Retirement Plans for Full-Time Freelance Writers

[SuzieQueue]

If you're a full-time freelance writer, how are you planning for retirement? Do you plan to write until your arms give out or your brain turns to mush? Or do you have a plan to turn your freelance writing into passive income to support you in your golden years?

[Kiernansmom]

I do plan to write until I'm old! But I'm also working toward opening a Roth IRA to save for retirement.

[SuzieQueue]

Originally Posted by Kiernansmom

I do plan to write until I'm old! But I'm also working toward opening a Roth IRA to save for retirement.

Will you be putting a specific amount of your monthly writing income into your Roth IRA or will you take on an extra writing job and put all income from that extra job into your retirement fund?

[Kiernansmom]

Originally Posted by SuzieQueue

Will you be putting a specific amount of your monthly writing income into your Roth IRA or will you take on an extra writing job and put all income from that extra job into your retirement fund?

I'll just be putting in money whenever I can, but eventually I'll likely have a predetermined amount deposited into it. That will probably have to wait until both kids are in school and I can work more. My husband does put extra into his 401k for now, since he knows I don't have my own retirement account yet.