Review of Reconfigurement
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Catherine Oenga
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- Latest Review: Reconfigurement by E. Alan Fleischauer
Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
"Reconfigurement" by E. Alan Fleischauer is a refreshing and insightful book that addresses the multifaceted challenges and opportunities of retirement planning. Unlike traditional approaches that often focus solely on financial security, Fleischauer’s work extends beyond monetary concerns, urging readers to consider the broader picture of their post-career lives. With over 20 years of experience in the financial industry, Fleischauer’s expertise shines through as he offers advice tailored to different life stages and circumstances, making this book relevant to a wide audience, including retirees, young professionals, married couples, and those considering remarriage.
The book begins with a thought-provoking chapter titled "What's the Plan?" In this chapter, Fleischauer challenges the conventional wisdom of retirement planning, which emphasizes hard work, saving, and investing. He argues that while these are important, they are not sufficient on their own. Instead, he advocates for a more comprehensive approach that includes planning for continued work during retirement and thinking beyond just financial assets. This sets the tone for the rest of the book, which is rich with practical advice and real-life examples that illustrate his points.
A standout chapter, "Money In, Money Out," delves into the importance of income generation during retirement. Fleischauer underscores the significance of reconfiguring one’s financial approach to ensure that income is adequately planned for. He eloquently emphasizes the need for a solid financial foundation, exploring the reality that achieving financial security often requires sacrifices and difficult decisions. This chapter, like many others in the book, is filled with wisdom drawn from both the author’s personal experiences and his professional career, making it both relatable and credible.
Fleischauer doesn’t just stop at income and financial reconfiguration; he expands his discussion to include other essential aspects of retirement planning. In the chapter "Tools in the Web," he touches on the importance of having a comprehensive retirement strategy that includes specific action steps. He drives home the point that preparation is key, using a poignant hypothetical scenario that serves as a reminder of the inevitability of death and the importance of being prepared, not just financially but in all aspects of life. The chapter also provides a brief yet informative history of life insurance, tracing its origins back to ancient Rome and emphasizing its role as a cornerstone of financial planning.
Social Security is another critical topic addressed in the book. Fleischauer does a commendable job of demystifying this often-complicated program. He explains the rules governing Social Security benefits and stresses the importance of understanding these rules to maximize the benefits one is entitled to. His clear and concise explanations make this complex subject accessible to the average reader, which is no small feat.
Investment choices are another area where Fleischauer’s expertise shines. He outlines various investment options, from individual stocks to bonds, providing readers with the knowledge they need to make informed decisions. This section of the book is particularly useful for those who may feel overwhelmed by the plethora of investment choices available. Fleischauer’s advice is practical and grounded in reality, making it an invaluable resource for anyone looking to secure their financial future.
Fleischauer notes that many people have left their jobs as a result of the pandemic, and he speculates that not all of them plan to return to the workforce. He emphasizes the importance of enjoying life before retirement, encouraging readers to travel, play, and engage in fun activities. This emphasis on living life to the fullest before and during retirement is a refreshing and much-needed reminder in a world that often prioritizes work over personal fulfillment.
Overall, "Reconfigurement" is a well-written, thoughtful, and comprehensive guide to retirement planning. E. Alan Fleischauer’s deep knowledge and experience in the financial industry are evident throughout the book, making it a trustworthy resource for readers. The book’s unique approach, which combines financial advice with practical life wisdom, sets it apart from other retirement guides. While the book could have benefited from more case studies or examples of how readers have successfully implemented these strategies, it remains an essential read for anyone looking to take control of their retirement.
"Reconfigurement" is an excellent resource for those looking to rethink their approach to retirement. With its blend of practical advice, real-life examples, and financial expertise, it is a must-read for anyone seeking a fulfilling and secure retirement. I rate this book 5 out of 5 stars, as I found no negative aspects of the book. The book is also exceptionally well-edited.
