There is a reason that employers offer their workers 401ks, they work great and can help you save money for retirement. If you can’t invest into a 401k or want to invest some additional money on top of it you can also invest into something called an IRA. Together they make a great combination that can lead to a great future.
The social security program used to work very well. The people on the bottom paid for the people at the top and everything worked out ok. The bad news is that as the world ages there are more people at the top. It is a failing system that would be looked at like a pyramid scam if it wasn’t being done by the government.
Home business retirement differs from regular retirement from an employer. Business owners must keep very good accounting records. It will be up to the individual when they decide to retire. If it is before the required age operate a company, are generally younger than entire retirement age and they are getting ready to cease working, Social Security should know whether you can retire completely as well as whether you still prefer to work.