Need help
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My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
StevenWalsh wrote:
...and i've heard some good and some bad things about them from a couple people in the office here.
Fact or fiction?
"Love people and use things, not love things and use people." - Unknown
"The brick walls are there for a reason...to stop the people who don't want it badly enough." - Randy Pausch
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StevenWalsh wrote:
...and i've heard some good and some bad things about them from a couple people in the office here.
Fact or fiction?
"Love people and use things, not love things and use people." - Unknown
"The brick walls are there for a reason...to stop the people who don't want it badly enough." - Randy Pausch
Well, the guy who told me it is one of my most respected role models... so i'd expect fact
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
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My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
Taxes do not work against you, they are tiered based on income. Unless you currently qualify for welfare no income increase is punitive. Second, job security. It doesn't exist. Take the position that has the highest cash/over time potential keeping in mind that if you quit in frustration that is a low cash over time. Does the biggest raise include benefits or is it cash only? The other two positions seem like full-time gigs which mean you have a total compensation package to consider. Open excel, convert everything into a cash basis and then it is easy to pick which one is the better choice. BTW, if you want to stay with the current company that would 10:1 match the second companies offer.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
Take the one in the middle. Too good is not realistic and too bad is really bad. Don't worry about taxes, just start a nice investment portfolio. An IRA at $250-$300 a month will help reduce the tax issue a little along with some long term mutual funds. If you do this every month from now on you will retire sometime between the age of 40-45. That's 20 years sooner than the norm. :)
My Blog: http://cynicalclots.blogspot.com
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My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
Usually, the best option is the highest-paying one. If you accept the job and hate the work environment, you can always change to a better environment as a wiser person. If you're 21, you might as well see what all sorts of different work environments are like, anyway, so you don't have to just depend on other people's opinions (although getting other people's opinions is valuable). Another thing to consider is what kind of work you'll be doing (mostly development with newer technologies vs. maintenance of older technologies). Your career options tend to be better in the long run if you mostly do new development with newer technologies.
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Taxes do not work against you, they are tiered based on income. Unless you currently qualify for welfare no income increase is punitive. Second, job security. It doesn't exist. Take the position that has the highest cash/over time potential keeping in mind that if you quit in frustration that is a low cash over time. Does the biggest raise include benefits or is it cash only? The other two positions seem like full-time gigs which mean you have a total compensation package to consider. Open excel, convert everything into a cash basis and then it is easy to pick which one is the better choice. BTW, if you want to stay with the current company that would 10:1 match the second companies offer.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest HemingwayEnnis Ray Lynch, Jr. wrote:
Taxes do not work against you, they are tiered based on income. Unless you currently qualify for welfare no income increase is punitive.
*cough*AMT*hack*
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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Ennis Ray Lynch, Jr. wrote:
Taxes do not work against you, they are tiered based on income. Unless you currently qualify for welfare no income increase is punitive.
*cough*AMT*hack*
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
From wiki Another way to avoid AMT liability is to stay out of the $150,000 to $415,000 income range. For example, it might be better to realize a $1 million capital gain all in one year rather than dividing it into two or three years. I don't think as a developer we are worried about this range in all but NYC and LA. My business expenses keep me well out of this range and I don't even stretch the limit.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
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Take the one in the middle. Too good is not realistic and too bad is really bad. Don't worry about taxes, just start a nice investment portfolio. An IRA at $250-$300 a month will help reduce the tax issue a little along with some long term mutual funds. If you do this every month from now on you will retire sometime between the age of 40-45. That's 20 years sooner than the norm. :)
My Blog: http://cynicalclots.blogspot.com
actually I already have started an investment portfolio :) I have several servers running an analysis on over 2000 stocks from the NYSE, then I tied it into Ameritrade's system with their API for automatic trading.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
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From wiki Another way to avoid AMT liability is to stay out of the $150,000 to $415,000 income range. For example, it might be better to realize a $1 million capital gain all in one year rather than dividing it into two or three years. I don't think as a developer we are worried about this range in all but NYC and LA. My business expenses keep me well out of this range and I don't even stretch the limit.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest HemingwayEnnis Ray Lynch, Jr. wrote:
Another way to avoid AMT liability is to stay out of the $150,000 to $415,000 income range.
hmmm, is that the victim range for couples? I tried projecting out the range from the prep worksheet with the 1040 a year or two ago and got a start-worrying level of around 75k.
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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My contract just ended, and currently I have 3 choices. First I can stay where I am, the company would like to keep me and did give me a $6,240 raise. The enviroment is very friendly, my team is great.. and i really enjoy it here, however I have another choice with a permanent position with benefits that would give me a $12,480 raise.... but its with a smaller company, and i've heard some good and some bad things about them from a couple people in the office here. Finally there's an offer for a contract that would give me a $33,280 raise (I interviewed for a level 1 developer position, but apparently impressed them so much they're offering me a higher position) so this would look the best on my resume I think, its the highest paying but it has one bad part. It also happens to be the one i've heard the worst about, in terms of how it is ran and the infrastructure they run on. Another thing i'm trying to keep in mind is i'm 21, and single so the tax's work way against me on the increase.
Einstein argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. -Fred Brooks
If you really like the company you're with, can you negotiate with them for a larger raise, something more comparable to the second company? In my experience, the higher the salary, the more is expected from you (i.e., all your free time, your soul, your firstborn, etc.). To some people, that's an acceptable trade, but to me, the lower salary is far outweighed by liking what I do and where I work.