Students are given a person’s financial scenario and must help that person determine how much money they need to save in order to meet their retirement goals. They are asked to put a certain percentage of their gross monthly income into a 401(k). Then, students will use string to graphically measure the estimated returns that can accrue with Roth IRAs when people begin saving at a young age compared to beginning to save at an older age.
This activity is a simulation in my book, "You're Gonna Need a Bigger Wallet." The entire book's .pdf can be purchased at a discount from my TPT store at the following link: https://www.teacherspayteachers.com/Product/Book-About-Hands-On-Financial-Literacy-Simulations-for-Teens-Young-Adults-3047053
Instructors will receive the following:
1. Teacher instructions
2. Student instructions
3. Individual financial portfolio and questions
4. Student instructions
5. Saving at an early age graph
6. Graph answer key
7. Student reflection
8. Student reflection answer key
This product is licensed for use in one classroom. For additional discounted licenses if the product will be used in more than one classroom, please click on "Buy Multiple Licenses." Thank you for your interest in my store!