Self-employed professionals enjoy the flexibility, control, and creativity an independent career offers, but the challenge and uncertainty of planning for retirement is a common concern. At a traditional job, you have the benefit of built-in retirement options, but this field can be more difficult to navigate on your own.
Fortunately, there are a number of solutions available. The right one for you will depend on a number of factors including your personal goals and income level, which you can discuss with a financial advisor. Here is a summary of the retirement options available to independent contractors. Answer the questions in the infographic below to discover which one is best for you.
As an independent consultant, you love what you do. Years of hard work and dedication to your craft should earn you the opportunity to take advantage of a relaxing retirement. The last thing one would want to encounter, however, is new uncertainties and challenges. This blog takes a look at how independents can appropriately plan (and prepare for) retirement.
Solo 401(k) for self-employed professionals: everything you need to know about solo 401(k) contribution limits, advantages, and disadvantages.