Review of Reconfigurement

[Harshitha G B]

[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]

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4 out of 5 stars

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This book covers all things linked to retirement, including planning, benefit aspects, and how to approach it. The author gives a brief introduction to reality and what is truly going on in the world of finance, outlining for us how to tackle each topic individually.

The author notes that most Americans don't enjoy their occupations and solely work to survive or save money, which brings the reader right into reality right away. The question "How much money is enough?" posed by the author initiates a crucial mental process. Which carriers are available, and how are they transmitted? The author is taking us through understanding the present in order to make plans for the future. The what-if-possibilities issue needs structure in order to be built. For instance, planning now takes longer than it did in the past due to longer life spans, necessitating the development of new theories and plans. We have a lot of past incidents, examples, story-based explanations, and old-time scenarios to compare how finance drastically changes now, and that is why, when challenges are counted, statistics are discussed to give readers a perspective on how financial evolution has happened.

Initially, the author adds a topic about money coming in and out because if we don't have control over deducting, how much ever comes in doesn't matter. As these days are expensive, budget management plays a key role in managing money. These concepts are explained clearly with personal incidents and examples from statistics. The advice that is offered is to maximize income and minimize expenses because future investments demand savings; be smart, weigh the risk, strike a balance, do your research, and create thoughtful plans.

Discover your fit later on, as each person has unique demands, capacities for giving, passions, and managerial styles. The author gave us access to a variety of websites so that we could check out our preferences, needs, interests, and areas of personal exploration. Since it helps us understand ourselves better, I've tried it for myself, and I'm satisfied with the outcomes. Websites for financial advice are also available beside that.
The important element, social security, is discussed next, and it's a number game, with employee and employer contributions included. Pre-retirement concepts are also included on the list, although demonstrating them is difficult to monitor. Additionally, the durability of life span has an impact on marital status, and the circumstances surrounding a divorced or widowed person are detailed in detail for our knowledge. The discussion of investments follows, which is crucial since without wise saving and investing, hard work feels constrained or is undermined, regardless of income. The author discussed several investment options, including mutual funds, government bonds, real estate, traded funds, and more. Among these, the idea of mutual funds is described, along with its advantages and varieties. The conventional system is known as a pension, which is a guaranteed income source. The fundamental retirement plans are defined as defined benefits and defined contributions. In certain schemes, both employees and their investments were involved; in other situations, only the employees invested. All of this data was made available.
In addition to investments and prearranged plans, the retirement plan or financial plan covers tax management, handling wills, trust funds, donations, and other legal matters. All of this needs to be handled properly in order to protect oneself or to fully benefit our loved ones. The author discusses the options and methods.

It gets a 4 out of 5 from me. The author's casual, participatory, and engaging narrating style made the book simple to read, and I laughed out loud at the jokes that were interwoven with the serious conversation. These are the book's positive qualities. I adored how the author organized the topics for simple reading: illustrations, figures, quotations, real-world instances, and historical research data. I appreciate the way the structure of the book was explained and how it included recommendations from other author books, websites, and applications. His experience added volume to the book.
This book's limits for readers who are not Americans and its sole focus on the lives of Americans for the key themes, examples, facts, and figures completely puzzled me. This is one component of the book that I didn't like. For example, neither I nor readers from other countries are aware of the social security system; the only reason I would want to learn about it is for educational purposes. Strategies focused on lifestyle are likewise unimportant because they differ by nation. Their unfamiliarity and non-applicability limit their benefits, and non-American readers may find them somewhat difficult. A portion of their concepts are unique to the US, which restricts their capacity to appeal to a worldwide audience. I had an enjoyable reading experience because the editing team did a great job of delivering a book free of errors. For information on the current state of the economy and how to create a safe future, I suggest you read this book.

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Reconfigurement
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[Tomy Chandrafrost]

I agree with you. This book was well-written with his unique writing style that keep us engaged while reading this book. Overall I enjoyed the experience when reading the book. Thanks for writing your thought here.

[MAHAD BAIG MIRZA]

The reviewer offers an objective analysis of the book, highlighting its comprehensive coverage of retirement planning while noting its limitations for non-American readers due to its exclusive focus on U.S.-centric financial systems and strategies.

[Priya Murugesan]

I have read another book by this author and I didn't quite like that. Hope I will like this one.

[Gerry Steen]

E. Alan Fleischauer emphasized the importance of planning ahead for retirement and for disastrous situations that may arrive. These elements spoke to me the most. I agree with you. I laughed out loud a lot as i read the the author's jokes that were sprinkled throughout the book. The author had the ability to turn a boring and tedious subject into a lighthearted learning experience.

[Rajaee R]

As someone who has already read this book, I am confident enough to say that this book is one of the best books out there that effectively talks about retirement and planning ahead. 
Thanks for the review.

[Yashi Shukla]

I agree with your opinion about it being more useful for Americans. But overall I actually quite liked it.