2 Lifelong Career and Retirement Planning

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Career Planning

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At a Glance

SubjectCareer Planning

This resource provides a comprehensive framework for students to design their career and life roadmap from ages 20 to 80. It emphasizes creating a career timeline with anticipated job roles and corresponding salary expectations, while also aligning these with personal life goals and necessary financial planning. Students will assess non-negotiable life priorities, such as homeownership and travel, and estimate costs associated with these goals. The document includes guidance on budgeting across different career phases and illustrates the concept of compounding interest to highlight the importance of retirement savings. Additionally, it encourages students to reflect on the alignment between career choices and life priorities, while preparing them for potential challenges and necessary adjustments in their financial planning. The final components require students to synthesize their learnings and formulate immediate next steps to start their journey toward financial security and fulfilling life goals.