strategy Royalties And Residuals – A freelancer/independent contractor retirement option

[Eric Lyon]

As most of you are already aware, freelancers/independent contractors are just on the outside of the cusp for retirement options. Many freelancers/independent contractors have to invest in their own medical insurance and generally don’t have a 401k or pension to fall back on when they retire. This is where royalties and residuals play a very important role in compensating for that or even becoming a supplemental income in addition to a pre-existing pension.

The sooner a freelancer/independent contractor starts thinking about their retirement, the easier the transition will be later. Don’t wait until the last minute, projects/contracts come and go, however, royalties and residuals are forever. Start building it up now in your spare time.

Whether you are a new freelancer with no retirement plan or already retired with a pension and looking for supplemental income, you should take your retirement income seriously. Way too many people wait until the last minute to consider their retirement options and find themselves struggling as they reach retirement age. Don’t let that be you! Get started building your future early...

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[Eric Lyon]

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