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PERSONAL FINANCE

Fri., Sept. 12, 2008

Retirement planning can be daunting. But you don’t have to look further than the local bookstore or an online bookseller to find useful guides to retirement planning.

A bevy of books provide insights into retirement planning. A sampling:

•“The Everything Retirement Planning Book” by Judith B. Harrington and Stanley J. Steinberg; Adams Media, 2007 ($14.95). Discusses a wide range of retirement income issues, including Social Security, IRAs and working past retirement age.

•“Getting Started in a Financially Secure Retirement” by Henry Hebeler; Wiley, 2007 ($19.95). Covers pre- and post-retirement planning and effects of economic issues at large.

•“Tips to Building a Retirement Nest Egg” by Linda M. Mcgoon and Poonum Vasishth; Encouragement Press, 2007 ($14.95). Covers how to evaluate retirement needs and choose investments.

•“Your Complete Retirement Planning Road Map” by Ed Slott; Ballentine Books, 2007 ($15.95). Uses a checklist approach to taking inventory of retirement financial need.

•“Standard and Poor’s Guide to Saving for Retirement” by Virginia B. Morris and Kenneth M. Morris; Lightbulb Press, 2006 ($15.95). Offers insights on employer and individual retirement plans, Social Security and planning ahead.

Renters insurance: Most homeowners have insurance that covers the loss of possessions in a fire, theft, or other covered peril. That’s not the case for renters.

Nationwide, 96 percent of homeowners have homeowners insurance (it’s a requirement of having a home loan) while only 43 percent of renters have renters insurance, industry statistics show.

Will renters insurance cover all of your possessions? It depends.

Some possessions – jewelry, computers – are often subject to a per-category theft limit (for example, some policies have a $5,000 limit for computers). When seeking information on renters policies, ask about the various category limits and how they apply to expensive items you own. You may purchase a floater, providing additional coverage for specific items not included in your basic policy.

From wire reports


 

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