>I can just save over the next few months the best I can and we’ll just wait longer,

This is the only smart way. You can put it on a card to get points, but only after you have the cash to immediately pay off the balance. Also, don't make your engagement ring a "big purchase".

NGL, $25k wouldn't have been enough for me to switch unless I had seen concrete plans that my previous concerns about longevity/stability of the company had been addressed. That's barely 15% and if there's no succession plan in place and something happens in the next few months? Yikes.

I'd stick where you are.

The question you have to ask yourself is if you were worth the counter offer, why weren't they paying you that in the first place?

The second question is that if you do take the counter, now that you've received a 20% increase, what are your next few annual increases going to look like? Will they be normal or will they cut back and say "well, we did give you that nice bump in 2023...".

My dad was a senior exec for a Fortune 500 company for decades. He always used to say that any employee that accepted a counter offer would be put on a dead end track because he knew they were a "flight risk". Couldn't trust them with "critical" projects because they couldn't be 100% trusted. While the working world now is very, very different than when he worked it's something that still sticks with me.

Its possible but not likely. My boss for instance almost left the company for an offer but stayed after a counter.

My husband was offered considerably more but in a small industry that he would be burning large bridges moving in.

If your new boss passes tomorrow, will it be hard to find a similar paying job? If the answer is no, then go where you are happy.

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First priority should be stability. How worried are you that the company run by the 80 year old could leave you without a job or any type of income stress.

Second is the type of work, clearly you like that old place better.

The move seems like a good choice but since the reason you left is still the same doesn't make sense to go back.

Hard question to answer but I do have recruiters hitting me up often

I hate to say but it seems like you made up your mind.

But if you are looking for a little advice, from reasons you established, I'd stay at the current company and learn the software. The only problem is that by accepting the other company and if you were to accept the counter offer, it would 100% put a target on your back for HR and if you aren't able to cut it you are first to go.

How hard is it to get a job in your field?

I guess in my situation its a no brainer for me not to sign up for the promo my CU is offering for atleast 5 months.

Whatever the current rate on that new account is. They will (should) send you a reminder that it's coming due. Then you will have about 10 days depending on their language to do something with it penalty free.

Fine print says that after 5 months that it will convert to Soar Money Markets Accounts. What do i need to watch out for after maturity that would make me want to move the money out.

Thank you. I just checked my bank's website about the promo and it only mentions early withdrawal penalty, minimum balance of 1k to open, and that after 5 months that it will convert to Soar Money Market Account.

Good for short term. Be aware of grace periods auto renewal. Very likely they will renew it to something paying next to nothing if you don't do something with it in 5 months.

5% is very high for a short-term CD. Just make sure that it's only 5 months, there aren't limits, etc., and you'll be good

Thank you u/nkyguy1988. Is that a decent return for a CD?. Lets just say i dont have any plans to use the funds in the next year or so. Are there any better options for me?.

The 5% is based if you held it 12 months. For 5 months you will earn 5/12 of that amount. That works out to about 2.08%, or about $200.

Sell it all and go have the time of your life while you’re still here!

Ally seems pretty popular, so seems fairly user friendly?

You can go to Legal zoom and have a living will. List exactly as you wish. If you 100K is with a savings or checking, ask your bank if you can name a beneficiary and then make sure list then on your living trust and will. Legal zoom is fairly reasonable priced.....

Holy crap! That’s kinda insane lmao. I pay around 2k for rent but I also live in the Bay Area so it’s big sad

Because it's not a need. The smarter answer is to continue driving your car that's perfectly fine. Getting into the payments game is a dangerous field.

So i would have had to initiate the rollover and empty the traditional IRA account by 12/31/2022 and since I did not do that I am basically out of luck for a 2022 backdoor Roth.

Well, that sucks but not the end of the world...lesson learned.

The monthly expenses of $2500/month includes the rent. We got real lucky with this place. It’s one of the reasons I’m not in a hurry to buy - covers lawn care, snow removal; we don’t pay home insurance or property tax.