As a single father of three, planning ahead is paramount in a semi smooth sailing life. Planning for retirement as a self-employed realtor is just as crucial for securing your financial future as well as your families future, but often gets pushed to the back burner. Start by setting specific retirement goals, estimating your desired retirement income, and factoring in potential expenses. Consider opening a retirement account like a SEP IRA or Solo 401(k) to benefit from tax advantages and save consistently. Contributions to a Traditional 401(k) are pre-tax, which means they reduce your annual taxable income. However, when it’s time for the funds to be distributed they are counted as taxable income. Contributions to a Roth 401(k) are made after tax, which means they aren’t taxed when they’re distributed. Diversify your investments beyond real estate to spread risk. Regularly review and adjust your retirement plan as your income and circumstances evolve. Consulting a financial advisor can provide tailored guidance for a secure retirement."