Page 34 - Work At Home Moms

costs on this can vary greatly, but it can be worth considering if you have
workers and an entire family to cover.

Insurance is merely an obstacle that stands in the way of self-employment. Explore
your options closely and you should be able to find a solution that works. Do keep
in mind that costs can vary greatly. It does pay to review all avenues and pick a
final route that provides the best coverage for the lowest possible investment.

READYING FOR RETIREMENT

While insurance is a big consideration, you shouldn’t forget about the future either.
If you will be leaving employment that offers retirement benefits or savings
vehicles, you’ll want to come up with ways to duplicate or even best the tools
currently at your disposal. You might lose that corporate match by flying solo, but
you can make sure you save for retirement as a self-employed worker.
Some of the options available to help work at home moms put away nest eggs for
their golden years include:

 IRAs
These retirement savings accounts can help you protect your savings from
taxes while you build for the future. IRAs do have contribution limitations,
but they can be a valuable tool to use as part of an overall retirement plan.

 401ks
This is another vehicle for retirement savings. The hitch with 401ks is that
they tend to be attached to the stock market, which means they can face
dramatic ups and downs. It might not be smart to use a 401k as the only
option, but they can serve as a good plank in a plan.

 Bonds
Although the earnings on these are not necessarily dramatic, they can prove
to be rather sound investments. Federal and municipal bonds can pay off
with good rewards in the long run.

 Stocks
Take care when using a portfolio as the only option because of the potential
ups and downs. Still, this is a plank worth taking into account.

 Other investments
Gold, real estate and other tangible investments can be considered as part of
a long-term investing package.