# CTE Resource Center - Verso - Economics and Personal Finance Task 1346244617

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Describe investment options to pay for college costs.

Definition

Description should include 529 plans (i.e., prepaid tuition and college savings, direct-sold and broker-sold), a comparison of the types of 529 plans and their benefits, eligibility requirements, and the tax implications of each.

Other Related Standards

Economics and Personal Finance Standards of Learning

EPF.18

The student will demonstrate knowledge of investment and savings planning by
  1. comparing the impact of simple interest vs. compound interest on savings;
  2. comparing and contrasting investment and savings options;
  3. explaining costs and income sources for investments;
  4. examining the fundamental workings of Social Security and the system's effects on retirement planning;
  5. contrasting alternative retirement plans; and
  6. describing how the stock market works.

FBLA Competitive Events and Activities Areas

Banking and Financial Systems

 

Economics

 

Introduction to Business

 

Personal Finance