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Retirement saving tips for the self-employed There are a variety of vehicles to consider

Source: nhbr.com - Jul 3, 2017

The choice to become self-employed can be a fulfilling journey but it comes with many responsibilities. Entrepreneurs just starting out are in control of virtually every aspect of their business, which includes their retirement. If you are self-employed or thinking about making the leap, make sure you prioritize your own financial future. Begin by exploring retirement plan options available to you.

If you are self-employed, you need to make retirement saving part of your routine. Although it may be challenging to determine what your salary is – and therefore what your retirement savings will be – make it a priority to set aside money each month. Even a modest amount can make a big difference in the total amount of your nest egg. Once your income is more consistent, consider increasing your contribution.

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Category: General Business