This unit deepens learners’ ability to manage liabilities and safeguard assets by covering debt reduction and credit repair strategies, insurance selection and coverage needs, retirement- and education-savings vehicles, and essential tax and recordkeeping practices. It builds on foundational budgeting and saving skills and prepares students to evaluate investment choices and advanced financial planning topics in subsequent units.
Learning Objectives
- Analyze personal debt and credit reports to evaluate and recommend appropriate debt-reduction strategies, including consolidation, repayment prioritization, and the potential role and consequences of bankruptcy
- Apply insurance principles to compare homeowner, personal liability, and personal-injury coverages, calculate required coverage amounts and deductibles, and select policies that align with individual risk profiles
- Demonstrate setup and management of retirement and savings accounts by comparing IRAs, 401(k)s, 529 plans, bonds, mutual funds, and brokerage types, and by calculating contribution impacts and vesting outcomes
- Evaluate tax filing choices, recordkeeping practices, and identity-protection measures by using IRS resources, selecting optimal filing status, creating organized documentation systems, and developing recovery plans for identity theft or credit setbacks
Curriculum
- 1 Section
- 50 Lessons
- 30 hours
Expand all sectionsCollapse all sections
- Unit 2 — Debt, Protection, and Retirement50
- 1.1Debunking Bankruptcy Myths20 mins
- 1.2Lowering Your Debt20 mins
- 1.3Buying Bonds for Fixed Income20 mins
- 1.4Getting Your Hands on Your Money20 mins
- 1.5Exploring Section 529 Plans20 mins
- 1.6Separating the Types of Brokerages20 mins
- 1.7Catching Identity Thieves in the Act20 mins
- 1.8Accounting for Your Accounts20 mins
- 1.9Choosing the Right Homeowner’s Property Coverages20 mins
- 1.10Insuring Your Personal Injuries20 mins
- 1.11Determining How Much Coverage You Need20 mins
- 1.12Taking Advantage of IRS Publications20 mins
- 1.13Keeping Good Records20 mins
- 1.14Choosing a Filing Status20 mins
- 1.15Vesting: When Your Employer’s Contribution Is Yours to Keep20 mins
- 1.16Setting Up Your IRA20 mins
- 1.17Shopping for a Reverse Mortgage20 mins
- 1.18Deciding How Much of Your Salary to Put Aside20 mins
- 1.19Decisions, Decisions: What to Do with Your 401(k) Money20 mins
- 1.20Why You Need to Plan Your Estate20 mins
- 1.21Knowing the Different Types of Wills20 mins
- 1.22Identifying Statutes That Your Will Can Change20 mins
- 1.23Getting the Basics of Trusts20 mins
- 1.24Checking Out Your Credit Reports20 mins
- 1.25Handling Setbacks20 mins
- 1.26Paying the Important Stuff If You Can’t Pay Everything20 mins
- 1.27Using the Law to Get Your Credit Record Clean and Keep It That Way20 mins
- 1.28Cutting Back on Electricity and Gas Use20 mins
- 1.29Adjustable-Rate Mortgages (ARMs)20 mins
- 1.30Knowing Where to Turn for Help20 mins
- 1.31Deciding Between Individual and Group20 mins
- 1.32Finding Online Resources to Track Your Income and Expenses20 mins
- 1.33Taking the Right Steps When You Have Too Much Debt20 mins
- 1.34Overcoming Credit Fears and Mistakes20 mins
- 1.35Avoiding Dangerous Debt-Consolidation Possibilities20 mins
- 1.36Making the Agreement Official: Putting It in Writing20 mins
- 1.37Understanding What You Can Gain Through Bankruptcy20 mins
- 1.38Trimming Other Costs20 mins
- 1.39Mutual Funds: The Power of Many20 mins
- 1.40Developing Your Retirement Savings Plan20 mins
- 1.41Checking Out Coverdell Accounts20 mins
- 1.42Avoiding Hidden Fees20 mins
- 1.43Taking Fast Action When Identity Theft Occurs20 mins
- 1.44Choosing an Online Bank That’s Right for You20 mins
- 1.45Establishing Property Coverage Limits20 mins
- 1.46Dealing with Damage to Your Vehicle20 mins
- 1.47Speaking the Language20 mins
- 1.48Perusing Tax-Preparation and Advice Guides20 mins
- 1.49Reconstructing Missing Tax Records20 mins
- 1.50Filing for Children and Other Dependents20 mins
Instructor
Free
Leave a Reply