It’s intimidating to make the transition from W-2 to 1099. I assure you that it’s a bit of work upfront, but once everything is in place, it’s just a matter of doing the job.

With a conservative approach to personal finance, taxes, and contracts, you won’t regret the decision. Leverage your advantage with a great team, a strong professional network, and the plethora of resources to guide your transition.

This is your locum road map and criteria for deciding if locum work needs to be in your future. Not all locum work is equal. There are many factors at play when deciding a new career path.

These are the major expenses of a traveling CRNA. If you are considering 1099 work, these are areas and costs to consider. Adjust these numbers to your location to compare W-2 and 1099 packages.

How money enters and exits my LLC as a locum CRNA. This speaks to approximate taxation, payroll, retirement, expenses, and distributions. Enough to give you an expectation when you decide to make the transition to self-employment.

The locum lifestyle can set up a CRNA for retirement in 5 years. Yep, 5 years of locum work pays for a middle class lifestyle. Amazing for those looking to end the need for earned income.

I have been a full-time traveling locum for over a year now. If you are considering locums, you may find this post helpful regarding expectations. Over the year, the TFC family changed how we travel, where we stay, and what assignments we accept. The lessons are seemingly endless, just like the current locum work.

Transitioning to 1099 contractor work seems intimidating. This entry acts as my checklist to getting started. It’s everything you need to cause trouble and allow your focus to remain on medicine.