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ShawnA
ShawnA, SS Expert, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS , Decades of experience helping clients..
Category: Social Security
Satisfied Customers: 2884
Experience:  SS Expert, CPA, Professor, CFP. CGMA, Business Consultant, Professor, PFS I have decades of experience helping clients..
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I am 62. My husband and I own our own company. I want to

Customer Question

I am 62. My husband and I own our own company. I want to retire and will not longer receive a full salary. How does the fact that I own 50% of the company affect anything?
Submitted: 1 year ago.
Category: Social Security
Expert:  retirementlawyer replied 1 year ago.
Hello and welcome.
My name is***** am a Licensed practicing attorney and my goal is to provide you with excellent service today.
In terms of benefits, if you are not taking any salary, and you declare less than $15,720 your ownership will not have much bearing on your social security benefits.
Expert:  ShawnA replied 1 year ago.
Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.
There are even several legal ways around YOUR taking a salary even if it $60,000 now with no effect on your SS.
1. Depends if your husband is younger or over FRA (full retirement age and taking Ss). Have him take your and his combined.
there are more ways. I will offer you a call if you would like to discuss them.