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Ep #183: $380K in W-2 vs. $380K in 1099

Author
ER Doc Advisor
Published
Tue 16 Apr 2024
Episode Link
https://moneytalkforerdocs.libsyn.com/ep-183-380k-in-w-2-vs-380k-in-1099

ER docs tend to think of their income in shifts. We tend to think of it more from an after-tax perspective. In other words, we’re interested in how much ER docs get to keep, after taxes. So strategizing around that bottom line instead of simply working shifts can make a big difference not only on the perception of working, but also for wealth building.

On today’s episode, we’ll provide a simple breakdown and comparison between the two income types and the take-home they both receive off the same gross salary.

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