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Retirement

Retirement

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Here's how Retirement aligns with curriculum standards in Oklahoma. Use the filters to change the location, set of standards, and grade level.

Oklahoma Academic Standards for Personal Financial Literacy

PFL.5: The student will analyze the costs and benefits of saving and investing.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Retirement
PFL 5.1: Explain reasons for saving and investing (e.g., major purchases, education, and emergencies) as strategies used for meeting financial goals and building wealth over the short or long term.

PFL 5.2: Compare various strategies used to protect income and wealth.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Retirement
E: Explain and give examples of the power of compound interest over time, including why saving and investing at an earlier age leads to far greater financial outcomes later in life, on average.

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

PFL 6.1: Analyze the necessity of planning and saving for retirement.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Retirement
A: Identify costs of retirement such as living expenses, health care, and long-term care, based on life expectancy.
B: Explain how beginning to save or invest at different stages of life or over different periods of time significantly impact financial preparedness for retirement.

PFL 6.2: Evaluate various sources of income for retirement.

Standards
Defined by Personal Financial Literacy 7th-12th Grades and align with Retirement
A: Compare government and employer-sponsored retirement plans, such as Social Security and 401(k) accounts.
B: Identify various personal investments, such as IRAs, and describe how they can provide financial resources for retirement.
C: Explain that entrepreneurs and self-employed individuals may be responsible for generating their own retirement income, as opposed to government or employer-sponsored plans.