This unit teaches students how to translate financial goals into savings plans, select appropriate insurance and risk-management strategies, and integrate estate and tax considerations into long-term financial planning. It builds on foundational budgeting and money-management skills and prepares students to implement investment and advanced planning strategies in the final unit.
Learning Objectives
- Analyze short-, medium-, and long-term financial goals using SMART criteria and prioritize savings targets (e.g., vehicle, home, college, retirement) to create an actionable timeline
- Apply time-value-of-money concepts and basic calculations (future value, present value, periodic contributions, and loan amortization) to compare savings options and determine required monthly contributions for major purchases and college and retirement funding
- Evaluate personal risk exposures and recommend appropriate protection strategies by comparing homeowners/renters, auto, life, disability, and long-term-care insurance options and estimating coverage needs and costs
- Demonstrate the ability to assemble a basic estate and tax-aware financial plan by selecting common estate-planning tools (wills, beneficiaries, powers of attorney) and assessing tax implications that affect long-term wealth transfer and retirement outcomes
Curriculum
- 1 Section
- 11 Lessons
- 30 hours
Expand all sectionsCollapse all sections
- Unit 3 — Planning for Major Goals & Protection11
- 1.1Setting Financial Goals20 mins
- 1.2Saving on a Car20 mins
- 1.3Saving for a Home20 mins
- 1.4Planning for College Costs20 mins
- 1.5Developing a Retirement Plan20 mins
- 1.6Protecting Your Castle (and Your Pokémon Collection)20 mins
- 1.7Assessing Your Need for Life Insurance20 mins
- 1.8Protecting Your Employment Income: Disability Insurance20 mins
- 1.9Understanding Long-Term Care20 mins
- 1.10Estate Planning: Passing the Torch to Future You20 mins
- 1.11Considering Taxes in Your Financial Planning20 mins
Instructor
Leave a Reply