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!
What I learned from taking principles of Hunter Harrison's Precision Scheduled Railroading and putting them into my financial planning practice.
Understand the basics of your Tier 1 Railroad Retirement benefit. The video discusses: How Tier 1 is funded? Calculating your Tier 1 Benefit More....
As you start reaching your career finish line, your railroad’s offer of an early retirement package might seem too good to pass up. Before accepting, it’s important weigh the pros and cons that will impact your short- and long-term financial situation.
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.
When you start taking distribution from your 401k and Traditional IRAs, it is important to understand the rules for Required Minimum Distributions (RMDs) in order to avoid catastrophic tax penalties.
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.
Spring is here! It's time for cleaning, budgeting, retirement planning, emergency funds & more!
Sometimes even the retired want to keep working. However this will have a effect on your Railroad Retirement Annuity. Understand your situation before you fire it up again.
Things come along in life unexpectedly where you might need access to funds. I outlines some options for you to help navigate through this difficult period.