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2024 Status of Union Pacific Agreement (Union) Employee 401(k) Retirement Plan

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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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Understanding Creditable Compensation featured image for My railroad retirement picture of a train's wheels on a flat railcar

Understanding Your Creditable Compensation

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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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Sequestration Reduced Unemployment and Sickness Benefits for Railroaders

Sequestration Reduced Unemployment and Sickness Benefits for Railroaders?

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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

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Comparing Benefits: Railroad Retirement vs. Social Security Explained

Comparing Benefits: Railroad Retirement vs. Social Security Explained

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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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Retired before 62? Why You May Need to Increase Tax Withholding

Retired before 62? Why You May Need to Increase Tax Withholding

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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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