For those who’ve gone from a W-2 to a 1099, was it worth it? I got an offer to work as an independent contractor instead of an employee, and the pay is much higher, but no benefits. I’m trying to figure out if the trade-off is worth it. If you’ve made the switch, was it a financial win in the long run, or did the lack of benefits eat too much into your income?

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It really depends on your situation. I went 1099, and while the higher pay was great, I had to factor in self-employment taxes, health insurance, and retirement savings. If you’re disciplined with money and can set aside for taxes/benefits, it can be worth it. Just make sure you’re truly making enough to cover what you’re losing from a W-2 setup.

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Hi both, do you mind sharing how you got the contract positions? Was it through linkedin recruiters or websites or word of mouth? In the past I have seen Indian boutique consulting firms place people for contract positions and taking a cut. But these were not for senior or middle management positions. Thanks.

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