RRR and 401K

[nsdq160th]

Nsdq106th,

A lot of people would disagree with you. Especially LIRR retirees vs collecting social security. Staying a year at the LIRR is rare unless you’re forced out. They also have a 457 plan also.

I got flocked!!! Flocked badly!! Crappy bs foreman made BS about my skillzzzzzzz....

[Cowford]

Cowford wrote:
I may be wrong, but just as Tier 1 gets you FICA credits, aren't FICA payments credited to your Tier 1 calculation?


They weren't credited to mine.

Wayside, I ran the annuity calculator and my FICA payments showed up in the results, so it appears as they are credited.

[Wayside]

Cowford: Okay I think the difference for me is that I retired with RRB almost ten years after the period in which I was paying into FICA. When they calculate the annuity, they take the last five years of earnings into consideration, all of which were RRB for me. I had way more than enough months of RRB service by that point (360+) to qualify for full retirement. I think that's how it works, anyway. I could be mistaken.

[Gadfly]

Railroad retirement's positive qualities are a fairly well-kept secret in this country. I'm okay with keeping it that way, so yeah, it's a total scam.

I just know I don't want it messed with!

GF

[Wayside]

I just know I don't want it messed with! GF

Amen.