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!
Watch this video to understand the "Current Connection" in Railroad Retirement. Learn the different scenarios facing railroaders when they leave the workforce. Understand your loss by breaking the "Current Connection"
Watch this video as I walk through two different railroad retirees. Learn how much more a railroader who retires at 60 vs retiree at 62 can expect in railroad retirement
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.
Low interest rates continue to impact a railroader's Tier 2 annuity. Big insurance companies are departing the annuity industry as the ability to generate a return becomes much more difficult in a low interest environment. Railroaders don't need annuities for retirement income as their Tier 2 handles that job. And now with annuities becoming more expensive, the Tier 2 annuity is so much more valuable.
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 tax saving strategies when giving to charity in Railroad Retirement.
Using Health Savings Accounts for Railroad Retirement provides a great Triple Tax Free investment account.
How much do you need for Railroad Retirement? Learn three simple steps to understand your Railroad Retirement possibilities.
Thinking about collecting Social Security while working for the railroad. Learn the detrimental effects that strategy can have on your Railroad Retirement.
Learn about the affects on your Railroad Retirement by collecting a government pension. Understand the reduction implemented on your annuity that could hamper your Railroad Retirement