---------------------- multipart/alternative attachment Bob My understanding is earning 40 quarters at or above 18k a year gets you the max benifit. Compare the SS contributions from the guy making 18k a year(what 2K)to the guy paying the max.15k or so. They get the same benifit at retirement though there contributuions were no where nears equal. I call that wealth redistrubtion. So from that point of view folks with subchapter S corps are trying to equal that playing field by limiting what they give SS and then do whatever they wish with the extra be it investment or a vacation. I personally don't want the hassle of more governmental regs that come with a Corp at this time. If you screw up in a corp. things can get ugly as the state takes running them properly more serious than the fed especially here in the Golden State. Dale Erwin > I'm aware that you only need 40 quarters of high income to establish good > benefits with SS, but at what point does the average tech start this > process, later in life when their kids are in college? I realize that SS > isn't nearly enough to cover retirement, but the way most people save > nowadays, is it prudent to underfund > our retirement. What are your thoughts on this subject? > > Bob Russell ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/e7/3b/09/3a/attachment.htm ---------------------- multipart/alternative attachment--
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