4. Invest 15% of your income in retirement savings.
Start putting 15% of your gross household income into a 401(k) or Roth IRA.
27
161 reads
CURATED FROM
Few best personal Finance tips that no one might give you before! TATS PODCAST | S2E144
open.spotify.com
8 ideas
·1.75K reads
IDEAS CURATED BY
19 | Generalist, Content Creator, Student at Christ University. Stashing about entrepreneurship, self-help, spirituality and the most interesting stuff I read.
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Related collections
Similar ideas to 4. Invest 15% of your income in retirement savings.
Retirement savings
As a freelancer, you are solely responsible for your retirement.
Ensure to budget for yourself in this regard. Opening up an IRA or Roth IRA seems to be the obvious step.
Tax-advantaged accounts can help
You can take advantage of the tax-sheltered retirement accounts like 401(k)s and IRAs.
- If you qualify for a Roth IRA, use it. The Roth IRA will come back to you tax-free when you're older.
- If you contribute to a 401(k) account, at least 5 percent will be matched from your e...
Saving up For Retirement, Together
- Firstly, save up for the emergency fund, which is three to six months of expenses, and set it aside. After that, least 15% of your combined gross household income should go towards your retirement, once all debt is cleared.
- If only one of the partner works, you still can save up for...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates