Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Well, we’ve previously talked with State Actuary, Matt Smith about how pension plans are funded in Washington. And today we’re excited to have him back on the podcast to kind of walk through a simple example of how to measure the health…
Category Archives: Podcast
Episode 71 – Rethinking early retirement: downshifting, not disappearing
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re diving into, a pretty popular topic around here, which is early retirement, and we get a lot of questions about this. Seems like all of the articles and podcast episodes that we put out are everyone wants to know how…
Episode 70 – How to plan for a micro-retirement
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re diving into a fascinating concept that’s changing the way that people kind of approach retirement with this idea of a micro retirement. It’s kind of like a short, planned break in your career rather than waiting until traditional retirement age…
Episode 69 – What is a record keeper?
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Well, if you’ve ever gotten an email or read a news story from us about DCP or Plan 3, chances are you’ve seen the name Voya Financial in the last couple of years. They are our current record keeper, but you might…
Episode 68 – Understanding COLAs and the CPI connection
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re talking about everyone’s favorite subject COLAs, which stands for Cost of Living Adjustment. So basically at the end of each July, most retirees receive a Cost of Living Adjustment on their pension and the COLA can increase up to 3%…
Episode 67 – Why the rule of 72 feels like magic (but isn’t)
Episode transcript: [music intro] Jenny Welcome back to Find Your Future with DRS. Today, we’re breaking down the rule of 72. This is kind of a thing I hear a lot of finance folks talk about, but it’s basically just a quick way to estimate how long it can take your money to double when…
Episode 66 – DCP withdrawals, rollovers, and RMDs
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Well, we’ve talked a lot about DCP and putting your money in and why you should put money in. But we really wanted to talk today about when the time comes that you’re ready to take the money out of DCP and…
Episode 65 – Fears about money and how to tackle them
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re diving into something that might surprise you. Or maybe it won’t. According to a study by Allianz Life, 64% of Americans are more afraid of running out of money than of dying. That’s right. Money anxiety is literally scarier than…
Episode 64 – Money moves when your finances are tight
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re looking at… Catherine …economic downturn, that’s the phrase. Jenny Yes. We’ve been getting a lot of members and people who are concerned about these really stressful economic times right now. We have Catherine in the studio with us who works…
Episode 63 – Firefighters and financial planning: what we can learn
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Now at DRS, we work with lots of different types of public employees as we help them into retirement and with their retirement package throughout their careers. In our office, firefighters have a reputation for being very knowledgeable about how their pensions…
