Prepare for retirement as a freelancer

Retirement » Prepare For Retirement As A Freelancer

Independent workers need to plan
Independent workers need to plan © Andresr/

The modern workplace has changed markedly, with many workers calling the shots by doing contract work or freelancing. At the last official count, roughly one-third of the working population -- or about 42 million Americans -- operate as independent workers, according to the Freelancers Union.

While this freelance economy has brought the freedom to kick irritating bosses and restrictive company rules to the curb, it also has meant saying goodbye to perks such as employer-sponsored retirement plans and matching contributions. Freelancers and so-called solopreneurs must take retirement preparation into their own hands, a task that requires both financial discipline and a realistic life plan.

Here are five ways freelancers and other independent workers can prepare for retirement and secure their financial future.


Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.


Jennie Phipps

Luxury loans for the well-heeled

Personal loans are making a comeback -- especially for those who have good credit and a big back account.  ... Read more

Partner Center

Connect with us