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Respected Contributor
meem120
Posts: 2,320
Registered: ‎03-09-2010

Severance Update

‎07-23-2014 09:39 PM

Hi Everyone Just wanted to let you know the outcome. My wonderful boss is giving me $33000.00 as my severance/ bonus/ parting gift. Don't know what to call it anymore now!! I am thrilled and so happy. But most of all so glad to to be appreciated for my 33 years of service He said his success is my success also. Very very nice
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Honored Contributor
tansy
Posts: 14,121
Registered: ‎01-02-2011

Re: Severance Update

‎07-23-2014 09:39 PM

Good news!!
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Honored Contributor
terrier3
Posts: 13,954
Registered: ‎03-10-2010

Re: Severance Update

‎07-23-2014 09:40 PM

Congratulations...how wonderful.

Enjoy your retirement!

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Honored Contributor
missy1
Posts: 8,179
Registered: ‎03-10-2010

Re: Severance Update

‎07-23-2014 09:42 PM

WOW! Do you get taxed on it?

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Respected Contributor
Big Sister
Posts: 3,279
Registered: ‎05-15-2010

Re: Severance Update

‎07-23-2014 09:43 PM

He did the right thing and he knew you deserved that amount.

Congratulations for the happy ending.

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Super Contributor
Qwackertoo
Posts: 2,234
Registered: ‎03-11-2010

Re: Severance Update

‎07-23-2014 09:47 PM

I'd be tempted to turn in a W4 with 99 dependents because the bite of taxes IF it is given to you lump sump is going to be way too much . . . unless he has other plans for distribution. Might want to check with the payroll clerk or supervisor.

And CONGRATULATIONS!!!! It is great when you get to work with good people who treat you right!!!

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tansy
Posts: 14,121
Registered: ‎01-02-2011

Re: Severance Update

‎07-23-2014 09:48 PM

What is the gift limit now for taxes?
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Valued Contributor
Marp2
Posts: 1,320
Registered: ‎01-31-2012

Re: Severance Update

‎07-23-2014 09:53 PM

Congratulations mcall. I'd like to suggest that BEFORE you collect the money you consult with an accountant to see how you can minimize or defer taxes.

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Honored Contributor
Tinkrbl44
Posts: 39,812
Registered: ‎08-23-2010

Re: Severance Update

‎07-23-2014 09:55 PM

Yeeeee - haaaaaa !!!!

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Honored Contributor
Bird mama
Posts: 41,530
Registered: ‎03-12-2010

Re: Severance Update

‎07-23-2014 09:56 PM

I'm very happy for you McCall

There are many elements: wind, fire, water
But none quite like the element of surprise
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