Terminated
#51
I don't know about your area, Jonas, but around here the IT world seems to be staging a bit of a recovery. Some of the big Job Fairs are back for the first time in years, and consulting rates are a lot higher than they were last year.
Back in the early '90s, when SAP was the next big thing, my brother-in-law worked as a consultant. He made $500-600k/yr. His friend decided to be the person who handled all the paperwork and scout out new contracts. A year later, he had 20-25 people working in the SAP world, and charged clients a lot of money for them. He was pulling in $40-50,000 a week at that point.
Back in the early '90s, when SAP was the next big thing, my brother-in-law worked as a consultant. He made $500-600k/yr. His friend decided to be the person who handled all the paperwork and scout out new contracts. A year later, he had 20-25 people working in the SAP world, and charged clients a lot of money for them. He was pulling in $40-50,000 a week at that point.
#52
Originally Posted by Legal Bill,Jun 21 2006, 10:27 PM
as usual.
#53
Thread Starter
Well, after meeting with my financial advisers, I've got them working on stuff like what to do with the severance pay for the short term before I need to access it, rollover of the 401K, finding me health insurance so I don't have to pay the exhorbitant COBRA rates, and how I will pay for the new Honda Fit later this summer (that's non-negotiable - when I start work, whatever/wherever it is, unless it's at home I need reliable transportation).
Back to packing up the PCs, printer, scanner, etc.......
JonasM
Back to packing up the PCs, printer, scanner, etc.......
JonasM
#54
Jonas I know you are a responsible family guy, and you probably already know this, so it's just a reminder from a friend, Make sure you don't cancel whatever insurance you have before signing up with a new carrier, even if it means you need to pay for COBRA for a short time.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
#55
Thread Starter
Originally Posted by Lainey8484,Jun 22 2006, 03:50 PM
Jonas I know you are a responsible family guy, and you probably already know this, so it's just a reminder from a friend, Make sure you don't cancel whatever insurance you have before signing up with a new carrier, even if it means you need to pay for COBRA for a short time.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
JonasM
#56
For you, I'm happy to put in my .02 any time.
#57
Originally Posted by JonasM,Jun 22 2006, 02:51 PM
I'm well aware of that, Lainey, but thanks for looking out for me.
JonasM
JonasM
#58
Originally Posted by Lainey8484,Jun 22 2006, 02:50 PM
......even if it means you need to pay for COBRA for a short time.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
Often, a lapse of insurance for only a week or two will allow the new carrier to determine many things a 'Pre-existing condition" creating many headaches.
Morale of story: If your current provider has been acceptable, your best bet may be to bite the bullet $$ and keep your coverage thru Merritt.....at least for a few months. You might also be able to downgrade the plan....as I did. Health insurers would to have an interruption in your coverage.....giving them a chance to play the Pre-Existing Condition game
#59
Originally Posted by JonasM,Jun 22 2006, 02:38 PM
Well, after meeting with my financial advisers, I've got them working on stuff like .......rollover of the 401K.....
Not only has it grown nicely, but the old company has continued to kick in more $$ every year! Apparently, they have to make the same % contribution to all accounts....whether or not there has been an employee contribution
In any event, there is no rush b/c you can have the funds directly transferred AT ANY TIME to an IRA, etc. If your 'financial advisor' works on commi$$ion (rather than fee-based), she may have a $elf-interest in getting you to tran$fer to a load-mutual fund IRA for which she is an agent
#60
Originally Posted by paS2K,Jun 22 2006, 01:31 PM
Unlike the usual VSA comment, this one was very politely phrased.