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 optimal amount of cash a railroad retiree cash should keep on hand for Railroad Retirement. Understand the proper way to allocate your resources for a successful retirement.
Learn a strategy for Railroad Retirement to fund your HSA with a tax free transfer from your IRA. Instead of paying ordinary income tax when you distribute your IRA why not move the money to a HSA.
Sometimes you don't have to work the final months when retiring from the railroad. Use your Deemed Service Months so you can leave the Railroad early.
Learn if you should reach out for some assistance in planning your Railroad Retirement. Not everyone needs help but many do. Learn some of the triggers that would make you want to seek help.
Learn alternatives to stockpiling cash for emergencies in Railroad Retirement. With the depressed interest rates and soaring inflation these alternatives might work for you.
Learn the different strategies when it comes to making your Required Minimum Distributions (RMDs) in Railroad Retirement.
Learn about this stealth tax that affects high earning railroaders called the Net Investment Income Tax. Understand who is subject to this tax and some common situations that could trigger this tax.
Learn how to track your progress for Railroad Retirement by building a Balance Sheet. Understand the importance of creating goals with your Balance Sheet.
Watch this edition of the Highball Advisors Whiteboard to get a working knowledge of what a widower of a railroader can expect from their Survivor Annuity.
Setting realistic return expectations is the cornerstone for build a successful railroad retirement plan. Railroaders need to set a more realistic expectation for investment return expectation.