just owe tax on the funds you're converting; you'd also have to take the pretax contributions and gains in all your non-Roth IRAs into account.”

   “These were the liquefiable assets at hand: a drawerful of family jewelry, a 401(k), an IRA, and a one-bedroom condo purchased with inheritance money after her parents' passing.”