A Proposal for Freelancer Retirement Security

In the landscape of work, freelancers have become a formidable force. Their flexibility and diverse skill sets are reshaping how we think about careers. But with this freedom comes a significant oversight: retirement planning. It’s a subtle, often overlooked aspect of freelance life, and I have an idea that might just be the solution. Currently, freelancers navigate their retirement savings much like solo sailors in the vast ocean of financial planning. Options like the Simplified Employee Pension Individual Retirement Account (SEP IRA) and the Self-Employed 401(k) exist. The former suits those with fluctuating incomes, allowing contributions of up to 25% of net annual earnings. The latter, a solo 401(k), is a haven for individual business owners, offering higher contribution limits and tax benefits. Yet, despite these options, many freelancers find themselves adrift, managing their savings independently, or not at all. <a href="https://medium.com/@theinsightfuleconomist/a-proposal-for-freelancer-retirement-security-c39c6f8282b1">Click Here</a>