According to our 2016 Freelancing in America report, 41% of freelancers rank saving for retirement among their top concerns – and yet full-time freelancers are less likely to put money into retirement savings than full-time employees.
This is partially because of barriers to getting started, but also due to not having a retirement vehicle flexible enough to accommodate the saving needs of the freelance workforce.
With this in mind, we’re pleased to announce that we have partnered with Honest Dollar to offer members access to new retirement benefit options.
Honest Dollar makes retirement savings easy for freelancers and entrepreneurs who want to take control of their retirement. Honest Dollar offers individual retirement account (IRA)-based savings programs which provide long-term investment accounts with different tax advantages that stay with you no matter where you work.
Through the partnership, Freelancers Union members will receive a special discounted rate. Members can open an account in minutes on the Honest Dollar app or website – without paperwork or account minimums – and begin investing with the first deposit, as well as set recurring contributions.
We hope this partnership offers you a savings option that is flexible, easy-to-use, and affordable.