Local Author Spotlight: Bill Mullen

After years of working for various Fortune 1000 companies, Bill Mullen longed to get out of the corporate scene and move where he wanted to live as opposed to where a company wanted to move him.

No stranger to a small-town scene, since there were only 24 in his high school graduating class, Park City seemed a good match. Bill and his wife Carole, put down a payment on a house in Prospector during a Christmas ski trip in 1988. “We have celebrated Christmas in that house since 1989. My wife Carole & I moved here permanently in July 1994 to the house in which we live in Hidden Cove.”

Since 1995 Bill has managed a Financial Planning firm here in Park City and has also written and published his first book; “The Tax Ticking Time Bomb; How to Recognize & Manage Tax Traps in Retirement”.

Over the years, Bill's research has shown most people have saved for retirement using tax deferred accounts like IRAs & 401(k)s.  “In many cases, they do not consider that all the money in those accounts does not belong to them. A quarter to a third of the money will have to be used to pay taxes. Using tax deferred accounts is a good way save for retirement. It is not a good way to enter retirement with all your money in tax deferred accounts. Helping clients reposition assets as they approach retirement has been my focus since publishing that book.”

Bill had great help from three locals in getting the book written and published. “Make that four when I include my wife Carole. Stacy Dymalski (she has since moved to LA) educated me on how to self-publish and she proof read the draft. I thought I was a grammarian before Stacy. I still use what I learned from her when I write now. Michelle Rayner did a great job on the graphics and Katie Mullaly put it all together so that it could be published. Without those three, it would not have come together in 7 months.”

Bill's book can be purchased at Dolly's Bookstore, from Bill himself, or on online at https://amzn.to/2gmafvA