Freelance Forecast: 54% of freelancers make financial mistake

Like this post? Please share it!

In examining the recent results of the Freelance Forecast 2010 survey, one particular answer shocked me: 54% of the respondents said they did not contribute to any retirement plan in 2009. (Even 46% of those who’ve been freelancing for 10 years or more didn’t contribute.) There might be some reasonable explanations—bad financial year, already contribute the max to a spouse’s account, already independently wealthy, want to keep freelancing forever, want to pay more taxes—but it still gives me pause to think that freelancers make a major financial mistake by not adequately preparing for the future. [Read more…]

Like this post? Please share it!