Managing Life Events and Long‑Term Risk

This unit guides students through financial decision-making for major life events, long-term goals, and risk management. Students will learn to protect assets and identity, evaluate investments and insurance, and apply practical strategies for taxes, retirement, and unexpected financial situations.

Learning Objectives

• Analyze the financial impacts of major life events (marriage, children, divorce, caring for aging parents, retirement, receiving a windfall) and develop tailored plans to meet related goals and obligations
• Evaluate investment risk, diversification, fund selection and selling strategies, and construct a basic retirement/financial independence plan incorporating allocation and rebalancing principles
• Apply consumer protection, fraud prevention, and tax response strategies by implementing credit freezes/alerts, protecting mail and digital files, closing unnecessary accounts, and utilizing tax and audit resources
• Demonstrate assessment and decision-making skills for credit, insurance, and small-business choices by reviewing credit reports, assessing insurance coverage, and outlining steps to start or wind down a small business