401(K) for Freelancers


Saving money can be difficult even at the best of times. When your paychecks pop up irregularly, and at odd times, it can be downright frustrating.

Lately, I’ve been struggling to pay down my credit card debt and cover all my bills. I’ve been unable to contribute to the mortgage since October, and I’m desperate to save up money for both a house and my career coaching certification. With so many things to save for, retirement can seem miles away.

Lord knows, though, I don’t want to be living paycheck to paycheck like this into my 90s. Which is why Freelancers Union’s announcement of a freelancers retirement plan is so intriguing.

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Coffee Break: Becoming Money in the Bank

coffee break

My husband battled his fears of eventual bankruptcy by supporting my decision to leave my staff job and pursue freelancing full-time. And when I succeeded in bringing in my former staffer income within half a year as a freelancer, I sort of wanted to wiggle my butt and point and scream “In! Your! Face!”

The only thing that kept me from doing so was the knowledge that I still had a lot of debt to manage…debt that I probably should have taken care of before leaving my job.

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