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!
Understand the impact on your railroad retirement dreams that inflation will have on it. Watch for some potential ideas to protect your investments from inflation.
What is the right amount of money you need to retire? Watch this video to understand how railroaders should answer this question. Understand the importance of your guaranteed railroad retirement income streams.
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.
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.
Unless your life never changes which is doubtful. Railroaders should be reviewing their Estate Plan annually. Watch the different scenarios when you should be updating your documents.
Watch this video as I walk through two different railroad retirees. Learn how much more a railroader who retires at 60 vs retiree at 62 can expect in railroad retirement
The number one destroyer of financial wealth is divorce. Retired railroaders who have been married for over 10 years can expect to split their assets right down the middle. Learn how this leaves the railroader and the spouse with reduced income and increased expenses in railroad retirement. It is wise sometimes to invest in your relationships just as much as you investments.
Learn tax saving strategies when giving to charity in Railroad Retirement.