Identification should include

• defining saving and investing
• discussing the risk-to-reward relationship, diversification, and Rule of 72
• investigating and comparing savings and investment options, including
  • after-tax and tax-advantaged personal savings vehicles, for example
    • 401(k) plans
    • 403(b) or tax-sheltered annuity (TSA) plans
    • individual retirement account (IRA)
  • stocks
  • bonds
  • real estate
  • mutual funds
  • retirement accounts
  • savings accounts
  • collectibles and/or valuables
  • money market accounts
  • prepaid tuition plans
• investigating the purpose of estate planning
• evaluating the use of retail investing apps (e.g., Robin Hood).

Teacher Resources:

• Empowering Futures, One Dollar at a Time, Virginia Council on Economic Education
• Teen Teach-In, Virginia Events Jump$tart! Financial Smarts for Students
• Invest in What's Next: Your Career and Education Pathways, Federal Reserve Education
• EconEdLink
• Next Gen Personal Finance
• Financial and budget reports, IRS
• Financial Fitness, FCCLA

Process/Skill Questions:

Thinking

• What is the difference between saving and investing?
• When is the right time to begin saving? Investing?

Communication

• What is a better way to increase one’s wealth: to save more or to get a better return on investment?

Leadership

• How much more would a traditional IRA earn than a basic savings plan?

Management

• What determines the value of a stock?
• What options are available to individuals who wish to invest in stocks?