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Old 05-24-2010, 08:20 AM   #21
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TromboneAl's Avatar
Join Date: Jun 2006
Posts: 11,018
My questions are this- if you ever changed from being a regular employee to being a consultant (or a spouse/ SO did), what drove the change, and what factors would you consider for making the change?
I did that back in 1982. I had been planning to jump ship, but then my decision was forced by being laid off. I was then hired by the company for consulting work.

The biggest concern is the up and down nature of the income. If your spouse has a steady income, that helps enormously. Other benefits include the ability to save lots for retirement in a sheltered SEP-IRA account, and to have a health care plan that allows you to deduct medical expenses (may be different now). Another downside is extra worry.

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