Retirement Planning 101
Studio teachers can learn to save for retirement
Are you saving for retirement? Better yet, are you saving enough? Self-employed musicians—studio teachers and gig performers, especially—often make barely enough money to get by. You may have a bit stashed away for an instrument or bow, or take the occasional vacation. But do you have savings to cover an unexpected event 20 or 30 years in the future? Not many musicians do. Nevertheless, retirement saving should be one important part of your monthly financial planning.
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