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at has more help for you in planning your retirement years.
Wondering how much money you'll have at retirement due to your present savings? Go to the popular Kiplinger Financial Calculators and find out! Assume a conservative rate of return on your investments using their savings calculator.
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Deloitte & Touche has a good introduction to retirement planning online.

Barron's Business Keys: Keys To Retirement Planning

by Warren Boroson

Keys To Retirement Planning (157 pages, $4.95) by Warren Boroson is a pocket-sized guide to retirement planning. But, for its size, a significant amount of useful information is covered.

An invasion of principal table gives you an idea of how long your retirement funds will last, assuming a percentage yield on the portfolio and how much of the portfolio you need to remove each year. For example, at a conservative 8% return, and assuming you need to withdraw 10% of the portfolio annually, you could expect your money to last 29 years.

A short chapter discusses the retirement income gap (RIG) which represents how much money you actually need to save once any Social Security and pension money you receive is factored out.

Another chapter discusses longevity and how long you might expect to live given your current age. For example, a 50-year-old male expects to live another 25.5 years while a 50-year-old female expects to live another 29.6 years. Such a table gives an idea of how long your kitty must last.

The basic investment vehicles, such as bonds, money market funds, treasury securities, stocks, and mutual funds, tax-exempt bonds, etc., are discussed. Asset allocation is briefly mentioned.

Keys To Retirement Planning also discusses IRA's, Keogh, SEP, 401(k) and other tax-deferred ways of investing. The book was written in the early 1990's and there is no discussion of Roth IRA's.

Another chapter discusses Social Security Benefits. Estate planning is also mentioned. Overall, Keys To Retirement Planning is a decent introduction to retirement planning. However, it is probably only a good introduction. You will probably want to consult other sources to learn more about investing, estate planning, and other retirement planning topics.

The book ends with a mention of the various financial planning experts such as money managers, stockbrokers, accountants, lawyers, etc., and how they can help you. Again, Boroson counsels, the key is finding an intelligent, knowledgeable expert who has your own interest at heart, rather than someone who just desires to spend your retirement money on his "investment" opportunity.

Becoming financially savvy by reading and learning about investments and personal financial planning is a good start for planning your retirement effectively.

Barron's Business Keys: Keys To Retirement Planning
Barron's Business Keys: Keys To Retirement Planning

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