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@nihal Well, to each his/her own. I'm getting up toward retirement age. Will probably start taking Social Security in 8 years, and I wish I had taken more in the form of salary, since that would get me to the place where all expenses would be covered by my SSN payments (and my investments...

@nihal That is a myth that is popular nowadays. It has been determined that, even if nothing is done by Congress over the next 50 years, in 2070 Social Security will still be paying about 75 percent of what it is now. And the chances of politicians doing nothing to satisfy the largest block of...

@sherwood You also don't mention that, when you hit 66 years old, your social security is based on the self-employment income you earned while you were working. So, unless you are making more than $180,000 a year, filing as an S corp will lower the amount of social security you receive when you...