Review of Reconfigurement
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Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
Reconfigurement is not just the title of a book, it is a lot more than that. ‘Reconfigurement Financial Planning’ (RFP) is a concept designed to save you and I—yes, that’s right, me too—from the sinister consequences of not studying the statistics. If you are in your 20s or early 30s, and are not American, ‘What’s your number?’ is probably a question no one has ever tossed in your face. Before taking this question head on, it is important to note that RFP is not for Americans alone.
E. Alan Fleischauer knows that an intervention not tailored to the realities of the field is doomed to failure. As a prominent figure of the US financial industry, he knows every corner of the science involved in the economic game played well beyond Wall Street, and has combined it with the facts and statistics of the American world to give all Americans a concise view of the ‘big picture,’ and the tools for a rematch.
When financial planners ask, ‘What’s your number?’ What they want to know is actually a rough estimate of how much you need to live a comfortable, healthy life for all of your post-retirement years. Now that is quite a tricky question to answer. Like me, you probably have no clue. But then, E. Alan Fleischauer strongly maintains that now is as good a time to figure that out. In Reconfigurement, he shows you how to do just that.
If you are wondering why you have to do so now and not later, think of this: would you want to start providing for your 65-year-old self when you are 65 and retired from active labour, or now when you are younger and still have your 5-digits or more monthly income rolling in? The truth is, few people do the latter. This is only one of many such disconnects between tradition and reality that Alan is out to address. Most of us have been going down the traditional lane of lackadaisical attitude to what’s real. But Reconfigurement is here to help us change that, so that we have all the information needed to do what our future selves will thank us for.
Let’s face it: we don’t know it all. Inflation is here to stay, taxes too. Thanks to medical advances, people are living longer today, Americans especially. The cost of living is ever rising. Everyone needs to plan ahead, whether they live in the US or not. And that’s exactly what Reconfigurement is all about: ‘planning ahead.’ This book is actually one of the few things you should be reading. And I don’t mean tomorrow, but today.
There is a bulk of industry information spread out neatly across thirteen short chapters. Alan writes in the most comprehensive of ways—the average reader would have little to no difficulty in understanding every section of this book. This is a book that can help you learn about many things: the financial industry, the realities of the New World, life insurance policies, what planning for retirement really looks like, what you ‘should’ be doing now, and even things about yourself that you have never paused to notice. It can help make the ‘big’ decisions easier to make, by telling you exactly what you need to know before you make them.
This book is virtually errorfree, which is one of things I love about it, thanks to its exceptional editing. Alan used a lot of witty aphorisms in writing this book, which may or may not have necessitated or resulted in the use of very mild profanities. Two reasons for this is to express the intensity of his sentiments at specific points, and to convey his understanding of what the reader must be feeling at particular moments. For a job well done, in every ramification of the word, I award Reconfigurement by E. Alan Fleischauer 5 out of 5 stars.
Perfectly understanding how uncomfortable raising matters like aging and life insurance could be for many people, he explained and discussed concepts with such light-heartedness that I had no grim feelings at all while reading this book. He kept cracking jokes, most of which were topnotch fun.
I recommend this book to all American senior citizens who are looking for knowledge on how to manage their post-retirement years, as well as to the members of their families most keen on helping them sort things out. Anyone can use the essential, 20-years worth of vetted financial wisdom that this book has to offer—all it takes is replacing the facts. If you are 30 or older, with so much money coming in that you have no clue what to do with all of it, Reconfigurement is also the right book for you.
******
Reconfigurement
View: on Bookshelves | on Amazon
Reconfigurement is not just the title of a book, it is a lot more than that. ‘Reconfigurement Financial Planning’ (RFP) is a concept designed to save you and I—yes, that’s right, me too—from the sinister consequences of not studying the statistics. If you are in your 20s or early 30s, and are not American, ‘What’s your number?’ is probably a question no one has ever tossed in your face. Before taking this question head on, it is important to note that RFP is not for Americans alone.
E. Alan Fleischauer knows that an intervention not tailored to the realities of the field is doomed to failure. As a prominent figure of the US financial industry, he knows every corner of the science involved in the economic game played well beyond Wall Street, and has combined it with the facts and statistics of the American world to give all Americans a concise view of the ‘big picture,’ and the tools for a rematch.
When financial planners ask, ‘What’s your number?’ What they want to know is actually a rough estimate of how much you need to live a comfortable, healthy life for all of your post-retirement years. Now that is quite a tricky question to answer. Like me, you probably have no clue. But then, E. Alan Fleischauer strongly maintains that now is as good a time to figure that out. In Reconfigurement, he shows you how to do just that.
If you are wondering why you have to do so now and not later, think of this: would you want to start providing for your 65-year-old self when you are 65 and retired from active labour, or now when you are younger and still have your 5-digits or more monthly income rolling in? The truth is, few people do the latter. This is only one of many such disconnects between tradition and reality that Alan is out to address. Most of us have been going down the traditional lane of lackadaisical attitude to what’s real. But Reconfigurement is here to help us change that, so that we have all the information needed to do what our future selves will thank us for.
Let’s face it: we don’t know it all. Inflation is here to stay, taxes too. Thanks to medical advances, people are living longer today, Americans especially. The cost of living is ever rising. Everyone needs to plan ahead, whether they live in the US or not. And that’s exactly what Reconfigurement is all about: ‘planning ahead.’ This book is actually one of the few things you should be reading. And I don’t mean tomorrow, but today.
There is a bulk of industry information spread out neatly across thirteen short chapters. Alan writes in the most comprehensive of ways—the average reader would have little to no difficulty in understanding every section of this book. This is a book that can help you learn about many things: the financial industry, the realities of the New World, life insurance policies, what planning for retirement really looks like, what you ‘should’ be doing now, and even things about yourself that you have never paused to notice. It can help make the ‘big’ decisions easier to make, by telling you exactly what you need to know before you make them.
This book is virtually errorfree, which is one of things I love about it, thanks to its exceptional editing. Alan used a lot of witty aphorisms in writing this book, which may or may not have necessitated or resulted in the use of very mild profanities. Two reasons for this is to express the intensity of his sentiments at specific points, and to convey his understanding of what the reader must be feeling at particular moments. For a job well done, in every ramification of the word, I award Reconfigurement by E. Alan Fleischauer 5 out of 5 stars.
Perfectly understanding how uncomfortable raising matters like aging and life insurance could be for many people, he explained and discussed concepts with such light-heartedness that I had no grim feelings at all while reading this book. He kept cracking jokes, most of which were topnotch fun.
I recommend this book to all American senior citizens who are looking for knowledge on how to manage their post-retirement years, as well as to the members of their families most keen on helping them sort things out. Anyone can use the essential, 20-years worth of vetted financial wisdom that this book has to offer—all it takes is replacing the facts. If you are 30 or older, with so much money coming in that you have no clue what to do with all of it, Reconfigurement is also the right book for you.
******
Reconfigurement
View: on Bookshelves | on Amazon
Wouldn't Take Nothing For My Journey Now
—Maya Angelou
—Maya Angelou
Latest Review: Endgame by William Reed
