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!
Railroaders without 30 years of service have a big decision to make when they turn 62. Understand some of the reasons to start Railroad Retirement "early" at 62.
Understand the Railroad Retirement benefits afforded your family in case you aren't there anymore. Learn how the Family Maximum is calculated when your family starts receiving your Survivor Annuity.
Learn the process for contributing to your tax free retirement account when you earn over the annual limit.
Understand 'break-even" points for your Railroad Retirement. Learn why the break even point for Railroad Retirement is completely different then Social Security.
Understand the opportunity career railroaders have to still get their railroad retirement plan in shape before they leave.
Learn 401k strategies that might be suitable for railroaders. Partnering your Railroad Retirement Annuity with your 401k can lead to a great Railroad Retirement
Learn the importance of matching your spending with your guaranteed retirement income streams. Understand the percent of your retirement spending that should be matched by guaranteed retirement income.
Learn the tax implication your railroad's grant of Restricted Stock or RSUs. Understand what you can expect when the taxes are due. Learn why proper tax planning can help reduce your tax bill.
Learn the different account types available to railroaders who want to save and grow their money. Watch to understand the different types so you can accomplish your goals.
Learn about the taxes you can expect in railroad Retirement. Understand the taxes you can expect on your Railroad Retirement annuity, Retirement accounts and pension.