Ali Smith

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Ali Smith
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Have you ever thought to be retired sooner than usual? Is this option has more pros or cons?

Have you ever thought to be retired sooner than usual? Is this option has more pros or cons?

For most people taking early retirement is a dream. By doing that you can spend more time with your family, eat your breakfast in peace, or in brief you can devote your valuable time to your desired things. However, it's not an easily accessible option to everyone that can be achieved easily. In fact, you should be able to afford it as it requires you a couple of things you should be provided with such as adequate funds in reserve, a guaranteed income, and much more factors to think about before you give

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Have you ever thought to be retired sooner than usual? Is this option has more pros or cons?

Interesting article

What Is a Nanny Tax?

People who employ someone to help them in their household chores such as babysitting or cooking and pay them wages over a certain amount levied to a federal tax, called nanny tax. In 2022, the threshold for nanny tax is $2,400, and for over this amount, social security and Medicare taxes must be withheld at a rate of 15.3%, with the employer and employee each paying half (7.65%). This tax law enables household employees to receive covered employment benefits and protections.

What Is a Nanny Tax?