In the past, have children who worked as a Civil Servant being the dream of all parents. In fact, this type of work would be getting more points in the eyes of prospective in-laws. Perhaps, this public opinion is formed because of the retirement facility for a civil servant.

Meanwhile, one of the global trends in the world of work these days is more and more individuals choose to work as a freelance (part time) rather than full time working. At least this phenomenon has occurred in developed countries.

But there is one more factor that is very important, financial markets are now very modern. Creation of modern investment instruments can reduce the negative impact of fluctuating incomes and pensions in the absence of freelance work. Family financial management with the use of modern investment instruments can make as safe a freelance job with a steady job.

In terms of retirement planning for freelancers, the first thing that must be taken into account is how spending per month currently. If we assume we will run the same lifestyle when we retire later, then this expenditure will be adjusted for inflation 20 or 25 years from now when we retire. After that we will know the needs of pension funds and can count the number of monthly investments to be done.

It should be remembered also that the illustration above has assumed that the need for an emergency fund and insurance are met. If both these requirements are not met then the financial planning is more comprehensive and detailed to be done.