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Real Stories

Planning for Retirement

Materials Needed: "Planning for Retirement"

The facilitator should begin this activity by asking the following questions:

  1. What is your personal definition of wealth? Do you define wealth by dollars or by possessions?
  2. How do you suppose people get wealthy?
  3. Have you thought about saving and planning for retirement?

Next, the facilitator should distribute a copy of "Planning for Retirement" to each participant.

The facilitator should divide participants into groups of three or four. Direct them to discuss and record their group's responses to the three questions. Allow adequate time for small groups to complete task.

Reassemble as a large group and share ideas.

The facilitator should conclude this activity with the following questions:

  1. How do taxes affect your choices of retirement investments?
  2. Why is the employer contribution an advantage of putting money into a 401k or 403b at some companies?
  3. What factors should you consider when choosing a financial planner or advisor to help you with your retirement planning?