{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Hiring Your Spouse &amp; Kids: Big Opportunities and Big Mistakes to Avoid","description":"Today, John\u2019s 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\u2019ll break down the real pros, cons, and IRS guidelines around bringing your family onto the payroll. Here\u2019s some of what we discuss in this episode: 0:00 \u2013 Intro 1:06 \u2013 Are there tax benefits to hiring your family? 2:43 \u2013 What qualifies as \u201creal work\u201d? 6:55 \u2013 Roth IRAs and earned income 10:06 \u2013 Insurance and education reimbursement plans 11:43 \u2013 Avoid these common mistakes 14:27 \u2013 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\u2019s FREE Books: https:\/\/je9gekmc.pages.infusionsoft.net\/ &amp;nbsp; ","author_name":"The Red Zone Retirement Program","author_url":"http:\/\/mearsmoney.com\/","html":"<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>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/36626150"}