Description

This financial literacy lesson will teach your students the foundations of investing and saving for retirement. They’ll learn the benefits of saving early, common types of retirement savings accounts, and more.

This easy-prep, two-to-three day lesson includes Google Slides, guided notes for students, seven scenario task activities, a recording sheet, and answer keys.

The Importance of Saving Early

High school students may view retirement as an uninteresting topic because they are so far from age 65, but this lesson will help them see that the decisions they make now can make it easier to meet their retirement goals later.

Common Types of Retirement Accounts

They’ll also learn about the common types of retirement accounts to take the mystery out of setting up retirement accounts when they get their first job.

Exploring the Effects of Compound Growth

Students will use an online compound growth calculator to explore the effects that consistent monthly savings and rates of return can have on their future retirement savings.

An Emphasis on Real-World Math Skills

Students will apply real-world math skills throughout the lesson to help them become more comfortable using these skills in their adult lives. They’ll explore monthly savings amounts, total investments and growth, rates of return, create graphs, and more.

Easy-Prep Scenario Tasks

Students will apply their knowledge of retirement to independently complete seven scenario tasks where they’ll make recommendations about how much a person should save per month to meet a specific goal, what retirement account a person should choose, compare total savings for individuals who start saving at different ages, explore the advantages of working for a company with a 401(k) match, and more.

Included topics and activities:

• The definition of retirement
• When to start saving
• A demonstration of how the age at which saving starts can impact total savings
• Common types of retirement accounts, including 401(k)s, 403(b)s, traditional IRAs, and Roth IRAs
• Other types of retirement income, including Social Security and pensions
• Who to ask when retirement advice is needed

*The Google Slides and guided notes in this lesson are not editable.*

The information provided in this resource does not, and is not intended to, constitute financial advice; instead, all information, content, and materials available are for general informational purposes only.  Information in this resource may not constitute the most up-to-date information.  This resource may contain information regarding third parties.  Such information is only for the convenience of the reader.  CKMath does not recommend or endorse any third party, and CKMath is not affiliated with, nor sponsored by, any third party.