Review of Reconfigurement
- Shem Murundu
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Review of Reconfigurement
If you are seeking to rebuild your life, then look no further. E. Alan Fleischauer's book, Reconfigurement, might just be the perfect tool to help you achieve your goal. ‘Reconfigurement’ simply means to re-arrange your life. According to the author, age is not a limiting factor to ‘reconfigurement financial planning’; ‘reconfigurement’ is possible at any age. Fleischauer, a certified financial planner and advisor with more than 20 years of experience, emphasizes on planning ahead; planning for post-retirement life way before one retires. He argues that retirement planners need to drop the traditional, numbers-based retirement approach that focuses on workers working extra hard before retirement to accumulate a certain financial figure for use post-retirement and instead adopt modern retirement plans that prepare workers to continue working and earning money way past the retirement age of 65. He explains that American people approaching the age of 65 in the 21st century, unlike in the 20th century, should expect to live longer, since the average American life expectancy is higher than it used to be before. With this expectation to live longer, the author urges the reader to plan for post-retirement life in advance, in order to avoid the confusion and stress that comes with retirement.
The book covers a wide variety of topics associated with retirement. Fleischauer’s focus is especially on the American citizen. He tackles various issues including, but not limited to, Social Security, Medicare, Medicaid, life insurance, disability insurance cover, the 401(k) savings plan, and career assessment.
The author employs the use of witty ‘financial’ jokes in the book. These jokes successfully achieve the effect of lightening up the dull mood that may characterize the serious issues being discussed in the book. The author also uses language that’s simple to comprehend. I liked the way he gives in-depth explanations about the various financial subjects under discussion. For instance, he leaves no stone unturned in ensuring the reader understands the differences between defined-benefit savings/pension plans and defined-contribution pension plans.
I also liked the section about career assessment. I believe this part of the book would be a great tool for guiding people in choosing careers that fit them, with regards to their personality types. I learned some new stuff as well; information about disability insurance cover was new and helpful to me. I also learnt the history and origins of some current-day issues such as Social Security and the Myers-Briggs personality types.
I did not find anything particularly negative about this book, aside from a few errors. I felt like the author slightly overused the words ‘darn' and ‘dang'; however, this usage of those words doesn’t diminish the quality of the book.
This book was professionally edited because I noticed very few errors.
This book is of great quality, and its content is of great relevance to the American citizen. The book’s editing was above average, almost excellent. In addition, no strong language was used. This is why I give the book a rating of 5 out of 5 stars.
I recommend this book to people above 40 years of age. People approaching the age of retirement should also read this book. The book has no religious limitations, so people of all religions should feel free to read this book.
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Reconfigurement
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Last bumped by Shem Murundu on 10 Jan 2023, 06:16.