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!
As you are approaching retirement or in retirement someone will eventually try to "sell" you an annuity, but before you accept that "free" dinner seminar invitation understand if you need one. Railroaders should have a different view of annuities then most people.
Part 1 of a 2 part series on Survivor Benefits in Railroad Retirement. Learn about how to qualify for Railroad Retirement Survivor Annuity. Understand the eligibility requirements for receiving a Survivor Annuity. more...
Each railroad pension plan has their pros and cons, understand the differences of each one. Find out how each will effect your ability to retire.
A brief overview of how Spouse Annuities function in Railroad Retirement: 1. What the requirements to receive a spousal annuity? 2. What are the payouts on a spousal annuity? 3. What is the reductions in the spousal annuity with early retirement? 4. More...
What I learned from taking principles of Hunter Harrison's Precision Scheduled Railroading and putting them into my financial planning practice.
As you start reaching your career finish line, your railroad’s offer of an early retirement package might seem too good to pass up. Before accepting, it’s important weigh the pros and cons that will impact your short- and long-term financial situation.
Many railroaders are considering "early" retirement from the industry. Understand the financial costs of taking this option on your overall retirement.
When you start taking distribution from your 401k and Traditional IRAs, it is important to understand the rules for Required Minimum Distributions (RMDs) in order to avoid catastrophic tax penalties.
Spring is here! It's time for cleaning, budgeting, retirement planning, emergency funds & more!
Sometimes even the retired want to keep working. However this will have a effect on your Railroad Retirement Annuity. Understand your situation before you fire it up again.