******
Reconfigurement
View: on Bookshelves | on Amazon
"Reconfigurement" by E. Alan Fleischauer is a refreshing and insightful book that addresses the multifaceted challenges and opportunities of retirement planning. Unlike traditional approaches that often focus solely on financial security, Fleischauer’s work extends beyond monetary concerns, urging readers to consider the broader picture of their post-career lives. With over 20 years of experience in the financial industry, Fleischauer’s expertise shines through as he offers advice tailored to different life stages and circumstances, making this book relevant to a wide audience, including retirees, young professionals, married couples, and those considering remarriage.
The book begins with a thought-provoking chapter titled "What's the Plan?" In this chapter, Fleischauer challenges the conventional wisdom of retirement planning, which emphasizes hard work, saving, and investing. He argues that while these are important, they are not sufficient on their own. Instead, he advocates for a more comprehensive approach that includes planning for continued work during retirement and thinking beyond just financial assets. This sets the tone for the rest of the book, which is rich with practical advice and real-life examples that illustrate his points.
A standout chapter, "Money In, Money Out," delves into the importance of income generation during retirement. Fleischauer underscores the significance of reconfiguring one’s financial approach to ensure that income is adequately planned for. He eloquently emphasizes the need for a solid financial foundation, exploring the reality that achieving financial security often requires sacrifices and difficult decisions. This chapter, like many others in the book, is filled with wisdom drawn from both the author’s personal experiences and his professional career, making it both relatable and credible.
Fleischauer doesn’t just stop at income and financial reconfiguration; he expands his discussion to include other essential aspects of retirement planning. In the chapter "Tools in the Web," he touches on the importance of having a comprehensive retirement strategy that includes specific action steps. He drives home the point that preparation is key, using a poignant hypothetical scenario that serves as a reminder of the inevitability of death and the importance of being prepared, not just financially but in all aspects of life. The chapter also provides a brief yet informative history of life insurance, tracing its origins back to ancient Rome and emphasizing its role as a cornerstone of financial planning.
Social Security is another critical topic addressed in the book. Fleischauer does a commendable job of demystifying this often-complicated program. He explains the rules governing Social Security benefits and stresses the importance of understanding these rules to maximize the benefits one is entitled to. His clear and concise explanations make this complex subject accessible to the average reader, which is no small feat.
Investment choices are another area where Fleischauer’s expertise shines. He outlines various investment options, from individual stocks to bonds, providing readers with the knowledge they need to make informed decisions. This section of the book is particularly useful for those who may feel overwhelmed by the plethora of investment choices available. Fleischauer’s advice is practical and grounded in reality, making it an invaluable resource for anyone looking to secure their financial future.
Fleischauer notes that many people have left their jobs as a result of the pandemic, and he speculates that not all of them plan to return to the workforce. He emphasizes the importance of enjoying life before retirement, encouraging readers to travel, play, and engage in fun activities. This emphasis on living life to the fullest before and during retirement is a refreshing and much-needed reminder in a world that often prioritizes work over personal fulfillment.
Overall, "Reconfigurement" is a well-written, thoughtful, and comprehensive guide to retirement planning. E. Alan Fleischauer’s deep knowledge and experience in the financial industry are evident throughout the book, making it a trustworthy resource for readers. The book’s unique approach, which combines financial advice with practical life wisdom, sets it apart from other retirement guides. While the book could have benefited from more case studies or examples of how readers have successfully implemented these strategies, it remains an essential read for anyone looking to take control of their retirement.
"Reconfigurement" is an excellent resource for those looking to rethink their approach to retirement. With its blend of practical advice, real-life examples, and financial expertise, it is a must-read for anyone seeking a fulfilling and secure retirement. I rate this book 5 out of 5 stars, as I found no negative aspects of the book. The book is also exceptionally well-edited.
******
Reconfigurement
View: on Bookshelves | on Amazon
Latest Review: Reconfigurement by E. Alan Fleischauer
