Three Big Tax and Penalties in Railroad Retirement
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.
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 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.
Taxes and Railroad Retirement Benefits: What Every Railroader Should Know
Be prepared for the 2019 tax season by following these five tax organization tips.