IRAs are individual retirement accounts, or a trust or custodial account set up for the exclusive benefit of taxpayers or their beneficiaries. (capitalbankmd.com)
The term encompasses an individual retirement account — a trust or custodial account set up for the exclusive benefit of taxpayers or their beneficiaries and an individual retirement annuity, by which the taxpayers purchase an annuity contract or an endowment contract from a life insurance company. (savingsbonds.gov)
He said the group, which is supposed to be in place for three years, is charged with reforming NYRA «for the benefit of taxpayers, fans, track workers, jockeys, and the horses themselves.» (timesunion.com)