Quote:
Originally Posted by Wandrin
Willravel, you mentioned being your own boss. I presume that means that you are self-employed. If so, you might want to investigate organizing your business as a class-C corporation. That gives many advantages for retirement planning. You can pay yourself a lower salary than what you take in, thus reducing the tax burden. Since class-C corps are allowed to build wealth, the remainder can be invested and all investment and financial planning advice is a tax deduction for the corp. When you decide to retire (or semi-retire), you can continue to pay yourself a salary, even without income in the door. There are many such advantages.
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This is really interesting information. My accountant, literally the most helpful man in America, has been providing me with advice about stuff like this. It absolutely astounds me how difficult it is to run a business under American laws. There are more loopholes and cheats than there are stars in the galaxy.