“ I'll tell you a big secret, my friend. Don't waitfor the last judgment. It takes place every day.”

Albert Camus (1913–1960) 
French writer
Nobel Prize winner

This is a different IRA :)
Term of the Day


Individual Retirement Account. A tax-deferred retirement account for anindividualthat permits individuals to set aside money each year, with earningstax-deferreduntil withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). Theexact amount depends on the year and your age. IRAs can be established at abankmutual fund, or brokerage. Only those who do not participate...
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Usage Example
Your contributions to your 401(k) or IRA are tax-deferred, so that you don't pay any income taxes on your contributions until the money is withdrawn (usually in retirement, when your tax bracket will probably be lower).
Term of the Day

aggregate demand

Total level of demand for desired goods and services (at any time by all groups within a national economy) that makes up the gross domestic product (GDP). Aggregate demand is the sum of consumption expenditure,investment expenditure,government expenditure, and net exports.
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Usage Example
The decline in credit availability reduces aggregate demand, which tends to increase unemployment, a classic unintended consequence of the policy.

“Yet still he fills affection's eye, Obscurely wise, and coarsely kind.”
Samuel Johnson
on Obscurity

Notable Quotable
"There are two times in a man's life when he should not speculate: when he can't afford it and when he can." 
-Mark Twain