Independent contractors enjoy many benefits working for themselves. Unfortunately, there are also some downsides, including a lack of pension or employer RRSP contributions, as enjoyed by some employees of large corporations and public sector organizations. This doesn’t mean that you can no longer retire, or that you must wait longer to retire, but that you need to plan your finances differently to achieve your retirement goals. In fact, the nature of your work also means that you may enjoy partial retirement much earlier than the average person!
That being said, we’re curious to know when most independent contracts plan to retire. In this month’s contractor quick poll, we’re asking how old you plan to be when you finally fully retire from work and start enjoying a quieter, less hectic life.