Older Self-Employed Workers and Planning for the Future‪.‬

This study examined retirement expectations of the older self-employed utilizing two theories: the normative anticipation of retirement and cumulative advantage theory. Two-thirds of the older self-employed had no retirement plans. Multinomial logistic regression showed that those with no retirement plans were more likely to he unmarried, in poorer physical health, with few resources, and more obligations, hut they expected to live a long time. Job skills programs and managerial training could improve the financial well-being of the older self-employed and enable them to plan for retirement. INTRODUCTION