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Life gets busy. There are deadlines to meet, lunch dates to make and shows to catch up on.
But even with all the chaos, it's important to focus on your long-term goals like saving for retirement.
Your retirement is affected by small steps you take today. Small steps like: increasing your DCP contributions, educating yourself about the latest DCP Roth option and checking to see if you have any missing service credit.
Our short, 20-minute podcast episodes are designed to fit in with your busy schedule. You can listen to them in the car, or while you're cleaning the house and get the info you need to make the most of your pension.
Some of the latest episodes include:
Ep 24 - A Roth option for DCP
The Deferred Compensation Program now offers pretax and Roth options. Both help you save more for retirement. We look at the difference between the two as well as your options for converting funds from pretax to Roth.
Ep 23 - The importance of service credit
The amount of service credit you have has a direct impact to your retirement benefit. So, if you miss some credits because of maternity/paternity leave, National Guard service or taking a sabbatical, you have the option to restore that credit. In this episode, we discuss how service credit is accrued, how it affects your pension and how to see if you have missing credits.
Ep 21 - DCP earnings and annuities
Your DCP funds are like a large savings account. When you retire, you have several options for how you can use that money. In this episode, we look at the options for taking money out of the account. One popular choice includes purchasing an annuity that will guarantee the funds last for your lifetime.
Listen on your favorite podcast platform. We're on Apple Podcasts, Google Podcasts, iHeart Radio, Spotify and Podbean.
See all DRS news at drs.wa.gov/news
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