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!
The following video describes the tax statements issued by the Railroad Retirement Board each January for Federal Income tax purposes. Understand the meaning of these statements and their importance for tax season.
In the much anticipated sequel to Ford v Ferrari, I explore the impact of purchasing new vehicles on your railroad retirement portfolio.
As a wave of Precision Scheduled Railroading runs through Class 1 railroads, many employees are asked to relocate to a new city. Some former railroad employees are forced to move to in order take a position for a new employer...understand the tax deductions that are afforded railroaders who move for employment.
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 have worked outside the railroad industry in a non-covered position, you need to watch this video to understand your reduction penalties on your Railroad Retirement Annuity. Please avoid surprises at retirement by knowing your Railroad Retirement Annuity benefits.
In this video I discuss the costs to railroaders who opt to retire early from the railroad. We discuss the costs of taking reduced benefits with a example of a railroader who retires at 62 with a full retirement age of 67.
Even with health insurance from your railroad medical bills can pile up quickly and you may find yourself struggling to cover the costs. Don't let large medical bills discourage you, follow these 6 steps to get them paid.