The last few years have witnessed a surge in self-employed and gig-economy workers, reaching its peak roughly a year after the short-lived pandemic recession. Some self-employment ventures waned, transitioning into side gigs once businesses began hiring again. However, many entrepreneurs have experienced great success and have contributed to the overall economic recovery by fostering innovation and job creation.
Self-employed individuals should consider initiating a retirement plan as early as possible, given the absence of employer-sponsored plans like 401(k)s. Establishing a retirement plan not only helps secure their financial future but also provides valuable tax benefits. Of course, the sooner one begins, the more time there is for investments to grow through compounding over the years.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.
