Financial Planning
Starting in 2020, this feature will no longer be available to most non-spouse beneficiaries of IRA assets
"STRETCH" IRA
The most widely used interest rate in the world, LIBOR is this city's "Interbank Offered Rate"
LONDON
A measure of the approximate sensitivity of a fixed income security to a change in interest rates (i.e., a measure of interest rate risk)
DURATION
This athlete said “I play to have fun” after receiving a $30,000 fine for celebrating his touchdown against the Detroit Lions in 2009
CHAD OCHOCINCO
An unregulated statement of profit, EBITDA, stands for Earnings Before Interest, Tax, Depreciation and _____.
AMORTIZATION
The Social Security Adminsitration defines this amount as "the benefit a person would receive if he/she elects to begin receiving retirement benefits at his/her normal retirement age"
Along with the unemployment rate, this metric measures the percentage of Americans who are in the labor force, to provide a comprehensive assessment of the labor market
LABOR FORCE PARTICIPATION RATE
The term "Leveraged Recapitalization" is defined by using borrowed funds to do this
REPURCHASE STOCK
This golfer was the first ever to reach $1,000,000 in career earnings
ARNOLD PALMER
Retail store earnings metric often measures profitability by: dollar sales / ______
SQUARE FOOT
Common in both financial planning and portfolio management, this statistical tool is used to predict the probability of different outcomes when numerous random variables are present by running numerous random samples. Once the simulation is complete, the results are average together to provide an estimate.
MONTE CARLO SIMULATION
The idea that exchange rates move to equalize the purchasing power of different currencies
PURCHASING POWER PARITY (PPP)
Use this adjusted yield to compare municipal bond returns with those of taxable bonds
TAX-EQUIVALENT YIELD
Performance metric, "Daily Active Users" may appear on earnings reports of these types of companies
SOCIAL MEDIA/GAMING
Due to rising healthcare costs and an inevitably greater need for medical care later in life, this common inflation calculation may be insufficient in the retirement plan assumption
CONSUMER PRICE INDEX (CPI)
A seemingly contradictory economic condition described by slow economic growth and relatively high unemployment accompanied by rising prices
STAGFLATION
The discount rate at which the present value of an investment's outflows equal to the present value of the investment's inflows; in other words, the discount rate at which Net Present Value (NPV) equals zero
Internal Rate of Return (IRR)
In 1972, this coach lead the Miami Dolphins to the league’s only complete perfect season
DON SHULA
Performance of earlier-stage, growth-oriented companies with little to no earnings is often assesseed by this change in the top line item
REVENUE GROWTH
This rule allows company stock held within an employer-sponsored retirement plan to be distributed to the plan participant with only the cost basis taxed as income and the capital gains deferred until the shares are ultimately sold
NET UNREALIZED APPRECIATION (NUA) RULE
A paradox in which currency appreciation driven by strong export demand for resources makes other segments of the economy globally uncompetitive. Named after the discovery of vast oil reserves and resulting subsequent recession in the Netherlands
DUTCH DISEASE
This ratio measures risk-adjusted returns by dividing a stock's (or portfolio's) risk premium (expected return - risk-free rate) by its standard deviation of returns
SHARPE RATIO
Playing for four teams over his twenty-year career in the NHL, Wayne Gretzky, won all four of his Stanley Cups with this team.
EDMONTON OILERS
The primary sources of bank earnings include net interest income, service/fee income, and this more volatile income type
TRADING INCOME