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Got a job offer!!!!!

September 8th, 2010 at 03:02 pm

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.

29 Responses to “Got a job offer!!!!!”

  1. MonkeyMama Says:

    That's great news!!!!! I hope it works out. If nothing else, an awesome savings opportunity.

    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. Wink

  2. PatientSaver Says:

    Ahh, a dose of reality...ugly taxes.

    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.

  3. PatientSaver Says:

    Here's a thought...

    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.

  4. NJDebbie Says:

    I so happy for you!

  5. Analise Says:

    Congratulations on your good news! I am very happy for you.

  6. Homebody Says:

    http://www.paycheckcity.com is a good site,but didn't you say contract? I made far less than that, more like $35,000 a year and my accountant had me put aside 30%. Self employment tax alone is 15%, is that not correct Monkeymama?

    That is good news though, just may need to save more for taxes than you thought. Congratulations!

  7. creditcardfree Says:

    Congratulations!! I'm excited for you. Enjoy the cash flowing in. Smile

  8. MonkeyMama Says:

    They will not pay you with a regular paycheck? (Actually, I was surprised my dad is getting paid as an employee, BUT this is probably due to strict laws in California. You can't work under someone's "control" and be "self-employed." I suppose it is likely that you are not so lucky in your state?)

    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!

  9. MonkeyMama Says:

    P.S. Do you do your own taxes? Make sure when you do your taxes that all the income is applied to the 4th quarter, so you are not penalized for lack of estimates. On penalty form 2220 you can designate which quarters you earned your income.

  10. PatientSaver Says:

    Wouldn't 3rd quarter taxes be due by mid-October? The last month in 3rd quarter is September.

    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.

  11. baselle Says:

    Happy dance, taxes or not! We definitely want to hear everything about estate planning.

  12. MonkeyMama Says:

    Hehe - you are assuming taxes are logical. Big Grin It's 9/15 - I can assure you.

    I shouldn't have said anything about taxes. Worry about those later! Big Grin

  13. sharmanl Says:

    Congratulations! I'm so happy for you.

  14. momcents Says:


    YAY!

  15. My English Castle Says:

    Such excellent news! Congratulations!

  16. dmontngrey Says:

    Yahoo!!! Wonderful news - congratulations! Smile

  17. Ima saver Says:

    I am doing the happy day of Joy for you! Congratulations!!

  18. FrugalTexan75 Says:

    That's fantastic news! WTG!

  19. retire@50 Says:

    good luck with new job

  20. Looking Forward Says:

    Yay! Congrats on the excellent opportunities! Smile

  21. CB in the City Says:

    Great news! Hope it is an easy adjustment.

  22. terri77 Says:

    Awesome, awesome, awesome!

  23. terri77 Says:

    Actually at $2,000 a week you'll be netting $8,667 a month since each month isn't exactly 4 weeks. So you want to factor in those extra 4 weeks a little every month.

  24. Candace Says:

    Congratulations on your new position, that is great and will help out a lot. Thanks for sharing and good luck with you new journey.

  25. Clippin2Save Says:

    Congratulations! I hope all goes well with the new job.

  26. scfr Says:

    Congratulations.

    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. Smile

  27. crazyliblady Says:

    Because your position is a contract position, you might want to sock away some extra in a liquid savings just in case it does not become permanent position in 2011. Sounds like a great opportunity to get your foot in the door. Congrats!

  28. miclason Says:

    sings:
    "I'm in the money, I'm in the money...."

  29. Dido Says:

    Very belated congrats on the job!

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