Lesson 8: The Importance of Investing for Retirement
Duration of Days: 1
Lesson Objective
Explain what retirement means through a financial lens
Investigate how investing can be a powerful tool to meet their retirement goals
Understand what Social Security is and why most Americans cannot rely on Social Security alone for retirement
Explore factors that can impact how much they might need in retirement and their ability to meet their retirement savings goal
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Earning Income
6c: Describe the benefits they receive, or may receive in the future, from government-collected tax revenue
10a: Identify different potential sources of retirement income
10b: Describe the importance of having multiple sources of income in retirement, such as Social Security, employer sponsored retirement plans, and personal investments
10d: Report the average benefit paid to a retiree living on Social Security today
Spending
1a: Identify their short-term and long-term financial goals
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NGPF Curriculum Crosswalk_Connecticut Standards for Personal Financial Management and Financial Literacy
https://docs.google.com/document/d/1mLCswzLA8iEiXA1QXO1TviXvxw51TYgsl8vsQh5m1EI/edit?tab=t.0