I verbally accepted a settlement at mediation. Can I back out now?

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[@alkarimshariff2720]

Your show gives the best ideas what to expect and what not to on a wrongful termination case

[@Country-boy517]

I love this guy, he doesn’t take no days off. Super consistent.
👍👍👍

[@ProSePlaintiff]

This guy did take a day off. He is no saint. He is a lawyer.

[@jeaneverson3070]

Your channel has great value. TY for your time and support.

[@jeaneverson3070]

I have a question on another one of your videos if you get a chance ,TY!

[@charlesjohnstone2155]

Unless they are paying you substantially NEVER NEVER NEVER sign a non disclosure agreement.....also dont immediately sign their first offer....and yes I once verbally accepted an offer but then they wanted a non disclosure/general release signed and the actual settlement amount was NOT in the actual agreement. I rejected the verbal agreement because nothing was signed.

[@alkarimshariff2720]

Yes it does, gives u a tool to prepare I am still waiting for a mediator with my case, can lawyer settle between lawyer I mean defense lawyer and plaintiff lawyer

[@hectorgomez9825]

Settlement via w2 vs 1099 keeps more money in your pocket and less for the taxman?

[@repealMurphysLaw]

Not exactly. The biggest difference between W2 and 1099 is HOW taxes are withheld. For W2, taxes are withheld before you receive the income. Taxes are not withheld up front for 1099 income, which means more money in your pocket now. HOWEVER, you still have to pay taxes on it when you file. So opting for 1099 when you've only ever been W2 might result in a shockingly large tax bill at tax time. So this is something to carefully consider and plan for with an accountant or tax attorney.
There are many ways to ultimately lower the taxes you pay, but that won't be accomplished by simply picking 1099 or W2; you'll need to *reduce your taxable income*. This could lower your effective tax rate in addition to lowering the amount you are taxed on- so maybe you pay 20% on $80K instead of 22% on $100K, for example. While I'm not a tax expert, I know there are numerous ways to lower your taxable income, including some ~creative~ ways that are completely legal tax loopholes. You can use google to find many resources on the creative options. But the easiest and most accessible way to lower your tax burden is by contributing to tax-advantaged accounts, like retirement accounts.
For 2023, the maximum 401(k)/ 403(b) contribution is $22,500 ($30,000 if you are age 50 or older). SEP-IRA max = $66,000. HSA max = $3,850 (individuals) and $7,750 (family). You can contribute to more than one type of account depending on your situation and some can even make catch-up contributions depending on their age. 529 plans (education savings) aren't deductible at the federal level, but are at the state level in most states, and you can even start one before your child is born. While these won't necessarily put more cash in your hand right now, they will allow you to keep more of your money by "sheltering" it in those accounts. You may already know this, but hopefully it's helpful jumping off point for someone.

[@repealMurphysLaw]

One more thing, being self-employed or owning a business (even infrequent gig work or a side-hustle) will open the door to many of those "creative" tax loopholes. I can't stress just how important it is to take advantage of that from a tax perspective, so definitely seek professional help if you own a business or could even recategorize existing side-hustle activity as a business.

[@twood2779]

I am in the same situation. I declined my settlement. What is next when my case is with EEOC. I do not have an attorney. I was surprised in my meeting they did not have any of the information I supplied for us to go over. This is the reason I declined it. When do I have a chance to present my documentation or do I let the investigator do it on his own when he investigates? Will I get another change to settle and re discus before investigation?

[@karenblasioli6580]

Strange to find this today I walked out of mediation 2 days ago after the mediator told me I was obese and living free off the government. I'm a senior citizen on Social Security

[@henlohenlo689]

Less fluff speech. More citing codes

[@ProSePlaintiff]

Mr. White likes talking fluff.