Is it better to be an Independent Contractor or Employee?
I am at a crossroads in my late 40s. I consider myself to be a late bloomer. I am about to graduate with my Bachelors and starting my Masters in January. For the past 10 years I have been working as a freelancer and an independent contractor. I started my business officially recently and have been working as an independent contractor.
It is kind of challenging to balance family life, school, and business, so I am not sure if I should continue to on this path as an independent contractor or seek full time employment to create more stability and less stress. I value my independence working for myself, but it is stressful to jump from one project to the next, search for new ones, not knowing when the next one will come along.
I need to make a decision quickly because I would like to be more financially secure by retirement age, which is not so far away.
I would like to get some advice on which way to go...Independent Contractor or Full Time Employee. What is the best way to go in your opinion?