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Reply to "Switching from salaried to contractor or consultant"
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[quote=Anonymous]I work as an independent contractor. I did this so I could be part time and manage easier with school breaks etc. I will flat out say that I could not manage working FT with the school breaks, holidays, etc. I was losing my mind. I have been doing this job for almost 8 years, have one client that keeps me running and work 20-30 hours a week. You need to compensate for your rate plus all the taxes you have pay, pay them quarterly, and figure out how you want to save for retirement etc. I have a SEP IRA. Also remember things like vacations, holidays etc are unpaid, so add that into your rate. I have my own equipment and a very flex schedule. I really like it. [/quote]
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