(Status as of December 31st, 2023) In this comprehensive guide, we delve into the vital topic of the Norfolk Southern 401k. For railroad employees and retirees, understanding the intricacies of this plan is paramount. Let’s dissect the details, illuminate the plan’s current status, and equip you with actionable insights. Your retirement security remains our utmost […]
2024 Update on the Norfolk Southern 401k Plan Read More »
“Your train’s ready to go.” “Just double 1 to 2, and set out 2 cars to the lead. Oh, and air test” says the yardmaster. Traincrew’s are all to familiar with conversations like this when coming on duty. However, when it comes to planning “How much do I need to have saved” it should be
$50,000 a Year From interest. How Much Do I Need to Have Saved? Read More »
(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.
2024 Status of CSX Corp 401K Retirement Plan Read More »
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
Top 20 Railroad Retirement Questions Answered Read More »
(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.
2024 Status of Union Pacific Corporation 401k Plan Read More »
(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
2024 Status of Union Pacific Agreement (Union) Employee 401(k) Retirement Plan Read More »
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
Understanding Your Creditable Compensation Read More »
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
Is Railroad Retirement Taxable? Read More »
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
Financial Health of Railroad Retirement in 2024 Read More »
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 »
