The article discusses how retirement planning differs for self-employed individuals compared to those in traditional employment, highlighting the unique challenges they face. With over 16.8 million self-employed people in the U.S., many are unsure how to approach retirement savings amidst irregular incomes and the absence of employer-sponsored 401(k) plans. The author reflects on their own experience navigating retirement options while questioning if the classic retirement model still applies, and if their goals have shifted as a result of self-employment.
The traditional retirement model doesn't apply to self-employed individuals, whose irregular incomes and lack of employer benefits complicate retirement planning.
Self-employed individuals often question whether their financial needs in retirement have shifted compared to their previous corporate jobs, impacting their retirement goals.
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