Collect, organize, and interpret data to determine an effective retirement savings plan to meet personal financial goals.
Example: Investigate historical rates of return for stocks, bonds, savings accounts, mutual funds, as well as the relative risks for each type of investment. Organize your results in a table showing the relative returns and risks of each type of investment over short and long terms, and use these data to determine a combination of investments suitable for building a retirement account sufficient to meet anticipated financial needs.
Subject Area: X-Mathematics (former standards - 2008)
Body of Knowledge: Financial Literacy
Idea: Level 2: Basic Application of Skills & Concepts
Date Adopted or Revised: 09/07
Date of Last Rating: 06/07
Status: State Board Approved - Archived