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What are your plans for retirement? How are you doing it?

Hi everyone!

I would like to have some advices for retirement. I work on my own 100%. What would be the best thing to do for a therapist that works independently?

Thank you in advance for all your ideas!

Angela.

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Permalink Reply by Julie Onofrio on December 7, 2009 at 8:26pm

I am creating websites that bring income in monthly that will hopefully be still doing that in retirement!

Julie

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Permalink Reply by Susan G. Salvo on December 8, 2009 at 10:42am

Save 10% of EVERYTHING you make and sock it way.

(I actually save 20%, but 10% is min.)

To do this, you may have to consider yourself as a creditor.

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Permalink Reply by Erica Olson on December 8, 2009 at 11:06am

*nod* As my father once told me, "You can always learn to live on 10% less."

. . . granted, life has been handing me a lot of lemons over the past eight years or so, so I currently have more lemonade than savings, but I'm getting there.

Susan G. Salvo said:

Save 10% of EVERYTHING you make and sock it way.

(I actually save 20%, but 10% is min.)

To do this, you may have to consider yourself as a creditor.

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Permalink Reply by Susan G. Salvo on December 8, 2009 at 2:31pm

And before you start saving for retirement, be sure you have about six months worth of living expenses in a liquid account for "a rainy day."

The BEST BOOK EVER on money is The 5 Rituals of Wealth by Tod Barnhart.