Introduction
The Importance of Retirement Planning for Self-Employed Individuals
Retirement planning is a crucial aspect of financial security, particularly for self-employed individuals. Unlike traditional employees who often have access to employer-sponsored retirement plans, self-employed individuals are solely responsible for their retirement savings. This means they need to be proacti
ve and strategic in their approach to ensure they have enough funds to sustain their lifestyle during retirement.
Moreover, self-employed individuals often have fluctuating income, which can make consistent saving a challenge. However, with the right planning and discipline, it is possible to build a robust retirement nest egg. Understanding the various investment options