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

4.1 out of 5 stars 30 customer reviews

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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"The idea that leisure activities alone can produce an enjoyable retirement is more than half a century out of date."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.
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Product Details

  • Series: What Color Is Your Parachute? for Retirement: Planning Now for the
  • Paperback: 263 pages
  • Publisher: Ten Speed Press; 1st edition (May 1, 2007)
  • Language: English
  • ISBN-10: 1580087116
  • ISBN-13: 978-1580087117
  • Product Dimensions: 6 x 0.7 x 9 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #1,250,636 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

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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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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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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Format: Paperback Verified Purchase
Mr. Fulmore has written such an unpleasant review that I might have skipped the book, if I hadn't actually read it already. Skipping this book would have been a mistake, though.

Like Mr. Fulmore, I read and review a lot of retirement-related books (though not, usually, for Amazon). I have also taken the time to read some of Mr. Fulmore's other reviews. He is clearly a smart and well-read man, but his preferences are somewhat idiosyncratic. It bothers him when authors cover the same ground that a lot of other books cover -- a legitimate beef from someone who reads about retirement as a hobby.

But if you are one of the 99.9% of people who are not going to read a whole shelf of retirement books, and perhaps will read only one, this is a very good one to read -- partly BECAUSE it covers the essential ground covered in most other good books on the subject.

Its most conspicuous virtue, though, is its balance. John Nelson has an approach to retirement that is explicitly, deliberately balanced -- because a life that is meaningful and rewarding should itself be balanced. Nelson believes, and builds his book upon the idea that, a good life requires a balance of money, health, and happiness. More importantly, he tells you how to do it. This is important.

Nelson deals with these topics in sufficient breadth so that you legitimately feel that the ground is being covered, and with enough specificity so that you walk away with ideas you can really use. This is no small feat, and though it is clear (and I don't mean this at all facetiously) Mr. Fulmore doesn't need this kind of information, chances are that YOU do.

I might also mention that it is one of Mr.
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