Comment Retirement (Score 1) 613
There are more provisions saving for retirement than for the employed. I use a SEP IRA. This is like an IRA or 401K but the limits are much higher. 15 percent of your gross. But you have to be careful about the rules. I think, but I'm not sure that if you're "elegible" for a 401K during the year you can't do this so if after 6 months they want to bring you on as an employee and it's in the middle of the year, you'd probably lose your chance at a SEP IRA or Keogh.
So you may want to insist on whole years as a contractor, ie 2005.
Also I doubt they'd give you a great rate but be careful there are expenses that you should consider. Health care is the biggest but dont' forget self employment insurance and if your state requires it Workman's comp insurance. The good news is that lots of things become deductable.
Best of luck
Andy
So you may want to insist on whole years as a contractor, ie 2005.
Also I doubt they'd give you a great rate but be careful there are expenses that you should consider. Health care is the biggest but dont' forget self employment insurance and if your state requires it Workman's comp insurance. The good news is that lots of things become deductable.
Best of luck
Andy
