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If you?re over age 50, you might be thinking about retirement.
Getting ready for retirement can be exciting. You might be thinking about trips to plan or people you?d like to visit. But while you?re making plans, it?s important to remember that you still have time to save for those golden years.
Now that DCP offers Roth or pretax contribution options, you have even more flexibility when saving for retirement. New and existing DCP customers can contribute to either or both options. Many soon-to-be retirees may choose to add a Roth option to plan for late-life expenses.
If you?re 50 years of age or older, you can contribute an additional $7,500 beyond the annual limit each year ($30,000 in 2023).
Attend a live Q&A this Wednesday, Oct. 18, about DCP Roth options for those who are near retirement. See the full Q&A schedule
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See all?DRS news at drs.wa.gov/news
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