Category: Retirement

Reading List for February 23-24

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Feb 22, 2019
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Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
  Financial Literacy “Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!! Budgeting The costs of being a woman: Why women end up with less money. (Beth Kobliner) Investing An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018 Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC) Paying for...

Interactive Monday: How Soon Can I Retire?

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Feb 18, 2019
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Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...

Reading List for February 16-17

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Feb 15, 2019
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Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Personal Finance Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ) For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven). More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.) Budgeting Some fun celebrity facts to bring home the...

Just One Resource - ROLEPLAY: Sign Up for a 401(k)

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Feb 11, 2019
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Just One Resource, Investing, Retirement
    In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.  [The Resource] ROLEPLAY: Sign Up for a 401(k) The Gist: Students play the role of a new college graduate who has to pick investments in their first ever 401(k)! The Best Parts: Students see how much money they have in their monthly budget to allocate towards...

Reading List for Feb 2-3

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Feb 01, 2019
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Economics, Investing, Taxes, Retirement, Budgeting
Economics A whopping 304,000 jobs were added in January, but December’s 312,000 was revised down to 222,000. Get all the details here: (NYT) Investing State Street basically invented the ETF, so why has its share of the ETF market steadily declined over time. (WSJ) December market performance was the worst since the Great Depression, but January was the best in 30 years!!! Talk about volatility! (CNBC) Budgeting Do your budgeting lessons include covering hospital bills? These stats...

What Would You Do With An Extra $5,000? Compounding Your Students' Interest In A Custodial Roth IRA

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Jan 15, 2019
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NGPF Fellows, Investing, Behavioral Finance, Retirement
The following blog post comes courtesy of NGPF Fellow, Brett Shifrin, of Gould Academy in Bethel, Maine. ----- Recently, a student captured the imagination of my class. It stemmed from a comparison of Money Market Deposit Account(MMDA) and Certificate of Deposits (CD).  It was suggested that one of these accounts could be very useful for graduation gifts this spring. One of my students, Phil, asked,  “Mr. Shifrin, what would you do if you unexpectedly received $5,000?”...

Reading List for December 8-9

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Dec 07, 2018
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Personal Finance, Retirement, Economics, Financial Scams
Personal Finance Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic) Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT) Financial scammers play on your emotions, among...

How Can I F.I.R.E. Up My Students About Retirement?

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Nov 26, 2018
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Retirement, Index Funds, Video Resource, Investing, Savings
Looking for ways to get your students thinking about retirement? Introduce them to the F.I.R.E. Movement! That is the Financial Independence Retire Early Movement. Why do I think this movement is important: It's a counter-narrative to our consumerist society by focusing on extreme savings. We read so many stories about maxed out credit cards, why not expose your students to tales of young people saving 60-70% of their income? It helps students understand the concept of passive income and...

Interactive Monday: How does life expectancy vary by neighborhood?

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Nov 11, 2018
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Research, Retirement, Behavioral Finance, Interactive
The Robert Wood Johnson Foundation has an interactive that allows a user to type in their home address (info not stored by the site) and find out their life expectancy. I typed in the address for my hometown in New Jersey where I lived the first 22 years of my life and here's what I found: Here's how I thought you might use this in your classroom: Have students type in their home address including zip code. How does the life expectancy of "My area" compare to the county, the state and the...

Reading List for November 3-4

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Nov 02, 2018
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Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
Financial Literacy A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well. The Visual Capitalist depicts the US problem with financial literacy in pictures. Economics/Cryptocurrency 250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...

Reading List for October 20-21

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Oct 19, 2018
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Paying for College, Investing, Economics, Retirement
Paying for College The majority of this week’s articles happen to be related to paying for college: the cost of college, student loan forgiveness, financial aid and how parents pay for college. I have also included a link to Beth Kobliner’s website and her series on paying for college, which you could recommend to parents. After reporting that the “sticker price” of college keeps rising, the WSJ explains that the REAL cost is not. A study by Sallie Mae finds that on...

FinCap Friday: Playing With F.I.R.E.

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Oct 11, 2018
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FinCap Fridays, Retirement, Investing, Index Funds
How can you possibly engage high schoolers in a conversation about retirement? They haven't even gotten their first real job yet so it's not exactly on their radar screen. By highlighting the F.I.R.E. movement (that's Financial Independence, Retire Early) and the extreme examples of retirees in their 30s, we hope that gets your students thinking "How'd they do that?" That should spur a great conversation about savings rates and the importance of investing while you are young. ...

Question of the Day: What percent of investors know the fees they are paying in their 401(k) investment account?

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Oct 03, 2018
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Question of the Day, Investing, Retirement, Research
Answer: 8% Questions: In your own words, what is a 401(k) plan?  Do you think it's important to understand the fees you are paying in an investment account? Why or why not? Given that a 401(k) account is the largest investment account for most Americans, why do you think so few understand what they are paying for it?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Visual Capitalist):  Here are the...

Chart of the Week Wednesday: How Many Years Until I Can Retire?

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Oct 03, 2018
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Chart of the Week, Math, Research, Retirement, Investing
From Simple Dollar Blog: We all struggle with how to make retirement interesting to high school students who tend to be short-term oriented. You can use this chart to ask the question "How soon can YOU get to financial independence?"  First, let me provide some orientation: X-axis tracks after-tax annual income Y-axis has annual spending Number inside the grid are years until financial independence For example, a recent college grad with after-tax pay of $35k ($35,000) who spends $20k...

Reading List for September 22-23

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Sep 21, 2018
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Economics, Personal Finance, Retirement
Ten-Year Anniversary of Lehman failure/Great Recession Coverage continued through the weekend on this event, so here are just a few more good articles on the subject.  A special section of Sunday’s New York Times was devoted to the ten-year anniversary of the financial crisis. Here is one of the articles on where the next recession may come from. Along those lines, economics wonks are looking around every corner for the trigger for the next crisis. Business Insider brings you Martin...