The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: lvbhappy on March 14, 2016, 11:46:27 AM
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I am thinking about switching from full time staff RN, to a prn (work as needed) RN without benefits ( I have health insurance through my husband). The benefit is I can get a much higher hourly rate (close to if not more than $40/hr compared with $30/hr), pick my own schedule. The hospital is short so I don't fear not having hours, but the prn position would not come with access to a 401k I believe. So my question is, if you don't have an employer provided option, what is the best way to put money away in one. I have two prior 401ks through Fidelity, one for around $34k and one for $1500 from previous employers. And my apologies if this is actually pretty simple, numbers/investments don't make sense to me very easily.
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The short answer is "you don't. They're specifically employer-provided."
The long answer is that if you're self-employed, there are a few different retirement accounts out there, including Solo 401k (https://www.nerdwallet.com/ask/question/independent-contractor-start-roth-traditional-ira-11667). I don't know if you're talking about being a 1099 independent contractor (and therefore self-employed) or a part-time W-2 employee, though. If the latter, nothing at that link is useful to you, and we revert to the short answer.