1 rich Libsyn https://www.libsyn.com 90 600 Today, John’s answering a question from a viewer about hiring a spouse, or children, in a family business. When structured properly, this strategy can create significant tax advantages and strengthen retirement savings. However, it also carries risks if not handled correctly. We’ll break down the real pros, cons, and IRS guidelines around bringing your family onto the payroll. Here’s some of what we discuss in this episode: 0:00 – Intro 1:06 – Are there tax benefits to hiring your family? 2:43 – What qualifies as “real work”? 6:55 – Roth IRAs and earned income 10:06 – Insurance and education reimbursement plans 11:43 – Avoid these common mistakes 14:27 – Relationship risks &amp;nbsp; Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net &amp;nbsp; Get in touch with us: https://mearsmoney.com/ &amp;nbsp; Watch the Podcast on YouTube: https://bit.ly/3PmcOPM Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/ &amp;nbsp; The Red Zone Retirement Program http://mearsmoney.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/36626150/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/36626150