The freedoms and advantages that come with being your own boss are undeniable. Nonetheless, self-employment has trade-offs, such as the lack of an employer-sponsored retirement plan. Many entrepreneurs feel like they’re missing out in the absence of an established 401(k).

Here are five things you can do to put your best foot forward in this next phase of your life.

Many tax-advantaged retirement accounts limit how much you can contribute per year. To maximize your tax savings, you’ll want to start early. One such account that everyone should consider is an IRA.

A question that lurks in everyone’s mind is, “How much money do I need to retire?” The following guide will reveal ways to estimate your retirement number and identify crucial factors often overlooked by future retirees.

While retirement may seem like a lifetime away for many, making smart investing decisions early is the best move to ensure you can retire comfortably down the road.