While gig work offers flexibility, it has a significant downside: no employer-sponsored retirement benefits. For millions of freelancers and other independent workers, this means taking retirement planning into their own hands.
“The biggest retirement mistake gig workers make is not saving for retirement,” said Chloé A. Moore, a certified financial planner, founder of Financial Staples, and part of Investopedia’s advisor council. While a significant challenge, there are more and better retirement savings options specifically for independent workers than just a few years ago.
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