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Off Topic : 1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
2) How much and which schemes to invest to mitigate the risk?
3) How much do we need for retirement? Tata Consultancy Infosys Mindtree IBM Wipro Capgemini Cognizant HCL Technologies
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To better answer that question: what were you paying out of pocket for health insurance as a contractor and is the 401k match even good? What is the salary difference?
If I were to look externally for a job I would add the difference between what I would pay for health insurance, the difference of what the 401k match is, and my employee discounts to my salary and not take less.
Just calculate the cash value of 401k, health ins, etc, that you would pay out of pocket as an hourly worker. And then compare the two totals.
Hourly contractors make bags of money.
I agree with most of what has been said. I just want to add, do not undervalue stability in a FT job. The coming recession is going to be rough.
If it’s really coming as you predict, being an FTE will likely not have any bearing on layoffs.
I agree with the other comments but also consider the type and price of health insurance specifically. Happy to take a look at the benefits to make sure they are a good fit for you.