I'll admit, it wasn't until this year that I really started to think about what is going to happen when I get older. How will I be prepared for retirement? Why didn't I think of it before? Because I am still relatively young and retirement seems an awfully long way away. It isn't though. Think about it, you are planning for the rest of your life. The years when you get to live out dreams and take it easy. That is, if you have planned well for it and actually have money to live on. So, how do you do this when you work from home?
{The Disadvantage of Working from Home}
I have worked as an independent contractor for other businesses or for myself almost my entire adult life. Therefore, I have not had the benefit of paid retirement programs and you can bet Google isn't going to hand me a retirement check each month when I get ready to hang up my blogging shoes. There's no doubt that there can be some disadvantages to working from home for yourself, but there doesn't have to be.
{Start Saving for Retirement}
This article with tips on planning for retirement from CNN Money goes into an in-depth explanation about the different steps that can be taken starting today to help you save for the future. I have found the Genworth Financial, Plan for Living Workbook to be a great help in creating a plan for my future. It definitely won't happen overnight, but I feel better now knowing that I have an idea of how to create a cushion for myself during retirement. I used to think it was impossible unless you held a traditional style job, but I am glad to find out I was wrong.
Do you work from home? How have you started to save for retirement?
Kathleen is a homeschooling mom of four boys with a serious case of the Wanderlust bug. Her love of travel extends to her children, and has resulted in the family visiting 48 states to date, and traveling nearly a third of the year. She is the owner of LifeWith4Boys.com where you will find information on Family Travel, recipes, reviews, lifestyle and more.
I'm fortunate in that my husband has always had a job that includes a 401K. On the side though we both contribute the maximum amount to a Roth IRA every year too.
Before switching to self employment, I worked many years for a large telecom co and have my 401k and pension from there. Had I worked from home all along, I'm not sure I would have had the discipline to invest like I should.
I am in same boat, I am setting up a private pension plan but did leave it quite late, being a one person house hold it is hard to pay bills and also save.
That challenge had been mounted by Israeli-based Teva Pharmaceutical Industries Ltd - the world's largest chocolate-maker, Barry Callebaut, which would have been extremely pronounced within the therapy of erectile dysfunction, farmacia on line.
I've worked for myself for a long time, too, and my husband does contract work (pays his own taxes, insurance, etc.) for the past 10 years, so we have to save too.
whoops! time for a reality check! I'm a freelancer and honestly I have never worried about retirement either..maybe I should now! thanks for the useful link.
14 comments
totally need to plan more.
ReplyDeleteThis is something I'm always thinking about
ReplyDeleteI'm fortunate in that my husband has always had a job that includes a 401K. On the side though we both contribute the maximum amount to a Roth IRA every year too.
ReplyDeleteBefore switching to self employment, I worked many years for a large telecom co and have my 401k and pension from there. Had I worked from home all along, I'm not sure I would have had the discipline to invest like I should.
ReplyDeleteI am in same boat, I am setting up a private pension plan but did leave it quite late, being a one person house hold it is hard to pay bills and also save.
ReplyDeleteVery good tips
ReplyDeleteThanks for the reminder!
ReplyDeleteThat challenge had been mounted by Israeli-based
ReplyDeleteTeva Pharmaceutical Industries Ltd - the world's largest chocolate-maker, Barry Callebaut, which would have been extremely pronounced within the therapy of erectile dysfunction, farmacia on line.
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I'm actually kinda thankful for blogging because it's allowed me to generate an income for saving to a retirement fund!
ReplyDeleteI do set aside some funds that I earn from blogging to put toward our savings, however retirement as a whole still makes me nervous!
ReplyDeleteI need to start planning and setting money aside. It has to be done for my future.
ReplyDeleteI've worked for myself for a long time, too, and my husband does contract work (pays his own taxes, insurance, etc.) for the past 10 years, so we have to save too.
ReplyDeleteI always think about retirement plan. But still I don’t have any idea about that. Thanks for your tips.
ReplyDeletewhoops! time for a reality check! I'm a freelancer and honestly I have never worried about retirement either..maybe I should now! thanks for the useful link.
ReplyDelete