Review of Reconfigurement
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Munmun Samanta Rudra
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Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
E. Alan Fleischauer's Reconfiguremen offers a contemplative retrospection on retirement planning. The author has addressed the growing disconnection between traditional financial advice and the realities of modern longevity. As a financial advisor with over 20 years of experience, Fleischauer introduces the concept of ‘Reconfigurement’, a practical financial planning to bridge this gap.
The book's central theme revolves around the need to rethink retirement strategies in light of increased life expectancy. Step by step Fleischauer makes his readers understand the importance of proper financial planning. The conventional approach of working hard, saving diligently, and retiring at 65 is no longer sufficient for many Americans. Instead, he proposes a more holistic method that combines financial planning with lifestyle considerations, emphasizing the importance of continued employment and personal fulfilment beyond the traditional retirement age.
Fleischauer's perspective is both practical and forward-thinking. He challenges the financial industry's focus on asset accumulation and introduces readers to the idea of structuring a life that allows for earning less in the short term but potentially more over an extended period. This approach aims to relieve the burden of funding total expenditures during a prolonged retirement phase. And in this respect, social security plays a vital role in reconfiguring retirement plans.
The author presents a balanced view, addressing both the "left-brain" (analytical) and "right-brain" (creative) aspects of retirement planning. He poses thought-provoking questions about career transitions, personal goals, and financial considerations, encouraging readers to start planning early for a potential second career or lifestyle change.
Fleischauer stresses the importance of beginning the reconfigurement process as early as possible, ideally in one's 40s or 50s, to maximize opportunities and flexibility. He also touches on critical topics such as Social Security, pensions, and the potential financial challenges facing many Americans in retirement.
‘Reconfigurement’ is particularly relevant for middle-aged professionals, baby boomers approaching retirement, and financial advisors seeking innovative approaches to retirement planning. It offers valuable insights for anyone concerned about their financial future and looking to align their later years with personal aspirations and economic realities.
"Reconfigurement" by E. Alan Fleischauer is an important contribution to retirement planning literature, offering a timely and necessary perspective on adapting to increased longevity. A blend of financial expertise and lifestyle considerations makes this book a valuable resource for those looking to reboot their retirement planning. There is nothing I dislike regarding this book. The editing is polished and perfect, providing a professional look to this book. The streaks of humour that wrap the otherwise grave theme of this book, make this reading a pleasure trip. So, with a happy heart, I love to rate the book 5 out of 5. Of course, I am going to apply the author's financial plans to my retirement policy.
******
Reconfigurement
View: on Bookshelves | on Amazon
E. Alan Fleischauer's Reconfiguremen offers a contemplative retrospection on retirement planning. The author has addressed the growing disconnection between traditional financial advice and the realities of modern longevity. As a financial advisor with over 20 years of experience, Fleischauer introduces the concept of ‘Reconfigurement’, a practical financial planning to bridge this gap.
The book's central theme revolves around the need to rethink retirement strategies in light of increased life expectancy. Step by step Fleischauer makes his readers understand the importance of proper financial planning. The conventional approach of working hard, saving diligently, and retiring at 65 is no longer sufficient for many Americans. Instead, he proposes a more holistic method that combines financial planning with lifestyle considerations, emphasizing the importance of continued employment and personal fulfilment beyond the traditional retirement age.
Fleischauer's perspective is both practical and forward-thinking. He challenges the financial industry's focus on asset accumulation and introduces readers to the idea of structuring a life that allows for earning less in the short term but potentially more over an extended period. This approach aims to relieve the burden of funding total expenditures during a prolonged retirement phase. And in this respect, social security plays a vital role in reconfiguring retirement plans.
The author presents a balanced view, addressing both the "left-brain" (analytical) and "right-brain" (creative) aspects of retirement planning. He poses thought-provoking questions about career transitions, personal goals, and financial considerations, encouraging readers to start planning early for a potential second career or lifestyle change.
Fleischauer stresses the importance of beginning the reconfigurement process as early as possible, ideally in one's 40s or 50s, to maximize opportunities and flexibility. He also touches on critical topics such as Social Security, pensions, and the potential financial challenges facing many Americans in retirement.
‘Reconfigurement’ is particularly relevant for middle-aged professionals, baby boomers approaching retirement, and financial advisors seeking innovative approaches to retirement planning. It offers valuable insights for anyone concerned about their financial future and looking to align their later years with personal aspirations and economic realities.
"Reconfigurement" by E. Alan Fleischauer is an important contribution to retirement planning literature, offering a timely and necessary perspective on adapting to increased longevity. A blend of financial expertise and lifestyle considerations makes this book a valuable resource for those looking to reboot their retirement planning. There is nothing I dislike regarding this book. The editing is polished and perfect, providing a professional look to this book. The streaks of humour that wrap the otherwise grave theme of this book, make this reading a pleasure trip. So, with a happy heart, I love to rate the book 5 out of 5. Of course, I am going to apply the author's financial plans to my retirement policy.
******
Reconfigurement
View: on Bookshelves | on Amazon
