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!
Railroaders have a unique set of challenges and opportunities that require a financial advisor who is knowledgeable about Railroad Retirement benefits. Here are five things that are important when selecting a financial advisor.
Some ex-railroaders will want to work after retirement others unfortunately will have to go back to work. Understand your reductions in your Railroad Retirement Annuity by re-entering the workforce. Are you planning on working after starting your Railroad Retirement Annuity?
Thank you to all those railroaders who served in the Armed Forces of the United States in defense of this country. Check out this article to see how you can grow your Railroad Retirement Annuity with your service to America.
Railroad Retirement benefits are based on months of service and earnings credits. Check out this video to understand how you can earn additional service months without actually working with Deemed Service Month Credits.
Most railroaders really don’t know the valuable benefit they receive from collecting a Railroad Retirement Annuity. The large majority of them just see money coming out of their paychecks every pay period with the expectation of getting some sort of benefit when they retire.
If you haven’t done all of your professional life in the railroad industry then you need to understand how Social Security and Railroad Retirement affect your retirement income.
As you are approaching retirement or in retirement someone will eventually try to "sell" you an annuity, but before you accept that "free" dinner seminar invitation understand if you need one. Railroaders should have a different view of annuities then most people.
Get a working knowledge of your Tier 2 Railroad Retirement Annuity. Understand how it is funded, who manages the annuity, and how your Tier 2 benefit calculated.
Many railroaders are considering "early" retirement from the industry. Understand the financial costs of taking this option on your overall retirement.
One of the perceived benefits of working in the railroad industry is the access afforded to employees to a Railroad Retirement Annuity. Let’s look further into Tier 2 and understand if the employee is receiving value for these contributions.