Review of Reconfigurement
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Lara Keir
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Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
The impact of the pandemic on the elderly inspired E. Alan Fleischauer to write the self-help book Reconfigurement. The reconfigurement financial planning, which is at the heart of the book, utilizes both the left and right sides of the brain to make financial decisions. Inspiration for this idea came from the author's own experience of needing to "reconfigure" his own life after suffering a mild stroke. The book's major topics include career and retirement planning as well as the maximization of financial benefits.
I love that the book was packed with insightful and useful advice. The author emphasizes that, despite the fact that most employers offer 401(k) plans, which now frequently replace pensions, roughly 70% of Americans do not put any money into them. You also have a 1 in 21 chance of becoming ill or having an accident, so it is best to have disability income insurance. However, many people do not have this type of insurance because it is among the least popular. Additionally, even if the employer offers disability insurance, it usually does not offer complete coverage.
One of the other messages is to have fun, whether you're planning for retirement or living it. As one of the most enjoyable books on finance I've ever read, the author clearly walks his talk. With clever remarks and wordplay, this book will make you giggle while also making you think. For instance, "The number one problem in our country is apathy... but who cares?," "People today are living longer than before. How are we going to pay for those extra years?," or "All financial plans are based on the ability to make money. Yep, it’s true, go figure!" Figure… Get it? [Excerpted from Chapter 1, What's the plan?]
The author has a rich financial background, so some parts might be challenging for the average reader to understand. Concepts like benefits, trust, open architecture, endowment, cash value, and premium might not be understood in some contexts (and definitely don't mean what they would otherwise!). Although the title is another wordplay, I believe it undersells the book's content and may lead readers to associate it with unpleasant concepts such as disfigurement (yikes!). Perhaps "reconfigure your life" or simply "reconfiguration" would be more appropriate.
Although the book is intended for people in their 40s to 50s, I would recommend it to anyone, regardless of age, who is looking for advice on how to best plan for financial independence or a career change. With the exception of one minor issue, I thought the book was very well edited and thought out. I gave the book 5 out of 5 stars because it is loaded with wisdom and practical advice.
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Reconfigurement
View: on Bookshelves | on Amazon
The impact of the pandemic on the elderly inspired E. Alan Fleischauer to write the self-help book Reconfigurement. The reconfigurement financial planning, which is at the heart of the book, utilizes both the left and right sides of the brain to make financial decisions. Inspiration for this idea came from the author's own experience of needing to "reconfigure" his own life after suffering a mild stroke. The book's major topics include career and retirement planning as well as the maximization of financial benefits.
I love that the book was packed with insightful and useful advice. The author emphasizes that, despite the fact that most employers offer 401(k) plans, which now frequently replace pensions, roughly 70% of Americans do not put any money into them. You also have a 1 in 21 chance of becoming ill or having an accident, so it is best to have disability income insurance. However, many people do not have this type of insurance because it is among the least popular. Additionally, even if the employer offers disability insurance, it usually does not offer complete coverage.
One of the other messages is to have fun, whether you're planning for retirement or living it. As one of the most enjoyable books on finance I've ever read, the author clearly walks his talk. With clever remarks and wordplay, this book will make you giggle while also making you think. For instance, "The number one problem in our country is apathy... but who cares?," "People today are living longer than before. How are we going to pay for those extra years?," or "All financial plans are based on the ability to make money. Yep, it’s true, go figure!" Figure… Get it? [Excerpted from Chapter 1, What's the plan?]
The author has a rich financial background, so some parts might be challenging for the average reader to understand. Concepts like benefits, trust, open architecture, endowment, cash value, and premium might not be understood in some contexts (and definitely don't mean what they would otherwise!). Although the title is another wordplay, I believe it undersells the book's content and may lead readers to associate it with unpleasant concepts such as disfigurement (yikes!). Perhaps "reconfigure your life" or simply "reconfiguration" would be more appropriate.
Although the book is intended for people in their 40s to 50s, I would recommend it to anyone, regardless of age, who is looking for advice on how to best plan for financial independence or a career change. With the exception of one minor issue, I thought the book was very well edited and thought out. I gave the book 5 out of 5 stars because it is loaded with wisdom and practical advice.
******
Reconfigurement
View: on Bookshelves | on Amazon
Latest Review: A Dream For Peace by Dr. Ghoulem Berrah
