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Retirement
The government sets a limit on the amount of reportable income a person can earn who is
drawing Social Security Benefits. This limit is so ridiculously low, it keeps senior citizens in
poverty. How can a senior citizen keep their heads above water without having their benefits
reduced.
The secret is in REPORTABLE INCOME. Reportable income includes commission, wages, fees,
vacation and or severance pay, and tips. They must be reported annually to the Social Security
Administration on HEW Form 777.
The simple solution is to have an income that is not reported. Income that need not be reported
includes pensions, veterans benefits, royalties, rental income from real estate, gift and
inheritances, capital gains, annuity income, interest on saving, and investment income in the
form of DIVIDENDS. Dividends are a way to make money and still be entitled to your Social
Security Benefits.
Create an S Corporation. It's simple, easy and affordable. The IRS permits any small business
to operate under this tax option. After you establish a corporation, let your corporation
negotiate a contract or a fee with your former employer or your present employer.
Run your business in the usual manner, deducting costs from receipts to get net earnings. You
and the other shareholders receive the net earnings, not as wages but as dividends. You will
still have to pay tax on the dividend income, but it does not reduce your monthly Social Security
benefit. No matter how much money you make.
How many retirees do you know who could use this completely legal plan to better their life?
drawing Social Security Benefits. This limit is so ridiculously low, it keeps senior citizens in
poverty. How can a senior citizen keep their heads above water without having their benefits
reduced.
The secret is in REPORTABLE INCOME. Reportable income includes commission, wages, fees,
vacation and or severance pay, and tips. They must be reported annually to the Social Security
Administration on HEW Form 777.
The simple solution is to have an income that is not reported. Income that need not be reported
includes pensions, veterans benefits, royalties, rental income from real estate, gift and
inheritances, capital gains, annuity income, interest on saving, and investment income in the
form of DIVIDENDS. Dividends are a way to make money and still be entitled to your Social
Security Benefits.
Create an S Corporation. It's simple, easy and affordable. The IRS permits any small business
to operate under this tax option. After you establish a corporation, let your corporation
negotiate a contract or a fee with your former employer or your present employer.
Run your business in the usual manner, deducting costs from receipts to get net earnings. You
and the other shareholders receive the net earnings, not as wages but as dividends. You will
still have to pay tax on the dividend income, but it does not reduce your monthly Social Security
benefit. No matter how much money you make.
How many retirees do you know who could use this completely legal plan to better their life?