posted 7 years ago
This issue may have come up before and if so, please just nestle it under an already-existing thread. The discussion is in relation to employment within the USA.
After taking early retirement, I was glad to be able to come back and work as a part-time temp. The annuity from the years of full-time work is being deferred to a later date in order to avoid early-access penalties. In order to supplement the income stream until that time and until social security kicks in, I sought part-time work (in order to devote more time to the farmstead) and found it rather quickly within the organization that I had worked with on and off for many years. For reasons of time flexibility and management, the income for the part-time work is a bit on the low side, but quite adequate for the lifestyle at this point.....with one exception. The work is somewhat heavy on computer work and word-processing and the organization is not in the habit of providing laptops for employees of my current status. I begin to wonder if it would not be better to actually become an 'independent contractor' for my services, assuming this would be acceptable to the employer. [Creating a 'home office' probably is not an option given our living situation.] Although, as a "self-employed" individual (correct for independent contractor???) this would dump the responsibility of taxes into my lap (I'm already paying for my own health care), it would open up the possibility of purchasing a computer as a business expense along with possibly other expenses incurred with getting to and from the location of work (???). Many of these questions clearly might be answered on any number of other websites, but I'm interested in a Permies perspective where one is juggling....mentally, physically, emotionally....a farmstead and outside flexible, part-time income stream. Is there some reason that just staying employed would be better than becoming self-employed? Given the scenario as outlined, any grave pitfalls of self-employment that I may be missing? Thanks!
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