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Cash-out strategies for your leave balance

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When you decide to separate from service - either to retire, or work elsewhere - there's a good chance you'll have a balance of sick leave and annual leave.

You may have the option to cash-out this leave, but you'll still have to pay the taxes on the extra income.

Luckily, some employers allow you to roll over leave into your DCP account.

In a recent podcast episode, our guest Malia shares how transferring leave balances into your Washington Deferred Compensation Program (DCP) account, can offer potential tax savings.



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