Russ Lay earns no income from the music business. Instead, my company, CCI, bills clients for music, photography, design, video, printing, copy...everything we do.

I take minimum profit disbursements when needed, but leave funds in business accounts when appropriate, delaying taxes until funds are actually paid to me.

I retired from a large electrical manufacturing corporation. Social Security and retirement, without any "side" income leaves me very comfortable. The "side income" is where the toys come from.

I feel sorry for younger people who work for organizations that do not have a defined retirement plan, and for lots of my musician friends who simply didn't or couldn't sock enough away to be comfortable in later years. That's why making a significant contribution to the New Orleans Habit project for displaced musicians is so important to me.

And Gary could always get a reverse boat mortgage, or a canoe (LOL).

Think of the muscles he'd have after his next trip down south(LOL)!


Russ