6 Ways the Self-Employed Can Prepare for Retirement
Self-employment brings the joy of being your own boss. It also brings freedom in terms of your future retirement because you don’t have an employer dictating when and how you should retire. However, without the safety net of employer-sponsored retirement benefits, preparing for retirement requires a focused commitment to saving and planning.
Nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Aegon Center for Longevity and Retirement (ACLR) conducted a survey of the self-employed. In the U.S., only 25 percent say they are either “very” or “extremely confident” that they will achieve a comfortable retirement. Moreover, the survey finds that most are not doing as much as they can to prepare themselves.
In an article from The Self Employed, Catherine Collinson discusses six different tips on how to start saving for retirement if you're self-employed.
Read here.