I will be 62 in a couple of years and will have the option of retiring. If things continue like they have, adsense income is going to be a much larger part of my retirement income than I would have ever imagined.
Right now I just take the income as a sole prop. However, I have the feeling that will count as income and reduce my social security payment.
I will obviously talk this over with an accountant but I like to collect ideas before I do that. I have found I have much better luck with accountants/laywers if I tell them what I want to do than if I ask them what I should do.
My guess would be that I will need to set up an LLC or Corp. and structure things so the income is passive rather than active.
Has anyone here explored this subject, or am I the oldest and get to go first
mhdoc