Owner-Operators vs. Company Drivers: The Truck Driver’s Guide to Retiring Early
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The post Owner-Operators vs. Company Drivers: The Truck Driver’s Guide to Retiring Early appeared first on 24/7 Wall St..
Truck drivers occupy two very different tax universes. Company drivers get a W-2, a payroll-split FICA tax, and access to whatever retirement plan the fleet offers. Owner-operators run a small business, owe the full 15.3% self-employment tax, and choose their own retirement vehicle. Early retirement is possible from either seat, but the levers you pull are almost nothin
Truck drivers occupy two very different tax universes. Company drivers get a W-2, a payroll-split FICA tax, and access to whatever retirement plan the fleet offers. Owner-operators run a small business, owe the full 15.3% self-employment tax, and choose their own retirement vehicle. Early retirement is possible from either seat, but the levers you pull are almost nothin
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