Review of Reconfigurement
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Anthony Baraza
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- Latest Review: Reconfigurement by E. Alan Fleischauer
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Review of Reconfigurement
[Following is a volunteer review of "Reconfigurement" by E. Alan Fleischauer.]
RECONFIGUREMENT
E. ALAN FLEISCHEUER.
USA, INDEPENDENTLY PUBLISHED. 2022, 164 PAGES.
Reconfigurement: Reconfiguring your life at any stage and planning ahead by E. Alan Fleischauer is a non-fiction book that talks about life after retirement and how one can prepare for it. Reconfigurement, therefore, simply means planning for the future. Fleischauer begins by explaining some challenges associated with retirement in the United States of America and how to overcome them.
Fleischauer indicates that these challenges arise from the fact that financial service providers, instead of coming up with new and practical ways of handling current problems, continue using the old techniques which no longer work. This is because the average American lifespan, according to Fleischauer, has increased by 30 years within the last decade.
The author discusses income, which he describes as an asset that needs to be guarded accordingly. He says that income protection is a plan of the private sector which is available regardless of where one lives. His information on career assessment is an important guide to the young readers who are yet to decide on what to do in college, and after school. He gives a pathway to researching one’s top career choices and then provides a website consisting of a job description tool.
He introduces Chapter 4 by creating a link between reconfiguring one’s life and software tools which include eMoney Advisor, Money Tree, and Envestnet Money Guide. Other than the work one does, Fleischauer also discusses other areas of interest such as starting a new business, long-term care, social security timing as well as travel. He explains how nice it would be to have a part-time job after retirement to help pay for one’s travel.
Fleischauer dedicates several chapters discussing certain essential services including Medicare and Medicaid, wills and trusts, social security, and life insurance. He goes ahead to shed light on some misleading information about social security.
The author concludes by advising us that as we work, we should always create time for ourselves and that if we are not happy with our jobs, it is important for us to find something different. He encourages his readers, through his own experience, to reconfigure their lives early enough instead of waiting for a life-threatening experience to remind them.
The ideas presented by the author made me wish to continue turning the pages for more. Topics relating to finance, insurance, and planning have never been so easy and enjoyable to read. However, he presents these ideas in a simple manner coupled with some jokes, making the whole thing so interesting. Every idea presented by Fleischauer is supported by evidence and websites for further reading.
I especially liked Chapter 11: Wills and Trusts. It is a chapter that opened my eyes to the realities of our time. Most people, especially from developing countries, have found it difficult to share property left behind by a late relative. In some cases, this has led to division and even violence among family members. The chapter enlightens the reader on the circumstances under which a will can be contested in the probate court.
The only issue I had with the book is that the author focused entirely on America and its people's problems. My take is that the author shouldn’t assume all his readers are Americans since any other person outside the United States would be interested in utilizing his ideas. I also feel the author should have indicated the titles of each chapter on the table of contents. Otherwise, I am glad to say that I enjoyed reading every part of this book. There is no part of the book that I disliked and I therefore rate it five stars out of five. The topic was dull but through the use of humor and simple words, the author made it enjoyable.
I recommend this book to all people – especially those in developing countries – who would like to reset themselves for life after work.
******
Reconfigurement
View: on Bookshelves | on Amazon
RECONFIGUREMENT
E. ALAN FLEISCHEUER.
USA, INDEPENDENTLY PUBLISHED. 2022, 164 PAGES.
Reconfigurement: Reconfiguring your life at any stage and planning ahead by E. Alan Fleischauer is a non-fiction book that talks about life after retirement and how one can prepare for it. Reconfigurement, therefore, simply means planning for the future. Fleischauer begins by explaining some challenges associated with retirement in the United States of America and how to overcome them.
Fleischauer indicates that these challenges arise from the fact that financial service providers, instead of coming up with new and practical ways of handling current problems, continue using the old techniques which no longer work. This is because the average American lifespan, according to Fleischauer, has increased by 30 years within the last decade.
The author discusses income, which he describes as an asset that needs to be guarded accordingly. He says that income protection is a plan of the private sector which is available regardless of where one lives. His information on career assessment is an important guide to the young readers who are yet to decide on what to do in college, and after school. He gives a pathway to researching one’s top career choices and then provides a website consisting of a job description tool.
He introduces Chapter 4 by creating a link between reconfiguring one’s life and software tools which include eMoney Advisor, Money Tree, and Envestnet Money Guide. Other than the work one does, Fleischauer also discusses other areas of interest such as starting a new business, long-term care, social security timing as well as travel. He explains how nice it would be to have a part-time job after retirement to help pay for one’s travel.
Fleischauer dedicates several chapters discussing certain essential services including Medicare and Medicaid, wills and trusts, social security, and life insurance. He goes ahead to shed light on some misleading information about social security.
The author concludes by advising us that as we work, we should always create time for ourselves and that if we are not happy with our jobs, it is important for us to find something different. He encourages his readers, through his own experience, to reconfigure their lives early enough instead of waiting for a life-threatening experience to remind them.
The ideas presented by the author made me wish to continue turning the pages for more. Topics relating to finance, insurance, and planning have never been so easy and enjoyable to read. However, he presents these ideas in a simple manner coupled with some jokes, making the whole thing so interesting. Every idea presented by Fleischauer is supported by evidence and websites for further reading.
I especially liked Chapter 11: Wills and Trusts. It is a chapter that opened my eyes to the realities of our time. Most people, especially from developing countries, have found it difficult to share property left behind by a late relative. In some cases, this has led to division and even violence among family members. The chapter enlightens the reader on the circumstances under which a will can be contested in the probate court.
The only issue I had with the book is that the author focused entirely on America and its people's problems. My take is that the author shouldn’t assume all his readers are Americans since any other person outside the United States would be interested in utilizing his ideas. I also feel the author should have indicated the titles of each chapter on the table of contents. Otherwise, I am glad to say that I enjoyed reading every part of this book. There is no part of the book that I disliked and I therefore rate it five stars out of five. The topic was dull but through the use of humor and simple words, the author made it enjoyable.
I recommend this book to all people – especially those in developing countries – who would like to reset themselves for life after work.
******
Reconfigurement
View: on Bookshelves | on Amazon
Latest Review: Reconfigurement by E. Alan Fleischauer
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Enjani Matendeko
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- Latest Review: Running For One's Life by Lauren Jedlan
This book is unique to me. It is one of the very few financial advising authors that talked about retirement. It jolted me to the reality that I won't remain in my prime forever. So I will do my best to apply the suggestions given in this book on how to plan for retirement.
Latest Review: Running For One's Life by Lauren Jedlan
