Review of Reconfigurement
Posted: 12 Aug 2024, 01:59
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
E. Alan Fleischauer's book "Reconfigurement" offers a thorough exploration of retirement that questions traditional beliefs and proposes a more flexible method of financial planning.
The book starts by pointing out Americans' growing lifespans and the lack of traditional retirement planning in the face of this change. Despite this, the financial sector continues to support the outdated idea of working hard, saving consistently, and making wise investments in order to retire at 65. Nonetheless, this method is no longer enough.
Reconfigurement is the concept of reconfiguring one's life and financial plans at any stage of life, with a focus on proactive planning. He says that retirement preparation is not just about saving money but should also involve plans for continued work after turning 65. This is important because many people, for reasons such as not having enough savings, will have to continue working longer periods compared to previous generations.
One important thing is that the people who continue to work beyond the age of 65, either out of financial reasons or for their own satisfaction, working in old age may lead to a late-life crisis. He suggests that we need to see this as a chance for growth rather than a setback, and we need to take advantage of it to explore new passions and professions that make us happy and fulfilled. Furthermore, the book is well structured and meticulously checked; I didn't come across any errors in grammar or spelling throughout the book.
"Reconfigurement" by E. Alan Fleischauer is a thought-provoking and practical guide for anyone looking to rethink their approach to retirement. This book earns five out of five stars from my side for practical advice, and critiques of traditional financial planning methods make it both informative and interesting. Additionally, there are no negative points.
I recommend this book to anyone who is getting near retirement age or thinking about a career change.
******
Reconfigurement
View: on Bookshelves | on Amazon
E. Alan Fleischauer's book "Reconfigurement" offers a thorough exploration of retirement that questions traditional beliefs and proposes a more flexible method of financial planning.
The book starts by pointing out Americans' growing lifespans and the lack of traditional retirement planning in the face of this change. Despite this, the financial sector continues to support the outdated idea of working hard, saving consistently, and making wise investments in order to retire at 65. Nonetheless, this method is no longer enough.
Reconfigurement is the concept of reconfiguring one's life and financial plans at any stage of life, with a focus on proactive planning. He says that retirement preparation is not just about saving money but should also involve plans for continued work after turning 65. This is important because many people, for reasons such as not having enough savings, will have to continue working longer periods compared to previous generations.
One important thing is that the people who continue to work beyond the age of 65, either out of financial reasons or for their own satisfaction, working in old age may lead to a late-life crisis. He suggests that we need to see this as a chance for growth rather than a setback, and we need to take advantage of it to explore new passions and professions that make us happy and fulfilled. Furthermore, the book is well structured and meticulously checked; I didn't come across any errors in grammar or spelling throughout the book.
"Reconfigurement" by E. Alan Fleischauer is a thought-provoking and practical guide for anyone looking to rethink their approach to retirement. This book earns five out of five stars from my side for practical advice, and critiques of traditional financial planning methods make it both informative and interesting. Additionally, there are no negative points.
I recommend this book to anyone who is getting near retirement age or thinking about a career change.
******
Reconfigurement
View: on Bookshelves | on Amazon