Self-Employed

Self-employment brings freedom, the opportunity to be your own boss, the flexibility to set your own hours, and the ability to work on your own terms. However, self-employed workers must take a do-it-yourself approach to saving for retirement and obtaining insurance coverages such as health, disability, and life insurance because they generally do not have access to employer-sponsored benefits.

Transamerica Institute and Transamerica Center for Retirement Studies have conducted extensive research and surveys of the self-employed including sole proprietors and freelancers, contractors, and gig economy workers. The research provides actionable insights and recommendations for the self-employed to enhance their financial well-being and long-term retirement outlook.