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Checklist

The W-2 Escape Plan

Know Your Number Before You Give Notice

You've run the mental math a hundred times. You know you want out. But “I think I have enough saved” is a hope, not a plan. This checklist turns the leap into a calculated decision: your real runway, your real burn rate, and the financial pieces you need in place before you give notice.

For W-2 professionals earning $150K+ who are 6-18 months from going independent.

What's inside

The Runway

  • Do you know your actual monthly burn rate, not your guess but your real number?
  • Have you decided how many months of living expenses you need in liquid savings (not retirement accounts)?
  • Have you stress-tested your runway against a slow start to revenue?

Health Insurance

  • Do you have a specific post-employment health insurance plan: COBRA, marketplace, or a spouse's plan?
  • Have you priced the full annual cost of coverage into your runway math?

Entity Setup & Tax Architecture

  • Have you decided on your business entity, and do you know why LLC vs. S-Corp matters?
  • Do you understand how self-employment tax changes what you keep?
  • Have you set up quarterly estimated tax payments before your first invoice?

Retirement Accounts

  • Do you have a plan for your employer 401(k): leave it, roll it to an IRA, or roll it to a new plan?
  • Have you compared a Solo 401(k) and a SEP-IRA for your self-employment income?

Income Replacement

  • Do you have your first client or revenue source identified, not hypothetical but signed?
  • Have you calculated your personal break-even number (not your business break-even)?
  • Have you reviewed your non-compete or non-solicitation agreement with an attorney?

...plus personal financial architecture review, emergency fund separation strategy, partner alignment framework, and a milestone-based departure timeline.

Get the full escape plan.

17 questions that separate a calculated leap from an expensive mistake.

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