Monday, June 1, 2009

the severance

So I guess I should add some explanation of my severance. I got 13 weeks pay plus a $4500 “bonus”. Comes out to about $15000 before taxes. Unfortunately it’s taxed at about 40%, so I’ll end up getting about nine grand. I should get some of that back since it’s such a crazy-high rate. I get to keep my health insurance for 18 months of cobra, for which Nike will pay. Plus, I still have a few hours a week, a bit of unemployment, and in a few months, I’ll get $7000 from the gov for the first time homebuyer credit. Course, $4600 of that will end up going back to my parents the pay them back for my down payment loan. But no matter what happens, I’ll be fine for about 4 or 5 months, minimum. That is a big thing for my piece of mind. If it weren’t for this cash, I’d be seriously FREAKING out, like mental breakdown style.

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