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 value of Tier 2 benefits for Railroad Retirement 1. Guaranteed Retirement Income 2. Replacement Value of Tier 2 3. Opportunity to adjust Retirement Glide Path
Railroaders need to decide what level of risk helps you reach your financial goals, and must understand the upside and downside of the risks you take.
When you depart from serving your railroad either through job change or retirement, you can take your 401k with you or not. Learn about some of the benefits of rolling your 401k into a Traditional IRA. Decide when it makes sense and when it doesn't.
If you are leaving the railroad with a buyout/allowance. You need to understand the impact on your: ✅ Income Tax and Payroll Tax ✅ Railroad Retirement ✅ Budget
If you are economically impacted by Coronavirus, then watch this video to understand your options when taking early distributions form your 401k. It is a must watch to understand your options otherwise you could be hit with a big tax bill.
If you are over 55 and have left, been laid off, or fired from the railroad, then watch this video to understand a extraordinary opportunity to minimize your taxes.
Railroads have diversified income streams from serving many different industries. Use those same diversification principles to serve your Railroad Retirement portfolio.
Railroaders have the potential to have a significant amount of their railroad retirement portfolio in the railroad stock of their employer, what is the prudent amount to own?
Railroaders are sometimes compensated with the ability to own the Railroad's stock in their retirement plan. Learn the tax strategies to maximize your stock gains in Railroad Retirement.
In this video, I discuss opportunities and strategies afforded railroaders with their 401ks. By looking at your retirement portfolio with a comprehensive mindset, railroaders have a powerful tool with their Tier 2 Annuity. It allows railroaders the "opportunity" to create a retirement glide path unlike non-railroaders.