All about Savings

Publishers Weekly - Publisher's Weekly

An investment counselor and author of eight previous money books ( The Dying Dollar, The Book of Incomes, etc.) here offers a comprehensive if routine guide for the average money-saver in a banking atmosphere greatly altered by the Federal Deregulation Act of 1980 (fully effective only last year) and the 1986 comprehensive tax reforms. In his discussion about banking today, however, Krefetz unfortunately explains interest rates and ``yield'' in terms few savers who are not sophisticated investors are likely to understand. In a chapter on computer transactions, he sees a threat to financial privacy but also new savings opportunities worldwide. Krefetz clearly explicates the workings of deposit insurance, modern savings instruments (CDs, Money Market funds) and tax shelters like municipal bonds and IRA accounts, along with every saver's possible first or last resortU.S. government bonds. (March 19)

Library Journal

thor has successfully capsulized the results of the recent deregulation of the nation's financial industry and has explained a variety of savings vehicles that emerged. He defines for the average consumer terms and options such as passbook savings, NOW and Super NOW accounts, interest, yields, forms of ownership, as well as stocks, bonds, and government insured and guaranteed investment instruments. Krefetz's book is current and reflects the most recent tax law changes enacted in late 1986. Well written, the book should be a valuable addition for public libraries. Arthur J. Lieb, Library of Congress