The Helper locomotive is there to assist trains to get over steep grades. This blog serves the same purpose. It is here to help give ideas to get you over those steep financial grades that lie ahead of you. I hope you enjoy!
Learn this strategy that allow you to collect your Railroad Retirement benefits and Social Security in retirement. This approach is geared toward railroaders who spent only a limited time in the railroad but still vested into the RRB.
Understand the value of Tier 2 benefits for Railroad Retirement 1. Guaranteed Retirement Income 2. Replacement Value of Tier 2 3. Opportunity to adjust Retirement Glide Path
Performance Share Units(PSUs) for railroaders are a tremendous wealth building form of equity compensation. However you are going to have exceed the benchmarks set the railroad to really cash in. Learn the why they came about, how they payout, taxes, and more...
Many Railroaders get equity compensation in the form of Restricted Stock Units (RSUs). Learn everything you need to know about the grant of RSUs that you received from the railroad.
Railroaders need to decide what level of risk helps you reach your financial goals, and must understand the upside and downside of the risks you take.
When you depart from serving your railroad either through job change or retirement, you can take your 401k with you or not. Learn about some of the benefits of rolling your 401k into a Traditional IRA. Decide when it makes sense and when it doesn't.
A great way to add value to your portfolio returns is through Tax loss harvesting. Watch this video to learn what this entails. Learn how you might use it for your railroad stock.
If you are leaving the railroad with a buyout/allowance. You need to understand the impact on your: ✅ Income Tax and Payroll Tax ✅ Railroad Retirement ✅ Budget
If you are economically impacted by Coronavirus, then watch this video to understand your options when taking early distributions form your 401k. It is a must watch to understand your options otherwise you could be hit with a big tax bill.
If you are over 55 and have left, been laid off, or fired from the railroad, then watch this video to understand a extraordinary opportunity to minimize your taxes.