Ben Franklin closeup from money 21 percent of gig workers also save in an employer-sponsored plan, since 17 percent of independent workers also have a regular employer. (Photo: Shutterstock)

Traditional workers—those with an employer who get W-2s—are saving for retirement, but so are independent or gig workers (72 percent compared with 56 percent of gig workers).

As might be expected, a T. Rowe Price survey of traditional and independent (gig) workers finds that among gig workers, the predominant method of saving for retirement is an IRA, at 40 percent—while traditional workers, predictably enough, rely on employer-sponsored plans (68 percent).

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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