(Status as of December 31st, 2023) In this comprehensive guide, we cover the CSX Corp 401k Plan. As a CSX salaried employee and certain non-union hourly employees and retirees, understanding the status of your 401k plan is key. Let’s uncover the details, shed light on the plan’s current status, and empower you with actionable insights. […]
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Our team here at My Railroad Retirement has gathered the most asked questions about Railroad Retirement benefits. These questions cover topics related to monthly retirement benefits, widow/wider benefits, and ways to maximize. We are continuing to work on the Complete Guide to Railroad Retirement Book, and more information and details will be forth coming on
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(Status as of December 31st, 2023), For Non Agreement Employees. In the continuation of the comprehensive guides to Railroad company’s 401K plan. We will discuss the topic of the Union Pacific Corporation (non agreement) Employee 401(k) Retirement Thrift Plan. As a railroad employee or retiree, understanding the ins and outs of this plan is crucial.
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(Status as of December 31st, 2023) In this comprehensive guide, we’ll explore the vital topic of the Union Pacific Agreement Employee 401(k) Retirement Thrift Plan. As a railroad employee or retiree, understanding the ins and outs of this plan is crucial. Let’s break down the details, shed light on the plan’s current status, and empower
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As you approach retirement or begin planning for it, understanding your benefits under the Railroad Retirement Act is essential. Especially when it comes to creditable compensation. If you’re like many railroaders, making sure you know how creditable compensation impacts your retirement, disability, and survivor benefits can significantly improve your financial security in retirement and prior
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What You Need to Know If you’re nearing retirement, the last thing you want is to be caught off guard by an unexpected tax bill before understanding if Railroad Retirement taxable. I’ve had many clients who assumed their railroad retirement benefits would be tax-free, only to find out that a portion of those benefits could
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As we do around this time of year; check on the financial health of Railroad Retirement. If you’re between the ages of 40 and 70, the health of your Railroad Retirement benefits is likely top of mind. After all, your hard-earned money contributes to a retirement system that you’ll count on when you tie up
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The short line answer is yes, sequestration reduced unemployment and sickness benefits. Railroad employees face unique challenges when it comes to understanding sequestration and how unemployment and sickness benefits are affected. As a financial planner specializing in lining you in and out the siding safely. Railroad employees face unique challenges when it comes to understanding
Sequestration Reduced Unemployment and Sickness Benefits for Railroaders? Read More »
If you’re a current or future railroad retiree, it’s important to understand Comparing Benefits: Railroad Retirement vs. Social Security. Key differences between Railroad Retirement and Social Security. These two systems may seem similar at first glance, but they provide different levels of benefits, have varying eligibility requirements, and involve different payroll tax rates. In this
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Did you start receiving your railroad retirement annuity before the age of 62? If so, you may need to increase your tax withholding when you turn 62. Why? This insight will explain…. As a railroad retiree approaching or turning 62, you’ve probably spent some time considering what your retirement benefits will look like. Railroad Retirement
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