Students learn about saving for retirement.
Teaching Objectives:
- Identify and evaluate different retirement options.
- Explain the different types of risk associated with long-term planning.
- Apply the different types of risk to the various investment products, such as stocks, bonds, mutual funds, etc.
Standard 6: The student will explain and evaluate the importance of planning for retirement.
Suggested Grade Level
6th – 12th Grade
Lesson Excerpt:
Many people spend much of their career looking forward to retirement. Even though the idea of retirement means many different things, most people would agree that financial security is an important part of their future goals. People save for retirement in many different ways. Some of the most common include Social Security, company retirement plans such as 401(k) plans, and annuities. Like anything else, each retirement savings plan has both benefits and risks. The biggest risk, however, is failing to plan.
