A “Side Fund” Increases Benefits When Cutting Social Security Taxes

Here’s good news!

If you know how to play the game, you can cut those nasty Social Security taxes. The trick?

Create a “side fund.”

It lets you invest your savings by lowering your self-employment taxes. In other words, if you save $10,000 year–you don’t spend it.

You invest it until you reach Social Security age and then you withdraw it like an annuity (so much per year).

Best of all you’ll be able to keep key benefits like Medicare and spousal support.

Two important points to remember about Social Security:

You need 40 quarters of coverage to qualify for the Social Security
retirement benefit (unless you qualify as a spouse).

Social Security bases your retirement benefit on your
highest-earning 35 years.

Get out your abacus.

The fact of the matter is that making all the appropriate calculations is not

for the faint of heart.

That’s why I’ve provided an example that make things perfectly clear. (Well, pretty darned clear.)

To get started, here’s my suggestion …

A “Side Fund” Increases Benefits
When Cutting Social Security Taxes