Saving for retirement is a lifelong process. The Lake Forest Library is here to help with all your lifelong learning goals, including personal finance and preparing for retirement. Librarians are here and happy to help find the right book for you, via chat, phone, email, and in person at the Lake Forest Library Adult Reference Desk. Read on for six book recommendations and three upcoming events at the library that may be of use to your retirement planning journey in 2022.
Books about Retirement Savings
Books on saving for retirement can be found at 332.024014 followed by the first three letters in the author’s last name. Find this in the Business Collection room immediately behind the reference desk and computer lab to the right of the Rotunda. A few standouts to consider:
How to make your money last by Jane Bryant Quinn
Learn methods to stretch your retirement savings over 30 years or more. Quinn discusses when to collect social security, how and when to get health insurance or Medicare, investing in times of low interest rates, recognizing an investment advisor that won’t take advantage of you, the annuity question, and constructing a new budget for your retirement.
The Ultimate Retirement Guide for 50+ by Suze Orman
Discover both financial and non-financial aspects of retirement decision-making with TV personality, Suze Orman. Consider relationship dynamics with children and grandchildren and how they could compliment or affect your retirement plan. These include moving, childcare, investing, paying yourself, decision making in your 60s, and what to look for in a retirement advisor.
The New Retirement Savings Time Bomb by Ed Slott
In this updated edition, Slott discusses tax laws that can affect your retirement savings accounts in clear-cut easy to understand language.
The 5 Years Before You Retire by Emily Guy Birken
Birken will help you prevent common retirement pitfalls, such as waiting until your 60s to realize you haven’t saved enough money to retire.
Books about Government Retirement Benefit Programs
Books on Medicare and Social Security are at Dewey call number 368.43 followed by the first three letters of the author’s last name. This call number can be found on the top floor of the library, to the right of the stairs, on the inside shelf immediately prior to the entrance to the next room.
AARP Social Security for Dummies by Jonathan Peterson
Social Security for Dummies is “the one guide you need to navigate the often-complex world of Social Security benefits. You'll learn when to start claiming, how much you can expect to receive, where to find Social Security calculators, and more.” – Amazon.com.
Nolo Social Security, Medicare & Government Pensions by J. L. Matthews
The updated 2021 edition will help you discover if you can choose between your own and spousal benefits, and how to navigate the web of decisions around receiving Social Security, Medicare, government pensions.
Upcoming Library Events
All events will be recorded and available to watch on the Lake Forest Library YouTube channel for a limited time after the event. Register for these and any other upcoming events at www.lakeforestlibrary.org/events/.
Can You Afford to Retire? February 8 at 7 pm via Zoom
Join us to evaluate your readiness for retirement with several self-evaluation exercises, led by Jigar Doshi. Learn about social security (including how benefits are calculated, when to file, taxation, and more), the basic need for an estate and/or financial plan, and how to conduct an estate analysis and net worth statement.
Picking the Right Medicare Supplement Insurance Plan featuring Weiss Ratings April 19 at 7 pm via Zoom
Join us to learn about what Medicare does and does not cover, where Medigap plans come in, and how to find the best plan for you using tools from the Library's informational Weiss Ratings database.
Estate Planning Basics on April 26 at 7 pm in person at the Library and also via Zoom
Explore estate planning topics with Madison Clark, including the preparation of wills and trusts, special needs planning, designating a guardian for minor children, and the benefits of having a power of attorney in place for college students.