As far as I understand, there is a set amount of credits you need to earn to get social security benefits.
I believe this year, you need $5040 of income to get the maximum of four credits.
Since my wife is not working, she will not earn any credits. So, would it be worthwhile paying my wife a salary so she can get those credits? I understand that I would be paying her from my already taxed income, so in effect, I'd be paying taxes twice.
Also, I understand social security might not exist in future and benefits might change etc. , but I am looking for feedback about this plan and trying to understand if I am missing something here.
Assuming social security pays same benefits in the future, would paying my wife a salary that gives her 4 credits a year be a worthwhile investment ?
Submitted July 05, 2017 at 09:57AM by dum_dum_dummm http://ift.tt/2tQgdiF
