Review of Reconfigurement
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Singh Rakesh
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Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
"Reconfigurement" by E. Alan Fleischauer.
The book discusses the importance of retirement planning and the various factors to consider when creating a retirement plan. It emphasizes that many people delay or neglect retirement planning, leading to potential financial insecurity. It advocates for the use of retirement planning software to help individuals and advisors organize and manage retirement expectations, concerns, and financial strategies. The book underscores the need for early and proactive planning, especially as people approach retirement age, to ensure a comfortable and sustainable retirement. It provides an overview of estate planning, explaining the fundamental concepts and components such as estates, wills, and trusts, as well as their roles and legal requirements. It emphasizes the importance of having a written will to ensure one's assets are distributed according to their wishes and discusses the various types of trusts and their purposes in managing and protecting assets. Additionally, it highlights the legal intricacies involved and the need for professional advice in estate planning.
One significant insight is the need to bridge the gap between traditional retirement expectations and the reality of increased life expectancy. The author highlights that many people are living much longer than previous generations, necessitating a more dynamic and adaptable retirement plan. He also points out that a significant portion of Americans are dissatisfied with their jobs, suggesting that career assessments and planning for potential career changes or new ventures should be part of the retirement preparation process. This includes considering various aspects like starting a new business, part-time work, and other income-generating activities post-retirement. Overall, the lesson is that retirement planning should be a continuous, evolving process that aligns with one’s life goals and changing circumstances.
From the book "Reconfigurement," the key lesson I learned is the importance of proactive and holistic planning for retirement, for which I rate this book 5 out of 5 stars. The author emphasizes that simply saving money and investing wisely is not enough. Instead, he advocates for "reconfigurement financial planning," which integrates both the emotional and practical aspects of preparing for the future. This approach combines right-brain creative thinking with left-brain analytical strategies to ensure a comprehensive plan. "Reconfigurement" is best suited for readers who are planning for retirement, considering career changes, or seeking a holistic approach to future financial and personal planning. It particularly benefits those who value integrating emotional well-being with practical financial strategies.
This book is a sign of marvelous editing because it has no errors. And also, it does not have any dislikes.
******
Reconfigurement
View: on Bookshelves | on Amazon
"Reconfigurement" by E. Alan Fleischauer.
The book discusses the importance of retirement planning and the various factors to consider when creating a retirement plan. It emphasizes that many people delay or neglect retirement planning, leading to potential financial insecurity. It advocates for the use of retirement planning software to help individuals and advisors organize and manage retirement expectations, concerns, and financial strategies. The book underscores the need for early and proactive planning, especially as people approach retirement age, to ensure a comfortable and sustainable retirement. It provides an overview of estate planning, explaining the fundamental concepts and components such as estates, wills, and trusts, as well as their roles and legal requirements. It emphasizes the importance of having a written will to ensure one's assets are distributed according to their wishes and discusses the various types of trusts and their purposes in managing and protecting assets. Additionally, it highlights the legal intricacies involved and the need for professional advice in estate planning.
One significant insight is the need to bridge the gap between traditional retirement expectations and the reality of increased life expectancy. The author highlights that many people are living much longer than previous generations, necessitating a more dynamic and adaptable retirement plan. He also points out that a significant portion of Americans are dissatisfied with their jobs, suggesting that career assessments and planning for potential career changes or new ventures should be part of the retirement preparation process. This includes considering various aspects like starting a new business, part-time work, and other income-generating activities post-retirement. Overall, the lesson is that retirement planning should be a continuous, evolving process that aligns with one’s life goals and changing circumstances.
From the book "Reconfigurement," the key lesson I learned is the importance of proactive and holistic planning for retirement, for which I rate this book 5 out of 5 stars. The author emphasizes that simply saving money and investing wisely is not enough. Instead, he advocates for "reconfigurement financial planning," which integrates both the emotional and practical aspects of preparing for the future. This approach combines right-brain creative thinking with left-brain analytical strategies to ensure a comprehensive plan. "Reconfigurement" is best suited for readers who are planning for retirement, considering career changes, or seeking a holistic approach to future financial and personal planning. It particularly benefits those who value integrating emotional well-being with practical financial strategies.
This book is a sign of marvelous editing because it has no errors. And also, it does not have any dislikes.
******
Reconfigurement
View: on Bookshelves | on Amazon
