V
iews
BY RICHARD CHEW
C hews
How to Plan for Retirement When You’re the Boss
1ST CAPITAL TOOLS YOU CAN USE
pring
baseball,
and Easter
are here and at this time of year, so many people are prepping for taxes. They’re also trying to figure out what they can do to better to help their future retirement. More and more people are balking at traditional jobs and becoming entrepreneurs, freelancers, or digital nomads. If you work for yourself, you can still plan for retirement.
Here are a few ChewViews and 1st Capital Wealth Management Group’s financial lifestyle items those who are self-employed, run small businesses, work for an employer that does not offer a retirement plan, or just the young person not yet exposed to retirement planning.
Being self-employed makes putting money away that much more crucial. Unlike an employee who might have access to a 401(k), you’re on your own. Consider using a retirement account for not only a cushion, but also a tax-advantaged way to reduce income in your high-earning years.
S