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Income Tax

4 Key Facts About RRB Statements of Service My Railroad Retirement

4 Key Facts About RRB Statements of Service

Understanding the “time table” for retirement benefits can be daunting. As a certified financial planner, I often encounter clients who are unsure about their Railroad Retirement Board (RRB) Statements of Service.  These documents are crucial for understanding your retirement benefits, and today, I’ll break down four key facts that every railroad employee should know. Understanding

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Navigating Railroad Retirement Spouse Benefits After Divorce A Guide for Pre-Retirees My Railroad Retirement

Navigating Railroad Retirement Spouse Benefits After Divorce: A Guide for Pre-Retirees

Introduction Divorce can be a challenging and emotional experience, especially when it comes to financial matters. For pre-retirees, understanding how divorce affects railroad retirement spouse benefits is crucial.  As a certified financial planner, I’ve seen firsthand how knowledge can empower individuals to make informed decisions during this transitional phase of life.  In this insight, we’ll

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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

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2024 Status of Union Pacific Corporation 401k Plan

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

(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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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

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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

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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