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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Can Railroad Retirement Be Worth $1,000,000 In Benefits?

(Posted March 23, 2011)

Question 806: When my husband gets his yearly RRB statement, it shows his "total" amount in "his" retirement account is over one million dollars. However, there is no way with a monthly payout of $3,000 to $3,500 he would ever get close to that amount. Is this a mistake?

Answer: According to the information furnished in your question, your husband receives over $40,000 a year in Railroad Retirement.

Assuming his benefits started at age 60, by the time he is 84, he will have received more than one Million dollars in benefits!


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


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