One of the biggest differences between being an independent contractor and a traditional employee is that you are responsible for building your own retirement fund. While Social Security can provide a foundation of retirement income, it is rarely enough by itself to support the lifestyle most people want. Every inspection you complete is an opportunity to invest in your future. Consider setting aside a portion of each payment into a retirement account or other long-term savings plan. Even small, consistent contributions can grow substantially over time through the power of compound earnings. As you build your inspection business, remember to build your retirement savings as well. Your future self will thank you for planning ahead. Save some money for retirement as Social Security does not provide a lot of income.