. I got a job offer today, contingent on my passing the background checks, which will be no problem.
I spoke with the recruiter and will meet with her for the first time tomorrow to give them a voided check for direct deposit and fill out a bunch of forms.
She expects I will start in a week or week and a half.
I haven't even met the hiring manager (!), nor have they asked for references.
This is the full-time contract job that will last the rest of 2010 and then I would presumably and hopefully renegotiate my salary for a perm position with the company for 2011. My hourly pay will be $50 an hour x 40 hours = $2,000 gross a week.
Sing with me now, "I'm in the money, I'm in the money...."
I have emailed my contact at the other place I interviewed at and explained my situation and that if an opportunity existed for me at their company, I would need to know fairly quickly.
In the event they came through with an offer as well, I doubt it would be as highly paid as the first place, but if it was competitive and a decent offer,I might just go with them becus that job is a perm job while the other one is a contract job with no guarantee it'll go perm in 2011, although that's the plan and they don't think there will be a problem.
So I'll be curious to see if I hear back from the 2nd company, one way or the other.
September marks my one-year anniversary of my layoff in 2009. A year is a long time not to have worked, so you can imagine my delight and excitement at the thought of landing such a high-paying job.
Still, it's going to be a demanding job and I have all the usual feelings of nervousness about whether I can do it. The commute is longish (45 to 50 minutes) and I'm sure it will be an adjustment working for such a large company (about 2,000 people in this location).
But anyway, i spoke to my friend,my father and my mother about it and now i'm telling you! It was all I could do to restrain myself from yelling outside from my front door step, "I got a job!"
Soon, I will be an expert on all things estate planning-related.
I have been living like a pauper for so long, but you know what? I don't plan to change things much once I start; I plan to sock away the max, although 401k eligibility won't happen til 2011 if all goes well.
Got a job offer!!!!!
September 8th, 2010 at 10:02 pm
September 8th, 2010 at 10:19 pm 1283984383
I didn't expect the explicit detail I got from my parents (they probably figure I will see the details when I do their taxes), but my dad's current contract position pays about 50% more than fair market for salary. I was talking to them the other day and asked, to make sure I Wasn't exaggerating in my last reply. I suppose every job is a little different though. But, certainly a nice windfall after a long unemployment stint. I know in my dad's case, it will easily make up for the time he was out of work. Though his taxes will be UGLY if he stays contract very long. Yours too.
September 8th, 2010 at 10:34 pm 1283985299
Let's see, I'll probably start Sept. 20 and that would mean working 15 weeks in 2010. At $2,000 a week, that's $30,000 gross for the remainder of the year. I guess I should definitely plan on doing estimated tax payments for the 3rd and 4th quarters, right?
There's about $1775 in freelance writing I did earlier in the year which I need to pay taxes on; maybe I'll do that for 3rd quarter too, plus the 2 weeks i'll have worked for this new company.
But i understand the self-employment tax will still take a bite out of my gross.
Well, now i see that a roth ira conversion this year wouldn't have offered any advantage as far as a lower tax bracket, so, in hindsight, i'm very glad i instead chose to pay a chunk of my mortgage off.
September 8th, 2010 at 10:39 pm 1283985579
At $2,000 a week I'll gross $8,000 a month, probably net $6,000 a month? I only need about $3,000 a month to live on. OK, to breath a little, let's allow $4,000. That leaves me with $2,000 I could put toward my mortgage payments each month, or a total of an extra $6,000 toward principal.
September 8th, 2010 at 10:43 pm 1283985808
September 8th, 2010 at 10:53 pm 1283986389
September 8th, 2010 at 11:25 pm 1283988335
That is good news though, just may need to save more for taxes than you thought. Congratulations!
September 8th, 2010 at 11:27 pm 1283988470
September 8th, 2010 at 11:40 pm 1283989215
I don't think this year will be so bad. But, next year, maybe...
Yes, SE tax is 15%-ish. Just put a chunk aside, just in case.
Oh, since you are only mostly working the last quarter, just do 4th quarter taxes - due 1/15. You can pay the state by 12/31 for a tax deduction (if you have state taxes). Looks like you get a pass for Q3 - which is fair since those are due next week!
September 8th, 2010 at 11:41 pm 1283989291
September 8th, 2010 at 11:54 pm 1283990060
Maybe i can have them take taxes out. It's an independent contractor position so not sure how it works. I guess I'll find out tomorrow.
September 9th, 2010 at 12:00 am 1283990447
September 9th, 2010 at 12:20 am 1283991601
I shouldn't have said anything about taxes. Worry about those later!
September 9th, 2010 at 12:50 am 1283993453
September 9th, 2010 at 02:06 am 1283997983
YAY!
September 9th, 2010 at 03:15 am 1284002152
September 9th, 2010 at 05:00 pm 1284051616
September 9th, 2010 at 05:46 pm 1284054361
September 9th, 2010 at 06:02 pm 1284055329
September 9th, 2010 at 08:09 pm 1284062948
September 10th, 2010 at 03:46 am 1284090396
September 10th, 2010 at 12:46 pm 1284122785
September 12th, 2010 at 07:46 pm 1284320810
September 12th, 2010 at 08:07 pm 1284322055
September 13th, 2010 at 08:40 pm 1284410452
September 14th, 2010 at 12:57 am 1284425863
September 16th, 2010 at 02:59 am 1284605956
Re the estimated taxes, they aren't truly quarterly. Instead, they are:
1st payment (due April 15)
2nd payment (due June 15)
3rd payment (due Sep 15)
4th payment (due Jan 15 ... actually Jan 18, 2011 this year)
Looking forward to your predictions on what is going to happen with estate taxes.
September 19th, 2010 at 07:05 pm 1284923145
September 27th, 2010 at 06:13 pm 1285611230
"I'm in the money, I'm in the money...."
November 20th, 2010 at 02:47 pm 1290264471