I have a friend who was self employed in the auto business. He made lots of money and spent it on all kinds of cool stuff. He then sold the building and payed off all his depts. He failed However, to pay himself. You know wright himself a check every two weeks and do the withholdings and all that. Now he's retired and has to work and just barely makes it. If he had started his retirement from the day he started the business he would have had at least 800,000 saved. FICA and an IRA can be a great blessing when we are sixty five and don't want to cut grass any more.