SS.912.FL.4.9

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Describe government policies that create incentives and disincentives for people to save.

Clarifications

Clarification 1: Instruction includes understanding how traditional IRAs (individual retirement accounts), Roth IRAs, and educational savings accounts provide incentives for people to save.

Clarification 2: Instruction includes understanding the difference when taxes are paid with a traditional IRA versus a Roth IRA.

Clarification 3: Instruction includes understanding how taxes on interest reduce the incentive for people to save.

General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Identify and compare the different means and risks of saving and investing money, including the impact of inflation and interest rates.
Date Adopted or Revised: 05/24
Status: State Board Approved

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