MULLICA, N.J., Aug. 2, 2017 /PRNewswire/ -- Managers, executives, professionals and business owners will gain financial wisdom and discover principles on how to reduce income taxes and estate taxes to create a greater lifestyle and legacy in Retire Abundantly, a new book co-authored by Andrew Maisch.
"It's increasingly difficult to save enough money to retire with confidence and peace of mind. It is a challenging feat that fewer and fewer Americans are able to accomplish. Many simply don't understand that there are proven principles to help them successfully preserve, protect and pass on their hard-earned savings," said Andrew Maisch.
Americans over age 65, numbering more than 44 million, are facing stiff challenges to retire and then stay retired. The book educates and equips retirees against the little-known mistakes and high-priced missteps that can derail their lifestyle in retirement.
"As a result of widely held myths about wealth and money, many are making some high-priced mistakes and are not even aware of it. More than that, they don't know where to turn to get sound advice. It's part of my mission to educate hard-working people about their options," said Maisch.
"AARP reported that 2 out of 3 older Americans fear running out of money more than dying. Imagine being 75 years old, in great health, full of life, and running out of money. The fear of running out of money is not unfounded. I believe that people who have worked and saved deserve to live with greater peace and freedom in retirement," Maisch added.
Besides taxes, running afoul of IRS retirement account rules can cost retirees a bundle. According to Forbes, "Americans paid an estimated $5.8 billion in penalties on retirement account withdrawals. (That's in addition to the regular tax owed on those withdrawals.)"
In addition, the Wall Street Journal reported that, "Uncle Sam is about to get a lot tougher on individual retirement account mistakes—and that could trip up investors who aren't careful."
The easy to read book is not laden with technical jargon. It begins by exposing how and why the retirement planning industry has left some retirees adrift, along with the myths that many have been led to believe. It also details the three major retirement mistakes that many individuals are currently making.
A very helpful section follows detailing twelve of the biggest retirement obstacles.
The book concludes outlining the solutions, including an enlightening case study that illustrates the concepts detailed in the book. Another interesting and informative feature of the book is a set of real life stories of failure and success sprinkled throughout.
The book ends by showing readers how to take the next step in their own retirement lifestyle and wealth planning.
"I want to get this book into the hands of as many people as I can, so they can preserve their hard-earned savings, and to fully enjoy their retirement," says Andrew Maisch, "and pass on a legacy."
About Andrew Maisch
Andrew Maisch is a recognized Financial Educator, Author and Retirement Income Specialist. Maisch is the co-author of Retire Abundantly: The Proven Principles To Create A More Worry Free Retirement With Less Stress!, a book written to show managers, executives, professionals and business owners how to have greater peace of mind in retirement. As the Founder and CEO of The Maisch Financial Group LLC, Andrew and his team design and implement smart and "safe money" strategies to create predictable lifetime income so that their clients can enjoy peace of mind and freedom throughout their retirement years.
SOURCE Andrew Maisch