How to Prepare Retirement Funds for Freelancers?

[Suba]

Unlike employees who will receive pension benefits in old age, as freelancers we also want to be able to live a decent and prosperous life in old age where naturally our productivity levels have decreased. Freelancers also have to think about meeting current needs, while our income is uncertain, and as freelancers we also don't have bonuses or allowances. So that freelancers don't become pessimistic or worried about old age, how do freelancers prepare retirement funds?

 

[Kirubel]

In my country the government gives small money for those who are retired, and the money comes from the salary they used to make they government cut's small amount of money when they are active worker and give that money every month.

 

[Goldynn89]

Generating passive income source is a good retirement plan for freelancers, preferably long before they are ready to retire. This gives the investments time to mature and the investor has time to figure everything out on time.

 

[Augusta]

You would still need Calculate your estimated retirement income needs, including housing, healthcare, travel, and other expenses, to determine how much you need to save.

 

[Springtime]

As a freelancer, I have a savings and investment plan for my retirement. This is necessary because in our city, the government does not provide pension to elder people.

 

[Starmix]

It's better for an individual to apply for a retirement plan in a private company so when he or she reached the retirement age there is a ready pension. The individual could also target a retirement investment, a long term investment that guarantees good money during retirement.

 

[Augusta]

Yes it is to Start saving, keep saving, and stick to plan.

Know your retirement needs and
contribute to your retirement funds

 

[Starmix]

It's better to set aside a sufficient amount for the retirement fund. It's crucial to retire without money to spend daily. In my case, we are automatically deducted from our salary for retirement.

 

[eLdavis]

You can get a saving plan that will help you save, then at the same time having a source of passive income is also a good way to secure your retirement.

 

[Starmix]

A freelancer may not have a good earning in a month, so she or he should do something for the retirement fund. it must be remembered that one's age does not stay static but goes onward every year.