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What Color Is Your Parachute? for Retirement: Planning Now for the Life You Want Paperback – May 1, 2007


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Product Details

  • Series: What Color Is Your Parachute? for Retirement
  • Paperback: 263 pages
  • Publisher: Ten Speed Press; 1st edition (May 1, 2007)
  • Language: English
  • ISBN-10: 1580087116
  • ISBN-13: 978-1580087117
  • Product Dimensions: 8.9 x 5.9 x 0.7 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #1,028,962 in Books (See Top 100 in Books)

Editorial Reviews

Review

"...seeing the future you'd like to have decades down the road and being shown ways to walk toward it. -- Better Investing, July 1, 2007

"A useful, practical roadmap for anyone thinking about retirement, no matter how distant." -- USA Today

"Filled with exercises and resources on such matters as making lasting friendships, evaluation medical treatment plans and finding the ideal place to settle down." -- Employee Benefit News

"The idea that leisure activities alone can produce an enjoyable retirement is more than half a century out of date." -- Bottom Line Personal

³...like the original Parachute, a good blend of readable advice and inspirational big-picture thinking.² -- Kansas City Star, June 12, 2007

³a useful, practical roadmap for anyone thinking about retirement, no matter how distant.² -- USA Today, May 29, 2007

From the Publisher

* A retirement planning guide for all career stages, inspired by the world's best-selling career book.
* Introduces the Retirement Well-Being model, which is already being used for educational programs covering millions of employees in government, corporate, and nonprofit settings.
* Practical exercises, illustrations, and print and Internet resources throughout.

More About the Authors

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Customer Reviews

It covers all the bases and is presented in an easy-to-read style.
Donald MCCLURE
This book can help a person identify their heart's desire and would be terrific for anyone thinking about what they want for their future retirement.
Constant Reader
Optimizing the "three dimensions" of retirement is your goal, and the book gives you several tools to help you through this planning process.
T. Nuckles

Most Helpful Customer Reviews

158 of 187 people found the following review helpful By George Fulmore on June 11, 2007
Format: Paperback
Having read and reviewed quite a few books on retirement, I was excited about getting a copy of "What Color is Your Parachute? For Retirement," by Richard Bolles and John E. Nelson. The original "Parachute" book has sold millions, and has stayed popular for decades. Hopefully, the "Parachute" format would map successfully over, and add new insight into the advice, to date, on a life in retirement.

But we're off to a bad start in the first of two introductions, when Richard Boles pretty much tells us that he did not write the book. And, even worse, he comes right out and tells us that he hates the word "retirement." To him, he says, it implies "being put out to pasture"...and a "'disengagement' from both work and life, as one patiently - or impatiently - waits to die."

What a God-awful statement for a supposed co-author of a book on retirement to make. The guy sounds like he hates the concept of retirement from the start. But I think things only get worse when we're encouraged several times within the book to read the original version of "Parachute." Geeezzz! Is this new book really "For Retirement," as we have been led to believe? Or is it more of an advertisement for the original book?

But, let's move on. Now that we know that Bolles didn't write the book, we can explore what author John Nelson has to say, starting with HIS introduction. Here, he tells us that the book is not a finance book, or a book on health or psychology. It could be, he says, seen as an introductory seminar...or an advanced seminar. And, get this, he tells us that the book should be useful to "people of all career stages... Whether you're just starting your career or already retired....
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24 of 26 people found the following review helpful By T. Nuckles on May 29, 2007
Format: Paperback
In terms of a comprehensive approach to retirement planning, this book is truly The Missing Link. Every other book on retirement I have read has focused on just the economics -- personal financial planning. The authors of Parachute address financial planning, but go far beyond it to emphasize the less-tangible aspects of preparing for and then living in retirement. The book helps you understand who you are now, and then helps you determine how your personal attributes can create an optimal retirement. Optimizing the "three dimensions" of retirement is your goal, and the book gives you several tools to help you through this planning process. The intangibles will directly affect your fulfillment in retirement, and indeed will affect your financial needs, as well. I now realize that financial planning for retirement is improved when one uses this comprehensive approach.

I wish this book had been available 10 years ago. If you are starting planning for your retirement, read this book FIRST. It will give you a great roadmap. You can then turn to other resources as needed to fill out a particular aspect of your retirement plan. The book cites many valuable resources. I can definitely recommend this book to those interested in a holistic approach to retirement planning, one that goes beyond the typical dollars-and-cents approach.
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41 of 48 people found the following review helpful By Amazon Customer on June 21, 2007
Format: Paperback
What a great book! It really ignites new thoughts about retirement planning. Whether already in retirement, not there yet, or just starting a first job, this book shows that retirement is an entirely separate life stage that requires some careful thought and planning. As someone who has worked in the retirement field for over 20 years, this is a message that both young and old need to hear and by taking the approach suggested in the book, it can be a great help in deciding how much needs to be saved to support a retirement lifestyle.

I'm one of those people who are "kind of" retired, but still working and I'm not alone. Studies show that between 60% and 80% of retirees and pre-retirees today are planning to continue some type of "work" - whether for pay or volunteering - well into their retirement years. The reasons for working are generally because the retiree is bored, needs a social network and/or wants to add some purpose to their life.

Unfortunately, most people don't have a clue about how to actually plan for what their retirement lifetime will be like or even think about what their "dream retirement" is. What this book does is offer an approach that will let you picture your future and help you plan how to get there.

What I found really great about this book is that it is more than just something to read. I was able to complete the exercises/worksheets and really learn something about me and what I want to get out of my retirement years. It gave me a whole new perspective about what I can do when I "grow up" and really retire.

Will this book be for everyone? Maybe not. (I really disagree with the last reviewer, though.) If you already know what your retirement life will be like, you probably aren't looking for a book about retirement.
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18 of 20 people found the following review helpful By Steve Burns TOP 1000 REVIEWERVINE VOICE on October 7, 2007
Format: Paperback
I have read several books on retirement, and this one is by far the best. It contains all the tools you will need to build a retirement that is best for you. It has lived up to its namesake, "What color is your parachute?" and I believe will be a classic itself. It begins by explaining you must build your retirement by balancing the big three of happiness, prosperity, and health. They overlap each other and depend on the others for fullfilment. Can you be happy if you are broke or sick in retirement? It explains the three boxes of life: education, work, and then retirement which takes you through the three dynamics of development, productivity, and then leisure. However you may want to make plans to have education or productivity in your retirement also and not just leisure. It briefly covers the financial aspects of retirement in examining what you will need from social security, your IRA/401K, and possible pension income, but it is brief, and covers the bases.
The book then takes you through exercises on the six fields of knowledge for well being that enables you to build a specific retirement plan that caters to you. They include the aspects of social, psychological, geographical,financial, medical, and biological. You will have to answer for yourself questions like:
Will I have an adequate network of friends after I retire?
What do I value most? Simplicity? Excitement? etc.
Where do I want to live? Keep my house or sell it for a condo in Florida?
Will I have enough income to support the lifestlye I want? Should I scale down for freedon or should I work part time in retirement?
Do I favor medical doctors, alternative care of a mixture of both? Will I have adequate medical coverage?
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