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!
In this video we talk about tax saving tools in your tool belt for railroad retirement. Things that you can do to just try and save some more money. You're working hard, you want to reduce those taxes.
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.
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.
We’ve rounded up the four most common mistakes soon-to-be railroad retirees make regarding their money, so you can prepare now to make your transition into railroad retirement a bit smoother.
The importance of distributing your retirement accounts in a tax efficient manner can't be understated. If you are interested in maximizing your railroad retirement income check out this video. I discuss some strategies to consider in Railroad Retirement.
Railroaders with Restricted Stock Grants have a complex financial challenge. These 10 rules will help assist you in navigating this financial minefield.
As you approach retirement, there are dangerous tracks you have to cross. Make sure you cover these three areas in planning for a successful railroad retirement.
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.
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.
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.