Why Small Business Owners in Cherry Hill, NJ Trust Medicare and Money for Smart Financial Planning
Are you a small business owner or sole proprietor in Cherry Hill, NJ? If so, you're already used to wearing many hats—marketer, operator, payroll manager, and more. But one of the most important roles you must take seriously is your own financial strategist.
At Medicare and Money, we specialize in helping entrepreneurs in Cherry Hill navigate the complexities of Medicare, Social Security, tax planning, and retirement—all with a focus on maximizing long-term income and minimizing costly mistakes.
Small Business Owners Face Unique Financial Challenges
Unlike traditional employees, business owners often don’t have access to structured retirement accounts, employer-sponsored health coverage, or HR departments that assist with benefits planning. You’re expected to handle it all—and that includes making sure your future income through Social Security and Medicare is optimized.
Let’s take a closer look at why small business owners need tailored advice—and how Medicare and Money is stepping in to support the Cherry Hill business community.
1. Social Security Optimization Isn’t One-Size-Fits-All
As referenced in the flyer from Kim T. Nguyen, an RSSA (Registered Social Security Analyst), many small business owners believe that working more and paying more in self-employment taxes will automatically lead to a higher Social Security benefit.
But that’s not always true.
In fact, when you reach your mid-50s, you may be at a critical stage where strategic income planning becomes more important than ever. There is something called a “magic income number”—an optimal level of reported income that maximizes benefits without unnecessary tax burdens.
At Medicare and Money, we analyze factors like:
Lifetime earnings history
Marital status
Retirement age plans
Life expectancy projections
Other income streams or retirement savings
With this information, we build a personalized Social Security strategy that works specifically for self-employed professionals.
2. Medicare Planning for Self-Employed Individuals
Did you know that as a small business owner, you’re responsible for your own Medicare enrollment and planning?
Many clients in Cherry Hill come to us with questions like:
“When should I sign up for Medicare if I’m still running my business?”
“How does Medicare coordinate with my private insurance or HSA?”
“What plan is best for my unique needs?”
We walk you through every step. From Part A & B enrollment to choosing the right supplemental or Advantage plan, our team ensures you’re getting coverage that fits your lifestyle and income.
We also help you understand how Medicare premiums may be impacted by your Modified Adjusted Gross Income (MAGI)—something every business owner should factor into tax planning.
3. Tax-Efficient Income Strategies for Cherry Hill Business Owners
Running a business means you have more control over how and when you take income—but with that power comes responsibility.
At Medicare and Money, we help you:
✅ Identify the most tax-efficient way to pay yourself (e.g., salary vs. distributions)
✅ Understand how that income affects Medicare premiums and Social Security taxes
✅ Plan deductions and retirement contributions strategically
Cherry Hill has a vibrant community of entrepreneurs—from consultants and realtors to contractors and boutique owners. We help you make the most of your financial setup, so you can minimize taxes while maximizing future benefits.
Why Cherry Hill Business Owners Choose Medicare and Money
We’re more than financial consultants—we’re a local team that understands the unique pressures of running a business in South Jersey. Here's what sets us apart:
✅ Local Expertise
We specialize in working with Cherry Hill and Camden County residents, so we’re familiar with state-specific tax issues, licensing setups, and retirement patterns in our region.
✅ Personalized Planning
There’s no one-size-fits-all here. Every client gets a personalized plan that reflects their income, goals, age, and family situation.
✅ Holistic Services
We’re not just talking Medicare. We tie it all together—Social Security, tax strategies, retirement accounts, income planning, and more.
✅ Compassionate Support
We love working with seniors, small business owners, and sole proprietors. We break down the complex stuff and make sure you feel confident in your next steps.
Real Talk: Are You Approaching Your “Magic Income” Window?
If you’re in your mid-50s or older and still running your business, now is the time to talk to a Registered Social Security Analyst (RSSA). You might be paying self-employment taxes that aren’t increasing your future benefit—or worse, unintentionally increasing your Medicare premiums.
Let us help you answer questions like:
What is the “magic income” threshold for me?
How can I balance growth now while securing my future?
Are there smarter ways to structure my income and taxes?
What retirement options should I consider before selling or exiting my business?
The earlier you plan, the more options you’ll have—and the more confident you’ll feel about your future.
Final Thoughts: Your Business Is Your Legacy—Let’s Protect It
Running a business isn’t just about today—it’s about building a legacy that lasts. Whether you plan to pass your business down, sell it, or retire altogether, having the right Medicare, Social Security, and financial strategy is key.
If you’re a small business owner or sole proprietor in Cherry Hill, NJ, now is the time to align your income with your future goals. Don’t leave money on the table when it comes to your Social Security or Medicare benefits.
📞 Contact Medicare and Money Today
Want to know what your magic income is? Need help building a personalized plan?
📱 Call or text Kim T. Nguyen at (856) 639-2321
🌐 Visit us online at www.medicareandmoney.com
💼 Follow us on social media for updates, tips & events in Cherry Hill!
Medicare and Money
💚 We love small business owners.
💚 We love seniors.
💚 And we love helping you get the most from every dollar.
