Project 1 (3 points):

Explain a time when you decided to buy something immediately and then wished you had saved the money for future purchases.

Project 2 (3 points):

Go to: https://www.marottaonmoney.com/the-benefits-of-saving-and-investing-early/

1)How much did "Save and Invest Early" contribute to the portfolio?

2)How much did "Wait and Save" contribute to the portfolio?

3)What was the value of "Save and Invest Early"'s portfolio at the age of 67?

4)What was the value of "Wait and Save"'s portfolio at the age of 67?

5)What "power" caused the difference?

Project 3 (5 points):

Go to:http://www.moneycrashers.com/types-savings-emergency-retirement-personal/

1.According to the article, what are the three types of savings you should have right now?

2.According to the Pew Charitable Trust, what percentage of Americans have experienced a financial shock that left them struggling?

3.What is the recommended amount needed in Emergency savings?

4.In what types of accounts should the emergency fund be kept?What types of accounts should not be used?

5.According to the Consumer Federation of America, what percentage of non-retired people are saving enough to meet a desirable standard of living when retired?

6.When do they recommend starting to save for retirement?

7.If you start saving at age 25, according to CNBC how much will you need to save per month to have $1000 in monthly income during retirement?At 35? At 45?

8.What is one suggestion to help you live up to your savings commitments?

Project 4 (2 points):

Go to:http://www.bauerfinancial.com/btc_ratings.asp

Enter the bank you or your family uses (Please also provide me with the information).

If you use a credit union, click the button for Credit Unions.

What is the rating of the bank or credit union?

Does this give you cause for concern or more confidence in your bank? Why?

Project 5 (4 points):

Go to: https://www.investopedia.com/articles/investing/102216/understanding-401ks-and-all-their-benefits.asp

1)Explain what a 401(k) is.

2)Briefly describe the 5 benefits of a 401(k) given in the article (Don't just list them).

Project 7 (3 points):

Go to:http://www.rothira.com/traditional-ira-vs-roth-ira

1)Who can contribute to a Traditional IRA?

2)Who can contribute to a ROTH IRA?

3)What are the tax incentives of a Traditional IRA?

4)What are the tax incentives of a ROTH IRA?

5)Other than using funds for retirement, what other things can IRAs be used for without penalty?

6)What is the maximum you can contribute annually to an IRA?