And for business owners and high-income 1099 earners, the conversation gets even more complicated because the same taxes that fund Social Security are often the taxes they’re actively trying to reduce.
WHAT YOU’LL LEARN:
- Why the Social Security shortfall doesn't mean your benefits disappear completely.
- How S corp distributions reduce payroll tax and what you give up.
- Why Social Security isn't an investment account.
- How the $184,500 wage base creates a tax and benefit sweet spot.
- Why your retirement plan shouldn't depend on receiving full Social Security benefits.
Tags:
MedSpa, social security planning, S corporation, payroll tax strategy, self-employment tax, reasonable salary, Social Security wage base, retirement income planning, survivor benefits, financial independence
Share The Love:
If you like MedSpa Money Matters…
Never miss an episode by subscribing via Apple Podcasts, Spotify, Amazon Music, or by RSS!
