Money Rehab with Nicole Lapin
How to Save for Retirement If You're Self-Employed: No 401(k), No Problem
Mon, 14 Apr 2025
Today’s caller is living the freelance dream—flexible schedule, creative freedom, but… zero employer retirement benefits. If you’re self-employed and wondering how the heck you’re supposed to save for retirement without a 401(k), this episode is for you. Nicole breaks down the best retirement accounts for freelancers, how to reverse-engineer your savings plan, and how to turn “irregular income” into “regular savings.” Because yes, you can have a dreamy retirement, even without a W-2. To open your Traditional or Roth IRA today, go to public.com/moneyrehab Paid endorsement for Open to the Public Investing, Inc., member FINRA & SIPC. This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. Visit the IRS website for more information on the limitations and tax benefits of Traditional and Roth IRAs. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, member FINRA & SIPC. *Terms and Conditions apply. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. See public.com/#disclosures-main for more information. *APY as of 6/20/24, subject to change.
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Getting a change of scenery can really help inspire creativity in my work and has once or twice or maybe more cured my writer's block. Being away for work, for fun, or for both is a perfect opportunity to host your space on Airbnb. That way, not only do you get to experience a new part of the world, but you're also making money while you're doing it.
And if you think hosting is overwhelming, I have a solve for you. With Airbnb's co-host network, it is easier than ever before to host. Now you can hire a high-quality local co-host to take care of your home and your guests. They can do everything from creating your listing to managing reservations to messaging guests and providing on-site support. They can even help with design and styling.
Also, by hosting on Airbnb, you can become part of another family's story, maybe even their hero. As you know, I stayed in an Airbnb for months when my house burned down, and I truly do not know what I would have done otherwise. So if you've got a secondary property or an extended trip coming up and you need a little help hosting while you're away, you could hire a co-host to do the work for you.
Find a co-host at airbnb.com slash host. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. When you're making your financial plan, there is a very, very important person that you always need to keep in mind. Your future self who deserves an awesome, dreamy retirement.
Today, I'm talking to a money rehabber who wants to make sure they're on track for retirement. So today we talk about the different ways to reverse engineer your retirement goals and the different retirement accounts that can help get you there. Plus, I also give her my recommendation for which company to use when opening those accounts. So let's get into it.
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