Self-employed face a retirement crisis

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 18-12-2013

But many of these budding entrepreneurs, and even the people who have owned their businesses for years, are part of a growing problem: They aren’t saving for retirement.

TD Ameritrade’s Self-Employment and Retirement Survey found that 40% of the self-employed are not saving regularly for retirement, and 28% are not saving at all. The problem plagued all age groups: 29% of Generation X and 32% of Generation Y who were self-employed are not saving for retirement.

Self-employed face a retirement crisis. USA TODAY