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The Joy of Self-Employment
Yes, there are many benefits to being self-employed, and the booming “gig economy” is evidence of how popular self-employment is becoming. After all, being your own boss allows you to call the shots, work when you want to (well, most of the time, anyway), and cherry pick your work (assuming there’s enough fruit on the tree). But there’s one big downside that is often overlooked by many planning to embark on this route: Social Security and Medicare taxes. Nilus Mattive, editor of The Rich Life Roadmap, analyzes this taxation issue in a post on dailyreckoning.com. Check it out here…