Accepted the Offer

I verbally accepted the offer with one condition – they have to have some kind of tax-deferred retirement account available by the end of the year.  I ran some numbers, and if we can’t sock away my contribution tax-deferred, we’ll owe about $6000 more in taxes per year (and without being able to lower my taxable income, I can’t deduct any amount contributed to an IRA because Dad has a 403(b)).  Those extra taxes combined with the piss poor salary offer and benefits basically causes me to lose almost 30k/year in compensation – from what I’m making now – which is well below what I should be making.

I haven’t signed any paperwork, so I have no idea if I technically have a job on Monday. I’m at home today (taking as much of my personal leave as I can before it disappears – except I’ve pretty much spent all day dealing with this crap…)

I will however be actively looking for another position which pays better/has better benefits.  Won’t hurt to have *some* money coming in while I look….  And if your company is looking for a CISO or CISO type position, let me know via e-mail (mom at mydomain) 🙂

Update 30-May 5:30pm: my boss is making up the PTO issue – we’ll be paid out what PTO we had accrued – I had 5 weeks, so I’m getting a bit more than a month’s extra money out of it – a nice start to our long term emergency fund.

5 thoughts on “Accepted the Offer

  1. plantingourpennies

    I hate it when companies try and deny/delay 401K access and act like it’s no big deal. I had what could have been a decent offer from another company but without 401K or match in year 1, and a crappy match thereafter (and they didn’t mention that until I specifically asked), I would have been out ~$10K in the first year until I became 401K eligible. Not to mention they wouldn’t tell me what the benefits were for an apples-to-apples comparison without signing a binding agreement. If you want to hire someone smart, who makes information based decisions, be prepared to give them the information they need and not mess around.

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    1. Mom Post author

      They were surprised that it was a sticking point for me. Hello – it shelters us from about 6k in taxes!! Of course it’s a big deal!

      Reply
  2. donebyforty

    Agreed with Mrs. Pop on the delayed 401k nonsense. Like you noted, losing out on that tax-deferral is a huge deal.

    Reply
    1. Mom Post author

      I *think* we will be able to take advantage of the traditional IRA deduction (our AGI should be below 181k this year) – but that’s only 5500 that’s sheltered instead of 17500…

      Reply

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