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CINCINNATI, Sept. 16, 2020 /PRNewswire/ — Building a successful, closely held business is one thing. Successfully preserving, protecting and passing on that wealth is another, according to Ken Byers, ChFC®, AEP®, CLU®, Co-Author of the book, “Retire Abundantly.”
Business owners will gain wisdom, principles and practical advice on how to enjoy a great retirement and leave a lasting legacy.
Byers shares, “Only three percent of all Americans have been able to accumulate one million dollars or more, which makes that group extraordinary, and many of those are closely-held business owners. Most don’t understand that building a successful business is not the same as getting the money out of the business. We are on a mission to show first generation closely-held business owners how to move money out of their business on a tax preferred basis.”
Successful business owners with accumulated wealth face little-known mistakes and missteps that can prove very costly. Lack of understanding can derail the retirement lifestyle that many have come to expect, as well as spoil their best-laid plans for a legacy.
“Closely-held business owners face very different tax, wealth and retirement obstacles than the average population. As a result of popular myths about money and wealth, many are …
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