Review of Reconfigurement
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Review of Reconfigurement
Reconfigurement: Reconfiguring Your Life At Any Stage and Planning Ahead, by E. Alan Fleischauer, is a non-fiction work destined mainly to teach people how to plan their retirement ahead and the importance of long-term thinking while doing it.
It was not an obvious title for me to choose, since I am in my mid 20's and don't live in America. Could have been a waste of time, but I always find good insights into other cultures while reading about how their people deal with big topics in their lives. So I decided to go for it and the book was not a waste of time at all! The basic concept of planning ahead is the main message from Reconfigurement, and it is probably the most usually-given advice in any financial scenario, but how to do it right in a context where people live 20 to 30+ years after the famous age of 65?
It is common sense that planning ahead and saving for the future is important, but the author actually shows how to avoid the mistakes that usually make people run out of money earlier than imagined. The best strategies for their particular context may not be the ones that they are usually acquainted with, and more people than we think don't really take note of important things like increasing health costs while planning their own way to retirement. So, another important lesson that anyone can learn from Reconfigurement is that when we plan ahead, we need to take account of the big picture instead of just considering what we first think about. Things change, and the data provided shows that people often underestimate the impact of it on their lives. Everything should be taken into account in order to find the best suited investments and avoid undesired surprises.
Fleischauer was able to keep an enjoyable pace of writing even while discussing the typically boring financial matters and it resulted in a fluid, light read. This work is very reliable and it is visible that a lot of effort was put into it. I also did not find any typos or errors, so the editing is amazing too. The only things I disliked in Reconfigurement were the jokes. Even though some of them are funny, most simply aren't and inserting them every now and then just seemed a bit forced to me. But since I am very different from the ideal reader of this book, my opinion on the jokes will not affect the rating. Thus, I rate it 5 out of 5 for the reliability, pace and objectivity. I would definitely recommend it as a must-read for everyone, since all of us will need to plan our retirement someday. Might re-read as well!
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Reconfigurement
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