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

2. 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?

3. 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

4. SHORT WRITING ASSIGNMENT Consider our discussion today about aging and paying for retirement. Now consider the following video clip: https://www.youtube.com/watch?v=bhodvwfEckM 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.