RETIREMENT INVESTMENT AND SAVINGS Economics with Mr. Sanabria 1.Lets talk retirement 2.What if you start now? 3.Writing Assignment.

Slides:

Advertisements

Similar presentations

Office of Communications create your futurewww.utdallas.edu DEPARTMENT OF MATHEMATICS create your futurewww.utdallas.edu.

Advertisements

Increase the Bottom Line by Helping Distressed Employees During Challenging Financial Times Presented by E. Thomas Garman to SHRM Webcast August 6, 2008.

Textbook: Chapter 9. 1.Do you think saving is important? 2.What problems might you face if future if you do not save? 3.What are some things you should.

MANAGING MONEY INVESTMENTS & RETIREMENT SENIOR ADVISORY March, 2014.

© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Compound Interest. Does anyone have any interest in interest? Very few banks today pay interest based on the simple interest formula. Instead, they pay.

Simple Interest and Compound Interest

Difference between a Traditional and Roth IRA Traditional IRA Taxed-deferred Taxed-deferred subject to tax at time withdrawal subject to tax at time withdrawal.

Money Management and Financial Planning

Today’s Targets Evaluate the effect time has on saved money.

 What vehicle will get you to your retirement goals?

Banking. What does the banker do? Banking Financial Institution permitted to – hold savings deposits – offer loans and mortgages – issue credit rating.

Chapter  Savings are money people put aside for future use. Generally people use their savings for major purchases, emergencies, and retirement.

Simple and Compound Interest

Retirement Planning Test Review. True/False To keep from running low on money during retirement, you should first find a job to increase your income.

The Personal Life Cycle, Needs& Wants

Securing Your Financial Future SOURCE: Employee Benefit Research Institute Amount American Workers Have Saved for Retirement (65% are confident they.

 The earlier you begin to plan and save for retirement, the better financially prepared you will be.

401(K) PLANS. Essential Questions Why Do We Need to Save for Retirement? What are the best options for Retirement Savings? How should I go about choosing.

“Don’t put all your eggs in one basket.” Diversify!

ABC Company 401(k) Retirement Planning Meeting | June 28, 2011.

Do Now 1)What does it mean to "invest"? 2) Why do you think it is best to start saving at a young age?

Retirement Planning Chapter 17. Facts of Retirement Planning It is the responsibility of individuals to prepare his or her retirement. It is the time.

Pension Plan By: Jennifer Kimball. What is a Pension?! A Pension is a plan that sends you money after you are retired or aren't working anymore. Pensions.

 A mutual fund is a business that pools money from many people to invest in various ways.  A mutual fund’s investors, in effect, own a portion of the.

Learning Target: IWBAT describe the risk and return of various investment vehicles and the importance of diversification.

Planning a Second Career or Retire in Style? By Joe Milchling.

Pay and Taxes INVESTIGATE WHAT IMPACTS YOUR PAYCHECK AND PERSONAL TAXES ©2012 National Endowment for Financial Education | Lesson 3-3: Pay and Taxes 1.

Economics 173A The Time Value of Money Part 3. #1 - Is this a Good Investment? If I invest $100 today and expect $ 150 in 10 years, is this better than.

Retirement Accounts. Save $20,000 for 47 years with 8% interest Worth $744,640 10% interest, Worth $1,763,949 Every Million saved = $50,000 in retirement.

Chapter 11.1 notes. Saving Saving = not spending $ Investment – use of income today for a future benefit.

CHAPTER ONE PERSONAL FINANCIAL PLANNING. Chapter 1 Objectives… How to create a financial plan How to develop your personal financial goals The opportunity.

{ Chapter 36 Retirement and Wills Ch Retirement Income.

Kelly May Kentucky Department of Financial Institutions.

The Financial Needs of the Elderly Today we will learn: 6 different sources of retirement income that the elderly have. 6 different sources of retirement.

Financial Planning for Retirement. Why Retirement Plan? For Financial security when you do not work Saving is necessary to accumulate the capital needed.

Securities Comp. $50,000 in production…. District- $875 Regional- $1,050 plus $190/ qtr residual RVP-$1,550 plus $285/ qtr residual If you had 100 clients.

MARK YOUR CALENDARS!! TUESDAY APRIL, 28 TH ECON FIELDTRIP!! ($9) Chicago Board Options Exchange (CBOE) Meet some traders Tour the trading floor and watch.

