Retirement Benefits in the Gig Economy

Glancing through a newsletter that I recently received from an investment advisor, I happened upon the following article:

From the July/August 2020 issue of In The Know issued by the Nye Financial Group

This summarizes the problem for the 50+ workforce pretty well. Through the non-profit EncoreNEO that I am involved with we are presenting the option of freelancing and self-employment as a solution to the difficulty that this group has in finding traditional employment. One of the topics we cover is financial solutions for the freelancers/self-employed.

I have found the following books to be helpful in providing an overview of this topic: The Gig Is Up by Olga Mizrahi (Greenleaf Book Group Press, 2018); The Gig Economy by Diane Mulcahy (American Management Association, 2017); The Freelancer’s Bible by Sara Horowitz (Workman Publishing, 2012).

The Gig Is Up: Thrive in the Gig Economy, Where Old Jobs Are Obsolete and Freelancing Is the Future

More to come on this subject, including potential legislative changes to assist self-employed workers to deal with the issue of obtaining these benefits outside of the traditional employer-provided environment. Watch for the next post.

Published by Dave the HR Compliance Guy

Human Resource and legal professional specializing in HR compliance advisory services

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