Tag "retirement savings"
Being self-employed gives you a certain degree of freedom but it shouldn’t give you a reason not to save for retirement. Since you don’t have the benefit of an employer helping you save for retirement, you need to do most of the legwork yourself.
Tweet The 2010 U.S. Census reported single adult women outnumbered married adult women for the first time ever, due to such factors as their increased earning potential, changed sexual norms,
Tweet But what happens to the fourth person? They probably saved but did not tuck away enough to see them through the coming years. According to statistics, 50% of workers
Tweet Retirement is a dreaded word. The thought of spending more hours thinking about how to make two ends meet is scary indeed. The image of homeless persons adds to
Retirement is a time when an individual stops employment completely. However, semi-retirement (reducing work hours) is still an option.
Many retirees have some kind of savings that were accumulated over the years; but for low income workers, they may retire with little or no savings, leaving them to rely mainly on Social Security benefits and financial help from loved ones.
When it comes time to retire, no one wants to worry about their finances as they make the transition to a fixed income.