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 without 30 years of service have a big decision to make when they turn 62. Understand some of the reasons to start Railroad Retirement "early" at 62.
Understand 'break-even" points for your Railroad Retirement. Learn why the break even point for Railroad Retirement is completely different then Social Security.
Learn 401k strategies that might be suitable for railroaders. Partnering your Railroad Retirement Annuity with your 401k can lead to a great Railroad Retirement
Learn the importance of matching your spending with your guaranteed retirement income streams. Understand the percent of your retirement spending that should be matched by guaranteed retirement income.
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.
The RRB said many spouses don't apply for their railroad retirement spousal annuities because they are unaware that they can receive them. Learn about some of the misconceptions surrounding Spousal annuities.
The number one destroyer of financial wealth is divorce. Retired railroaders who have been married for over 10 years can expect to split their assets right down the middle. Learn how this leaves the railroader and the spouse with reduced income and increased expenses in railroad retirement. It is wise sometimes to invest in your relationships just as much as you investments.
Learn about collecting a paycheck in railroad retirement. Understand your retirement income streams that will power you to successful railroad retirement.
Understand why Target Date Funds might not be right for your Railroad Retirement. Learn about the opportunity you are giving up by selecting a Target Retirement fund based on perceived retirement age.
Some railroaders retire after their 30 years of service. However they might not yet be 60 years to collect their Railroad Retirement Annuity. Learn how to fund those early years of retirement before your Railroad Retirement annuity and 401k kick in.