Filter posts by category

Disability

The Social Security Fairness Act: A Guide for Railroad Retirement, By My Railroad Retirement

The Social Security Fairness Act: A Guide for Railroad Retirement

As a certified financial planner specializing in helping railroaders and their family’s plan to and through retirement. I’ve seen firsthand how complex railroad retirement planning can be.  Today, we’re diving into an important piece of legislation: The Social Security Fairness Act (SSFA). This act has significant implications for railroad retirement participants, both current and future.

The Social Security Fairness Act: A Guide for Railroad Retirement Read More »

image of a physical book, and digital book on a phone and tablet. The book is about Top 20 questions related to railroad retirement

Top 20 Railroad Retirement Questions Answered

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 »

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

Understanding Your Creditable Compensation

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 »

Sequestration Reduced Unemployment and Sickness Benefits for Railroaders

Sequestration Reduced Unemployment and Sickness Benefits for Railroaders?

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 »

Comparing Benefits: Railroad Retirement vs. Social Security Explained

Comparing Benefits: Railroad Retirement vs. Social Security Explained

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

Comparing Benefits: Railroad Retirement vs. Social Security Explained Read More »

Railroad Retirement 20 Years Of Service 1 1

Railroad Retirement 20 Years Of Service

Understanding Early Retirement Reductions for Railroad Retirement 20 years of service is pivotal for planning retirement strategies. Learn how retiring before full retirement age affects annuities and spousal benefits in the railroad retirement system. Early Retirement Reductions for Railroad Retirement Benefits Firstly, railroad retirement benefits decrease for those retiring before full retirement age. Employees can

Railroad Retirement 20 Years Of Service Read More »