When Kathleen Keating worked for IBM, she didn’t think much about her retirement plan. She signed up for the company’s 401(k) and left it at that.
But at the age of 40, she decided to leave the corporate world and become her own boss. That meant coming up with her own retirement savings plan as well.
What she found was surprising. Working for herself for the last nine years allowed the Boston-area public relations professional to set aside thousands of dollars more per year for retirement, reducing her income tax bill substantially, while giving her more options about when and how to invest.
