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Independent Contractor vs. W2: What Physicians Should Know
For physicians considering a transition from W-2 employment to 1099 contracting, there are several financial planning considerations to evaluate. Physicians in specialties such as anesthesiology and emergency medicine, including those practicing in states such as California and Texas, may face unique considerations around retirement plans, disability insurance, and health insurance. There can be several advantages to 1099 work, including: • More control over when, where, and
Michael Caligiuri, CFP®
Oct 282 min read
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