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 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 essential tax planning ideas for railroaders that you must accomplish before the calendar year ends.
Learn how to recoup overpayment of Social Security payroll taxes when working for the railroad.
Learn the basics of pension reduction when your Railroad Retirement annuity kicks in.
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
Learn the Age Reductions that will impact your Railroad Retirement annuity if you retire before your Full Retirement Age (FRA).
Learn the pitfalls when you are collecting Railroad Retirement and Railroad Medicare.
Understand how the work deductions are calculated off your Self Employment income in Railroad Retirement.
Learn potential strategies for Railroad Retirement that come into play when two partners bring in their own retirement income.