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But what if you only work side hustles?
When it comes time to withdraw, then you wont have to pay federal taxes.
You could also go with a traditional IRA, where your earnings grow tax-deferred, Cirksena said.
Even if youre not optimizing for taxes, investing is critical.
If you put aside $750 per month for 30 years, that would equal $270,000.
Investing in general is always a great way to prepare for retirement.
Open up investment accounts and make contributions to them regularly.
And spread your investments across various assets, Cirksena said.
You dont have to get stuck on what to invest in either.
So you dont need to be an employee to take advantage of automatic deductions.
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