This unit develops strategies for funding major life goals (vehicles, homes, college, retirement) while managing risk and tax consequences. Students will learn how to set prioritized savings plans, choose insurance and estate tools, and incorporate tax considerations into long‑range financial decisions, building on foundational budgeting and credit concepts and preparing for advanced investing and portfolio management.
Learning Objectives
- Analyze short- and long-term financial goals and create prioritized savings plans for major purchases (car, home, college) using time-value of money and budget allocation techniques
- Apply retirement planning methods by estimating retirement needs, comparing retirement account types, and projecting savings outcomes given contribution and growth assumptions
- Evaluate personal risk exposures and insurance solutions by comparing coverage options, costs, and benefit scenarios for property, life, disability, and long-term care insurance
- Demonstrate tax-aware planning and basic estate preparation by calculating tax implications of major financial choices and assembling core estate documents/beneficiary strategies to facilitate asset transfer
Curriculum
- 1 Section
- 11 Lessons
- 30 hours
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- Unit 3 — Goals, Protection, and Taxes11
- 1.1Setting Financial Goals20 mins
- 1.2Saving on a Car20 mins
- 1.3Saving for a Home20 mins
- 1.4Planning for College Costs20 mins
- 1.5Developing a Retirement Plan20 mins
- 1.6Protecting Your Castle (and Your Pokémon Collection)20 mins
- 1.7Assessing Your Need for Life Insurance20 mins
- 1.8Protecting Your Employment Income: Disability Insurance20 mins
- 1.9Understanding Long-Term Care20 mins
- 1.10Estate Planning: Passing the Torch to Future You20 mins
- 1.11Considering Taxes in Your Financial Planning20 mins
Instructor
Free
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