Introduction
Million-Dollar Question: Can You Have $1,000,000 in your savings account by age 65?
Task
Use the provided online resources to explore and compare various investment opportunities. You'll then decide how you'd like to invest your money and explain why.
You will next use an online simulator to determine if you can have One-Million dollars in your account by the time you are 65 years old.
Finally, you will make a PPT explaining your findings, written like you are showing someone who does not know anything about investing and retirement.
Process
1. Research the 5 different types of investment opportunities listed below. Use the web links to help you do your research.
Mutual Fund
- taxes
Roth IRA
- taxes
Traditional IRA
- contribution limits and taxes
401K
Stock Market
- basics
2. Complete a compare and contrast sheet for the 5 types listed. Include information about a minimum distribution, taxes, fees, etc. Click here for a template.
3. Determine which types of investments you would open if you had $1,000.00 available today. Include reasons why and cited sources for your choices.
4. Can you have $1,000,000 by age 65? Explain what needs to happen and how you might be able to do this. Click here for the worksheet.
5. Create a PPT with at least 8 slides.
Slide 1: Introduction
Slide 2 - Slide 6: Information about the 5 investment types
Slide 7: Explain how you will invest the $1,000.00. Split this into proportions. ($500 into 401K, etc.)
Slide 8: Can you have One-Million dollars by age 65? Explain with words and numbers.
Slide 9: Works cited
Evaluation
4
- The PowerPoint presentation is neat and easy to read.
- Includes well-designed graphics that enhance understanding.
- All required slides are present and well organized.
- Information about taxes, fees, minimum distribution, and expected returns are included and correct
3
- The PowerPoint presentation is mostly neat and easy to read.
- Includes graphics, but they may lack some detail or clarity.
- Most required slides are present, with minor elements missing or disorganized.
- Information about taxes, fees, minimum distribution, and expected returns are mostly included, with minor details missing.
2
- The PowerPoint presentation is somewhat neat but may be difficult to read in places.
- Includes some graphics, but they are unclear or poorly designed.
- Some required slides are missing or disorganized.
- Information about taxes, fees, minimum distribution, and expected returns are partially included, with significant details missing.
1
- The PowerPoint presentation is messy and difficult to read.
- Few or no graphics are included, or they are ineffective.
- Many required slides are missing or poorly organized.
- Information about taxes, fees, minimum distribution, and expected returns are largely missing or incomplete.
Conclusion
Students will share their favorite part of this assignment and their least favorite part of this assignment with the teacher. They will answer the following questions:
What would you do differently if you started the research today?
Are you happy with your presentation?
If you could have worked with a partner, would you have enjoyed that?
Who are you going to share this information with?
Credits
Investopedia - A website with lots of information about investing.
The Motley Fool - A website with lots of information about investing.
Investing Simulator - A simulator to see how much money you can have saved based on different assumptions.
Charles Schwab - Go to: Accounts and Products for information about investing.
Bank Rate - A website with lots of information about investing, including simulation calculators.
Two Cents - PBS Show for all things investing. Look through 8 seasons for lots of information about investing. These clips are short, get to the point using humor and catchy graphics.