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Freelancer Guide

Become a freelancer and earn more

Due provides a range of retirement options that help freelancers plan for their futures. We keep it simple: save each month and earn 3%, with no hidden fees, all the way to retirement.

Become a freelancer

Stay on track

Your freelance life begins now

Check your progress at any time and watch your contributions grow.


With Due, you always know how close you are to your retirement target, and we help you calculate the amount you need to save each month to meet it.

freelancer personal finance

What is a freelance retirement plan?

At Due, we know that freelance life can be a rollercoaster. Projects are unpredictable and no two months are ever the same. That’s why we keep your retirement plan simple and flexible.


Reduce your contributions when demand is weak. Boost them when you land those big gigs. Track your growth and always get a 3% interest rate until you retire.

Freelance Taxes Made Simple

Freelancers want to work, not work on their taxes.


Due’s simple retirement plans make keeping your books straightforward. Deduct your contributions and see how much you’ll earn when you’re ready to stop taking gigs.

Receipts for Taxes
Freelancer Working

Why choose Due for your freelance retirement fund?

As a freelancer, no one is going to plan your retirement for you. There’s no 401(k) and no pension. Preparing for your post-work life is down to you—and you’re busy!


So at Due, we make it simple. Applying for an account is free and takes about two minutes.


The whole process only takes a few minutes more. In less than the time it takes to prepare a pitch, your retirement plan can be up and running.

State of the Freelance Community

Freelancing is not just a U.S. phenomenon, but is now spreading around the world
There are approximatly 53 million freelancers in the U.S. contributing $715 billion in earnings to the national economy
12% of respondents were 60 or older, and 12% were in either their teens or 20s. The largest represented group in the survey was the 30 - 39 segment (26%), closely followed by freelancers in their 40s (25%) and 50s (25%).
56% of freelancers fall into the $20 - $59 per-hour range.
80% of all workers in the U.S. surveyed (including full-time employees) said they would do work on the side if it came to them to earn extra money.
There are 5 primary segments for Freelancing. These include independent contractors (40% of freelancers), moonlighters (27%), diversified workers (18%), temporary workers (10%) and freelance business owners (5%).
Writers on average get $58 - $82 per blog post written.
Designers on average get $52 - $90 per-hour range.
The majority of freelancers are women (71.1%) while men comprise 28.9%.
Get Started
Applying for an account is free and
takes less than 2 minutes



Are you tired of waking up everyday, sitting in traffic, and listening to an unappreciative boss screaming at you, or putting you down and saying that you aren’t doing enough. Do you also have a set of skills that are unique and could be used to make money on your own?


If you can answer yes to both of those questions, then congratulations. You may be ready to begin thinking about embarking on the exciting and fulfilling freelancer journey.



How much should I save each month?

Salaried workers with 401(k) plans aim to max out their employers’ matching contributions. As a freelancer, you won’t have matching contributions, and you can’t even be sure what your last salary will be. Aim to save enough to be able to live on 4% of your total savings. If you need $50,000 to live on in retirement (not including Social Security), you’d need to save $1.25 million. That 3% compound interest rate is going to be very important!



What retirement funds best suit freelancers?

Retirement funds come in a variety of different forms, with different benefits and different advantages. At Due, we offer annuities, pensions, and 401(k) plans. While 401(k) plans are best used by employers looking for a way to help their employees, there are versions available for the self-employed. Annuities let freelancers swap a monthly contribution or a lump sum for a monthly payment in the future. Pensions give retirees a fixed return.

All of those plans will suit a freelancer.


When should a freelancer retire?

Freelancers are in the enviable position of being able to adjust their own workload. They can take their pension and supplement a fixed income with part-time work at a rate that suits them. But the age at which they start taking distributions will affect the size of those distributions.

Any distributions taken before the age of 59.5, for example, will come with a penalty. Delaying Social Security after the age of 62, adds 8% each year until you start receiving payments at the age of 70. At the age of 70.5, you must start receiving distributions from any pre-tax retirement plans.

The right age for you will depend on how much you want to live on, and how much freelance work, if any, you want to do after retirement.


Can freelancers ask clients to pay into their retirement funds?

Employers expect to pay into their employees’ 401(k) plans. Freelance clients? Not so much. When you prepare your estimates, include the cost of maintaining your own retirement fund. Collect that money from your client and pay it into your fund. It’s the only way to be sure that your retirement pot is growing.


My freelance income is variable. Can I adjust my contributions?

Yes! You’re in charge. Freelance life can be feast-or-famine. When money’s tight, you can reduce your contributions but do make sure that you bump them up again to make up any shortfalls when work builds up again. Track your account to make sure that you always know how much you should be saving.


Can I keep working in retirement?

Of course. As a freelancer, you can choose how much work you take on and how many hours you want to work each week. But don’t use that flexibility as an excuse not to save. The choice of work hours you perform in retirement should be one you make out of passion and desire, not out of need. Save now. Save regularly. Earn that 3% interest rate. Then decide how much you want to work—or not!


Is $300,000 enough to retire in my fifties?

Only if you’re going keep working part-time. You can’t take Social Security until you’re 62, and if you take 4% of your fund in distributions each year, you’ll have an annual income of just $12,000 a year. You’re still going to have to put in a lot of work hours each week.


Are freelancers good at saving?

No one is good at saving! The average American family has about $40,000 in liquid savings. Between the ages of 55 and 64, those savings rise to $57,200, and reach $67,700 between 65 and 74. People with higher education tend to save much more. The only way to be good at saving for your future is to take control and do it.


Why should I use a retirement fund instead of a savings plan?

A savings account at a bank will now barely pay enough to beat inflation. It’s unlikely to pay enough to compound and turn into a pot large enough to pay for your retirement. Contributions to retirement funds are also tax-deferred. You can make your contributions with pre-tax dollars and pay no tax until you retire.


To help guide you along, here is the Ultimate Guide to Freelancing. This will teach you everything you need to know to make money as a freelancer and help you retire early.

Chapters - Freelancer