Retirement future is not all doom and gloom for freelancers with the right plan.

Many retirement studies and researches have warned that the average American does not save enough to live comfortably during retirement. Most studies, however, focus on the average corporate employee, with an employer-sponsored 401(k) and most of the time, an employer-matching contribution. The group that attracts less focus but faces higher risk are freelancers.

Being a freelancer means flexible work hours, but also unstable income. The lack of a traditional office setting also comes hand in hand with the lack of a retirement plan in place.