Day 61

Lesson Objectives

• Analyze the components of an employer benefits package.
• Explain how compound interest works.

Assignment 8.3.1

1. Watch Video 3.1
2. Record the missing words from pages 176-179 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 176-179).
3. Discussion Questions:
   1. What is the purpose of an employer benefits package?
   2. What are the typical components of an employer benefits package?
   3. When you leave a job, how can you move the money you have saved in your employer’s retirement without paying taxes and penalties?
   4. When is it okay to borrow money from your retirement plan?

Assignment 8.3.2

1. Obtain your partner from your instructor.
2. Make a copy of this Google Document.  Rename it to Retirement Options-(Your Initials) and move it into your Chapter 8 folder.
3. Read the directions within the document to complete it.

Assignment 8.3.3

1. In your Personal Finance Journal-C8 file in your Chapter 8 folder, complete the next row in the table by answering the question listed.