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by djks422
1529 days ago
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At $250k/year, you’ll be paying 24% Federal tax (up to about $325k, at which point it goes to 32%), so AWS would net you about $32k/year more (excluding state tax) for 250 to 500 hours more per year (5-10 hours/week * 50). That works out to between $128 and $64 per hour. If you take into account the 401k difference, these numbers might drop even lower. The Oracle job seems like a nonstarter since you’ll have to pay the self-employed tax (really just the 7.5% that your current job pays for you) plus benefits (which can be very expensive). It doesn’t seem like a financial step up. I’ve been a consultant for years because my spouse has a great job with benefits. I’ve been able to save up to $50k/year in a solo-401k and take of lots of time to spend with the kids (coaching, day trips, vacations). This freedom has been the MAJOR benefit of consulting, but again my spouse provided the safety net. What I haven’t mentioned is the tech stack. If you are in a dead end job, then you should definitely consider a change - if your position is eliminated (and it’s probably more likely than you expect), what could you do next? A sideways move now into a better career path could pay off in terms of safety (as in you could easily get another job). Being comfortable now could make life more difficult later. You’ll obviously need to weigh these options yourself, but the best opinion I’ve heard so far is to seek out a transfer within Microsoft that might give you the tech challenge/ experience without the uncomfortable changes the other jobs would require. Good luck! |
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