5 big money mistakes freelancers make
Yahoo! - 12/12/2015
Not putting money away for retirement. Many people are guilty of this. In fact, last March, the National Institute on Retirement Security released a study revealing that nearly 40 million working-age households have no retirement savings at all.
But it can be even more difficult for freelancers to save for their golden years when hampered by health insurance premiums and an often-sporadic cash flow.
But it’s so important for freelancers to do, says Coleen Pantalone, professor of finance at Northeastern University in Boston. “Set up retirement accounts and contribute regularly. You may not want to be working when you are 80,” she says.