Retirement Options. 10/19/2015Template copyright Retirement Pension plans –Company plans that provide retirement income for.

Chapter 11 Section 1 By: Maddie Borgman. Investing Definition: The act of redirecting resources from being consumed today so that they may create benefits.

PERSONAL INVESTMENTS HELPING YOUR CLIENTS REACH THEIR GOALS.

AIM Why is it important to invest for retirement? DO NOW What are different sources of income we can use for living expenses after retirement? INVESTING.

What Can Federal Policy and Individuals Do To Improve Current Retirement System By: Jose Arauz.

Big Tax Savings with Retirement Plans Presented by: Eric Petersen Hicks Pension Services.

 Each of these statements will be shown for a minute and a half.  For each of these statements, decide whether you...  Agree  Disagree. or  Are undecided.

How Does $ grow over Time Mr. Coronado Consumer Ed/C.A.H.

Goal Setting The number of Team Members per month is a more important goal than a dollar goal.

Graph Exponential Growth Functions Lesson 7.1 Algebra II Strauss.

Chapter Ways to Save  Open a savings account  Bank  Credit union  Savings accounts earn interest  Interest is the money that banks pay depositors.

Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.

Simple Interest Formula I = PRT. I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest Rate.

Saving for Retirement Personal Finance Chapter 15.2.

Plan for Your Retirement. What Does the Bible Say About Retirement? Numbers 8:23-26 – The LORD said to Moses, "This applies to the Levites: Men twenty-five.

Savings Plans and Goals.  What are you saving for?  How do you save?

3.7 Money Market and CD Accounts

Simple Interest Formula I = PRT. I = PRT I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest.

Pay Yourself First Financial Capability. Pay Yourself First Income – any money you receive Expenses – what you spend money on Spending plan – a plan for.

Section 5.7 Financial Models. A credit union pays interest of 4% per annum compounded quarterly on a certain savings plan. If $2000 is deposited.

Budgets and Businesses Workshop. Budget: is a plan that shows income, spending and saving. Income: Spending: Saving:

CHAPTER 6 NOTES. Statement savings account: savings account where the depositor receives a monthly statement showing all transactions. Money market deposit.

Chapter 15 Economics of Aging (c) 2005 The McGraw-Hill Companies, Inc. All rights reserved.

TVM Review. What would your future value be if you invested $8,000 at 3% interest compounded quarterly for 15 years?

Retirement How much will I need?. Introduction How much money will you need at retirement? –Consider: Current Income Rate of Return Inflation Taxes What.

RETIREMENT READINESS WILL YOU OUTLIVE YOUR RETIREMENT INCOME? IS THE STOCK MARKET RIGGED?

Date: Tuesday March 25 th 2014 Aim: How can you prepare for your retirement? Do Now: Why is it important to invest in a retirement fund? When should you.

Do Now: Goals 0 Write down one goal you have – it can be anything! (To graduate college, to make your own album, to increase your stuffed animal collection,

7.5 Compound Interest and Present Value Mr. Peltier.

Lesson 1: Reading a Pay Stub. Objectives: Identify sections of a pay stub Determine how to calculate net pay Recognize various paycheck deductions.

Retirement Savings and Borrowing Money

Presentation transcript:

RETIREMENT INVESTMENT AND SAVINGS Economics with Mr. Sanabria 1.Lets talk retirement 2.What if you start now? 3.Writing Assignment

WHAT ARE THE ECONOMICS OF GETTING OLD? Consider how much money it costs to age. Consider how much money it costs to age. Where does that money come from? Where does that money come from? What if you don’t prepare? What if you don’t prepare?

THE 3 PRONGED APPROACH Company Retirement Plans Company Retirement Plans Market Based Market Based Pension Pension Gov. or Private Gov. or Private Social Security… Social Security… Pay as you go plan Pay as you go plan The amount you will get depends on how much you earned while working. The amount you will get depends on how much you earned while working. SS has issues… to say the least SS has issues… to say the least Savings Savings Can include simple savings accounts or investments NOT sponsored by an employer Can include simple savings accounts or investments NOT sponsored by an employer

SHORT WRITING ASSIGNMENT Consider our discussion today about aging and paying for retirement. Now consider the following video clip: Now, using completew sentances, respond to the following questions. -Why do you think American’s fail to prepare for retirement? -Do you think that this is as big a problem as the video suggests? Why/why not? Answer should be between ½ to 1 page.