• Understand the fundamentals of Social Security benefits, including the eligibility criteria, benefit amounts, and strategies for claiming
• Assess the retirement benefits provided by their employer, such as 401(k) plans, pension plans, and other retirement savings options
• Differentiate between basic forms of investments, such as stocks, bonds, mutual funds, and real estate

Road to Retirement: Navigating the World of Retirement Planning with Talia

In this activity, we are going to dive into the complex world of retirement planning through the eyes of Talia, a mid-career professional. Your task is to guide Talia in her retirement savings plan, exploring diverse investment strategies and understanding how these could impact her future financial stability.

 

Talia has decided it is time to take her retirement planning seriously. To start off, she sits down to consider the different ways she can invest for retirement.

Now that we’ve established what does and does not count as a retirement investment, let’s consider a common retirement plan, the 401(k). Talia’s employer offers a 401(k) plan. Let’s explore the characteristics of her 401(k) plan.

Talia wants to make sure she takes full advantage of her companies 401(k) contribution matching program.