Episode 365 - W-2 to 1099 - What to Know Before Consulting
From Secure Your Retirement by Radon Stancil, CFP® & Murs Tariq, CFP®
May 4, 2026 · 29 min · Episode 365
About this episode
The episode discusses the transition from W-2 to 1099 income and its implications for consulting and retirement planning.
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important transition from W-2 to 1099 income and what it really means to become a 1099 contractor. Whether you're considering Consulting income as part of a career shift, semi-retirement, or exploring Consulting after retirement, understanding the differences between W-2 vs 1099 is critical. This shift impacts everything from how you receive income to how you handle Estimated taxes, Tax deductions, and overall Tax strategy—all essential components of effective Retirement Planning and Financial planning for retirement. Listen in to learn about the key financial and tax implications of earning Consulting income, including Quarterly tax payments, Estimated taxes, and the realities of managing your own income stream. If you’re planning retirement or building a retirement checklist that includes self-employment, this episode will help you better plan for retirement, avoid costly mistakes, and create a path toward retiring comfortably and secure your retirement. In this episode, find out: The key differences between W-2 vs 1099 and what it means to become a 1099 contractor How Consulting income impacts…
People in this episode
Hosts: Radon Stancil, Murs Tariq
Topics covered
- W-2 vs 1099
- Consulting income
- Tax strategy
- Retirement planning
- Self-employment
Keywords
- W-2
- 1099
- consulting
- tax deductions
- estimated taxes
- retirement planning
- self-employment
Mentioned in this episode
Organizations: Secure Your Retirement
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