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 deductions heading to a spouse when claiming before their Full Retirement Age (FRA) in Railroad Retirement.
Learn the Railroad Retirement tax liabilities associated with certain retirement account contributions.
Learn the monthly deductions to your Railroad Retirement if you are still working and collecting your annuity.
Learn the dangers of receiving an overpayment from Social Security that will eventually need to be paid back.
Have a better understanding of the Norfolk Southern Voluntary Severance Package, especially as it relates to Railroad Retirement.
Learn the work deductions heading your way by working and collecting your Railroad Retirement before your FRA.
Learn the impact your Social Security benefit has on calculating your Tier 1 Railroad Retirement benefit and understand that a railroader won't get two distinct checks from Social Security and Railroad Retirement.
Learn how to recoup overpayment of Social Security payroll taxes when working for the railroad.
Understand the requirements that the Railroad Retirement Board use to determine if you are truly an independent consultant.
Understand the possible penalties if you collect benefits from your Railroad Retirement and Social Security at the same time