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!
With Class 1 railroads constantly looking to cut costs, there has been plenty of discussion lately on two person crews for operating trains. I thought I take a look at the responsibilities of a conductor and how it relates to railroad retirement issues.
Well it’s the new year and people are deluged with articles and news stories about things you can do to save money in the New Year. They usually require some sort of lifestyle sacrifice to accomplish your financial goals. Here are three free ideas for railroaders that don’t require any financial sacrifice to accomplish.
The SECURE Act (along with a series of year-end tax extenders) was recently signed into law by the President. The legislation will have repercussions for railroaders retirement for years to come. Understand the challenges and opportunities from this legislation on your Railroad Retirement in this video.
Railroaders have a unique set of challenges and opportunities that require a financial advisor who is knowledgeable about Railroad Retirement benefits. Here are five things that are important when selecting a financial advisor.
In the much anticipated sequel to Ford v Ferrari, I explore the impact of purchasing new vehicles on your railroad retirement portfolio.
As a wave of Precision Scheduled Railroading runs through Class 1 railroads, many employees are asked to relocate to a new city. Some former railroad employees are forced to move to in order take a position for a new employer...understand the tax deductions that are afforded railroaders who move for employment.
Some ex-railroaders will want to work after retirement others unfortunately will have to go back to work. Understand your reductions in your Railroad Retirement Annuity by re-entering the workforce. Are you planning on working after starting your Railroad Retirement Annuity?
Most railroaders really don’t know the valuable benefit they receive from collecting a Railroad Retirement Annuity. The large majority of them just see money coming out of their paychecks every pay period with the expectation of getting some sort of benefit when they retire.
If you have worked outside the railroad industry in a non-covered position, you need to watch this video to understand your reduction penalties on your Railroad Retirement Annuity. Please avoid surprises at retirement by knowing your Railroad Retirement Annuity benefits.
In this video I discuss the costs to railroaders who opt to retire early from the railroad. We discuss the costs of taking reduced benefits with a example of a railroader who retires at 62 with a full retirement age of 67.