Submitted by nottoodrunk t3_118c73e in massachusetts
Really considering making the switch to 1099. I’ve briefly talked it over with a former coworker that’s been running his own consulting thing for a while. The money would be significantly more than what I make now (at least a 75% bump on a full year worked), but the other bits that come with it like having to file taxes every quarter, getting and paying for my own insurance / retirement vs company provided, and the more volatile nature of being a consultant or contractor are giving me some reservations. I don’t have kids or any other dependents for what it’s worth. Has anyone made the jump and loved it or regretted it? Industry is pharma / biotech.
nattarbox t1_j9g9uol wrote
My partner and I have both been self-employed for a bit, I do love it and will have a hard time going back to a regular job.. Flexibility for travel/vacation offset the annoying parts.
Here's a few tips that helped me: