One of New York's Top Wealth Managers, Paul Byron Hill, Co-Authors New Book on How to Avoid Costly Retirement Mistakes

PITTSFORD, Va., Sept. 1, 2017 /PRNewswire/ Building wealth over a lifetime is one thing. Successfully preserving, protecting and passing on that wealth, as well as planning a lifetime income, is another.

Professionals, executives, and business owners will gain insight, principles and practical advice on how to enjoy a great retirement and leave a lasting legacy in Retire Abundantly, a new book co-authored by Paul Byron Hill, MBA, MFP, MSFS, ChFC , CFP .

"Only three percent of all Americans are able to accumulate one million dollars or more, which makes that group extraordinary. But many don't understand that the methods to successfully preserve, protect and pass on their wealth are very different than the methods used to successfully accumulate that wealth," said Hill.

The new book educates those top families with accumulated wealth against costly mistakes and little-known missteps that often derail the kind of retirement lifestyle they had expected, as well as spoil best-laid legacy plans.

Hill added, "These three percent, whether they are professionals, executives or business owners, face different retirement obstacles than the average American family. As a result of popular myths about money and wealth, many are uninformed about expensive mistakes they are making today, even those with a team of well-meaning advisors."

For example, Hill said, running afoul of IRS retirement account rules can cost a bundle. The Wall Street Journal reported that "Uncle Sam is about to get a lot tougher on individual retirement account mistakesand that could trip up investors who aren't careful." The IRS levied over half a billion dollars in fines in just a two-year period for missed retirement plan withdrawals and contributions that break their rules.

The easy-to-read book is not laden with theory or jargon. Rather it is filled with planning principles and practical examples. It begins by exposing how and why the investment industry and many financial advisors have left investors confused, along with common misconceptions that people believe due to disturbing stories in the popular media.

It outlines three major mistakes of most retirement planning and includes a very helpful section explaining twelve challenging obstacles. The book concludes with solutions, including an enlightening case study that illustrates key concepts described in the book.

Another interesting and informative feature of the book is its collection of real-life stories of failure and success sprinkled throughout. The book concludes by showing readers how to take the next step for informed planning of retirement strategy and legacy goals.

Hill continued, "My professional mission is to educate and equip those who accumulate wealth so they can completely enjoy their wealth, and then wisely preserve, protect and pass it on to positively impact their family, their community and the causes they care about most deeply. That's why I want people to read this book."

For additional resources, go to https://www.professionalfinancial.com.

AboutPaul Byron Hill:
Paul Byron Hill, MBA, MFP, MSFS, ChFC, CFP, is a nationally recognized Wealth Management Consultant, Educator, Author, and Speaker, written about in Money, Fortune, and Forbes, among other publications. Reuters honored Hill at a NYC event as one of 500 "Top Advisers." Professional Financial Strategies, Inc., the independent investment advisory firm he founded, has been ranked multiple times as a "Top Wealth Manager" in Wealth Manager and in annual Financial Advisor surveys of leading firms.

Hill acts as a personal chief financial officer for his clients, bringing a unique multi-disciplinary, multi-dimensional wealth management process to strategically guide retirement planningintegrating investment management, mitigating taxes, protecting assets and leaving a legacy.

Contact:
Paul Byron Hill
585-218-9080
Professional Financial Strategies, Inc.

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SOURCE Paul Byron Hill

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