Module 7 Overview

Module 7 Overview

  Module Highlights

 Module Objectives

Upon completion of this module, you should be able to:

1. Describe the difference between gross pay versus net pay;  
2. Explain how taxes and benefits factor into your spending and saving plan;  
3. Describe different retirement investment accounts;  
4. Understand the importance of investing early for retirement;  
5. Describe the pros and cons of a social safety net;
6. Understand the role of Social Security in planning for retirement. 

 Activities & Assessment

• Read assigned chapters under each section.
• Watch assigned videos.
• Complete Exercise 7.1: Taxes and Cost of Living
• Complete Assessment 7.1: Do You Need to File a Tax Return?
• Complete Quiz 7.2: Retirement
• Complete Exercise 7.2: Analyze Retirement
• Complete Quiz 7.3: The Social Safety Net and Social Security
• Complete Assessment 7.3: What do you know about Social Security?

  Remember

This course is about your financial health. Throughout the semester, and in this module in particular, the assignments request that you share personal information about your financial behavior and/or situation. If at any time you are uncomfortable sharing, please connect with us to figure out an alternative.