Standard 6 – Retirement Planning

Standard 6. The student will explain and evaluate the importance of planning for retirement.

  1. Describe the necessity of accumulating financial resources needed for specific retirement goals, activities, and lifestyles, based on life expectancy.
  2. Explain the roles of Social Security, employer retirement plans, and personal investments (e.g., annuities, IRAs, real estate, stocks, and bonds) as sources of retirement income.

Online Curriculum and Lesson Plans

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now

  • Module 6.1: Planning for Your Retirement
  • Module 2.3: Longevity and Retirement

Saving for Retirement |

Council for Economic Education Lessons

Financial Fitness for Life, Bringing Home the Gold, (9-12), Teacher Guide

  • Theme 3: Tomorrow’s Money: Getting to the End of the Rainbow
  • Lesson 8 – What Is the Cost of Spending and Saving?
  • Lesson 9 – There Is No Free Lunch in Investing
  • Lesson 10 – Investment Bingo

Math and Economics: Connections for Life

  • Lesson 11 – Cash or Annuity

Online Resources

Online Calculators

Extended Activities

  • The Stock Market Game | view now
  • Countdown to Retirement: Practical Money Skills : view now