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Tired

hosspuller

Senior Member
Joined
Aug 27, 2014
Messages
1,869
Location
North Carolina
... then take as much extra profit as you can and put it into a retirement plan for yourself. This is the one step that many fail to fund while self employed. With the tax deferred plans available today you can stash up to around $100,000 a year. At some point you will want to retire and the best way is to do it well.

As I posted before, the tax laws are set to advantage the wealthy and powerful. There are tax advantages to have your "company" provide benefits to "THE" employee (you). It may include some sort of retirement plan. Ain't that grand... the gov't wants you to save money for retirement. And gives you a tax credit to do it. My employers didn't have a retirement/savings plans without some $$ benefit to them. Remember, the wealthy & powerful have tax professionals to keep them between the lines and in front of the iron bars of prison. You need them too.
 

old-iron-habit

Senior Member
Joined
Nov 22, 2012
Messages
4,233
Location
Moose Lake, MN
Occupation
Retired Cons't. Supt./Hospitals
As I posted before, the tax laws are set to advantage the wealthy and powerful. There are tax advantages to have your "company" provide benefits to "THE" employee (you). It may include some sort of retirement plan. Ain't that grand... the gov't wants you to save money for retirement. And gives you a tax credit to do it. My employers didn't have a retirement/savings plans without some $$ benefit to them. Remember, the wealthy & powerful have tax professionals to keep them between the lines and in front of the iron bars of prison. You need them too.

Employers love deferring wages into retirement plans. After all, if it is pre-tax there is no workers comp, nor is there a SSI match on the deferred funds. There is a huge saving to a corporation realized by only a keystroke on the computer and a bank transfer to a different fund. And the employee whom defers all he or she can wins also.
 

stinky64

Senior Member
Joined
Feb 25, 2017
Messages
860
Location
java center ny
Occupation
big truck wrench/fixer of things
Mike L, all the respect in the world to Truck Shop, to each his own. But I have found that nothing rolls off the tongue as easy, and feels so good to say, as FU*K trucks. And for the most part, I have found the only thing in the world dumber than a truck driver is 2 of them...
This is bad because I was a Teamster driver and a IAM truck mechanic but....what's the difference between a teamster and a puppy?? The puppy quits whining after six months:D On the other subject of getting burned out , those of us in northern climates i.e. canuckistan.. always seem to get really disgusted this time of year after the 438th time you get a nice slushy, salty deposit in your eye, ear, or laying in the snow/slush out in the yard because some f##ktard can't get his brakes to release, but trucks/transportation have given a lot of us a pretty good paycheck/benefits and used to be a pretty fun club to belong to before they implemented al the new rules and regulations and sucked all the fun out of it..That being said, I am also 57 and after 34 years of this crap, my body hurts every day especially in the cold and I can't wait to pull the plug, and it's getting close......
 
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stinky64

Senior Member
Joined
Feb 25, 2017
Messages
860
Location
java center ny
Occupation
big truck wrench/fixer of things
Forgot to post this last night but it makes me chuckle when I think about it..When I started wrenching on trucks many moons ago I was the youngest guy in the shop, was a sponge for knowledge, and was full of pi$$ and vinegar...Now I'm the oldest guy in the shop, soak up beer like a sponge, and pi$$ vinegar..:D
 

The Peej

Senior Member
Joined
Feb 6, 2012
Messages
323
Location
Connecticut
Vetech, I always thought a topless bait store with beer and snacks. All of us would drive a 100 miles to buy a dozen nitecrawlers, just cause...
Years ago I worked is southern Florida and there was a topless donuts shop. It was in the same shopping center as a strip club.
 

Truck Shop

Senior Member
Joined
Dec 7, 2015
Messages
16,538
Location
WWW.
Who would be eating donuts and drinking coffee on a nude beach? It would probably be the odd one out fully dressed worried to show the world what he doesn't have.
 
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