[RickM]

This is timely as I've been a corporate employee for 27 years.

I was well into six figures and suddenly layed off. I was offered and accepted an excellent opportunity, but as a 1099 consultant.

I spoke to my brother-in-law who is a very experienced CPA here in NJ. He stated that I don't need to incorporate and that it would be more costly to do so. Self employment taxes do suck but, as mentioned, the write- offs I'm entitled to will more than make up for that.

Definitely not as cushy as a corporate exec but I'll likely do much better without a finite annual income.