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 impact on your Railroad Retirement annuity when you separate from the railroad
Understand the impact of the earned income the rental property can have on your Railroad Retirement annuity.
Understand the impact on your Survivor Annuity when getting a another job before starting your Railroad Retirement
Learn the type of earned income that counts towards your Tier 2 in Railroad Retirement and understand the importance of your highest 60 months of earnings.
Learn if your railroad retirement benefits are taxable at the federal and state levels.
Learn if this railroader should start their Social Security and understand the importance of waiting for your Full retirement Age before claiming your Social Security benefits while continuing to work.
Learn the decisions a railroader needs to make when starting their Railroad Retirement when you are the only spouse working.
Learn the impact on your annual tax bill for Railroad Retirement if the Congress eliminates taxes on Social Security.
Learn the time requirements set by the Railroad Retirement Board for the LPE penalty to not be in play.
Learn the adjustment in Railroad Retirement Tier 1 and Tier 2 when you leave the railroad and depay starting your annuity.