At 64, a worker takes a covered railroad job after decades in another industry. He wants steady pay, health coverage and a bridge to retirement. Then a coworker gives him one piece of advice: do not ...

Railroad Retirement benefits split into two tiers, with Tier 1 taxed like Social Security and Tier 2 taxed as pension income, applying separate tax rules on the same form. A $40,000 annual 401(k) ...

One day of compensated railroad work in a calendar month earns a full service month, letting late-career starters accumulate the required 60 months faster. Reaching 60 months of post-1995 covered ...