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!
Every railroader must understand these three important numbers when it comes to Railroad Retirement.
With the railroad industry going through transformational change, railroaders who leave the railroad should learn differences in the buyout options according to the Railroad Retirement Board. There is a big difference will effect your benefits.
Understand the great rate of return railroaders can achieve by paying more in railroad retirement taxes.
Where is your income coming in from in Railroad Retirement? Understanding the answer to this question is a key building block to any successful retirement plan. Learn the basics of retirement income for railroaders and the guidelines for spending in retirement.
In the this foundational video you will learn the basics of Tier 2 in Railroad Retirement. If you are a railroader expecting to receive these benefits then this video is for you.
Learn this strategy that allow you to collect your Railroad Retirement benefits and Social Security in retirement. This approach is geared toward railroaders who spent only a limited time in the railroad but still vested into the RRB.
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