When you’re self-employed, there are days that retirement sounds like a dream come true. Others, it feels like a pipe dream. It’s normal to feel overwhelmed at the thought of dropping your income and living solely off a savings account. Whether you’re the sole provider for your family or you bring in the secondary income, you can prepare to retire the way you want by starting now.
Contribute To A Roth IRA
If you’re self-employed and run a small business, it’s highly likely that you don’t have a 401(k) that you’re able to contribute to each month. You’re also not getting the company match because, well, you are the company. There is a strong alternative to a 401(k) in a Roth IRA. [Read more…]