Скачать или смотреть Tips for Maximizing Social Security as a Business Owner

To maximize Social Security benefits as a business owner, consider paying yourself a low salary to reduce Social Security and Medicare taxes, especially if you're close to retirement and married. Social Security calculates benefits based on your highest 35 years of earnings. If married for over ten years, spouses can receive 50% of the higher-earning spouse's benefit at retirement age. This strategy is illustrated with a couple owning a family business where they adjusted their salaries to boost the lower-earning spouse's eventual benefit. By examining their historical earnings, they were able to increase their Social Security benefits effectively.

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