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!
Learn the process for contributing to your tax free retirement account when you earn over the annual limit.
Learn the tax implication your railroad's grant of Restricted Stock or RSUs. Understand what you can expect when the taxes are due. Learn why proper tax planning can help reduce your tax bill.
Learn about the taxes you can expect in railroad Retirement. Understand the taxes you can expect on your Railroad Retirement annuity, Retirement accounts and pension.
Learn the effect of working when you are collecting your Railroad Retirement annuity. Understand the potential deductions in your annuity by going back to work.
Learn tax saving strategies when giving to charity in Railroad Retirement.
Using Health Savings Accounts for Railroad Retirement provides a great Triple Tax Free investment account.
If Joe Biden beats Donald Trump to win the US Presidency, railroaders should know and understand the impact of Biden's plan on your Railroad Retirement.
Performance Share Units(PSUs) for railroaders are a tremendous wealth building form of equity compensation. However you are going to have exceed the benchmarks set the railroad to really cash in. Learn the why they came about, how they payout, taxes, and more...
Many Railroaders get equity compensation in the form of Restricted Stock Units (RSUs). Learn everything you need to know about the grant of RSUs that you received from the railroad.
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