Author Topic: Got paid $7.2k to quit my job!  (Read 2247 times)

familyFIguy

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Got paid $7.2k to quit my job!
« on: June 08, 2017, 12:29:34 PM »
Hey everyone!

Something really awesome happened recently that I wanted to share with you all! Im quitting my job in a week to pursue 3 months of education and a career as a data scientist. Also, were having our third child in July. I currently have health insurance through my work, but we have my wife and kids on private plans (WAY, WAY cheaper, btw).

I emailed my insurance guy and told him that my income would be dropping to $0 between now and November and he said that we were then eligible for free healthcare and the cost of the birth would be covered (boom!). Also, my company is paying out my accrued vacation.

Free birth:   3,500
Free insurance for wife and kids through November:   2,082
Vacation payout:   1,640
Bonus to QUIT my job!               7,222

Whoop!

Now of course in the end it will be cashflow negative as Ill have no income for a few months, but Ill make it up with the new career and come on an extra 7k is pretty dope!

cantgrowone

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Re: Got paid $7.2k to quit my job!
« Reply #1 on: June 08, 2017, 01:45:57 PM »
Great job on pursuing a different field and putting in the time to educate yourself. Also, great job saving money.

Who's your insurance guy? I need to get in on that deal.

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bigalsmith101

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Re: Got paid $7.2k to quit my job!
« Reply #2 on: June 08, 2017, 02:48:37 PM »
Keep in mind, that at the end of the year, if your gross annual income exceeds the subsidy limitations, you'll owe money for that "free" insurance.