Retirement Planning
The thought of retirement and having sufficient financial resources to live on is often disconcerting for everyone. For artists, it can be even more so, since many of us will have lived off of freelance income throughout most of our wage-earning years. We are fortunate to live in a country that provides some retirement coverage in the form of social security. Having additional retirement savings of your own will serve to enhance that. As described in Chapter 16, starting to save sooner rather than later benefits you, due to the effects of compounding. Earmarking some of your investment funds for retirement accounts will help you benefit from that the most. As an example, if you begin saving and investing $50 ...
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