How Freelancers Can Save for Retirement — in 4 Easy Steps

For the millions of Americans who are now part of the growing gig economy, there are myriad benefits to eschewing traditional employment: flexible hours, geographic flexibility, and career autonomy, to name a few.

Yet there are trade-offs too — especially when it comes to saving for retirement.

Among full-time gig economy workers, seven in 10 say they are unprepared to maintain their current lifestyle in retirement, while fewer than one third are regularly setting aside money for retirement, according to a recent survey on behalf of the online investment firm Betterment.

Read More: Time