Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And today, we’ve got a couple more Gen-Xers in our studio with us. And Gen X is often times referred to as the Lost Generation because it’s sandwiched between two much larger generations, the baby boomers and the millennials. But Gen X…
Tag Archives: DCP
DCP Roth and Roth IRA – What’s the difference?
Washington’s Deferred Compensation Program (DCP) offers a Roth option in addition to the traditional pretax option many customers contribute to. Here we’ll take a look at questions you’ve asked about the newer Roth option, especially in comparison to a Roth IRA. While DCP is available only through employers, an IRA, or Individual Retirement Account, is…
Your DCP contribution changes can happen sooner
In May, you might notice that the timing for your Deferred Compensation Program (DCP) contribution changes are happening sooner. SECURE Act 2.0 of 2022, part of the Consolidated Appropriations Act (CAA) of 2023, builds on and expands the SECURE Act of 2019 to improve retirement savings opportunities. Before this option was added, contribution updates took…
Episode 38 – How Gen Z is prepping for retirement
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And we’re continuing our discussion about generational differences when it comes to finances. So, we’re talking with different DRS team members looking at how they’re preparing for retirement and what advice they have. Today, we have Jacob, who’s part of Generation Z.…
Socially responsible investments changing
Changes are coming to the Socially Responsible Investment (SRI) Balanced Fund for those with an investment account in DCP, Plan 3 or JRA. In April 2024, the SRI changes from a balanced fund – invested in both stocks and bonds – to a new SRI that solely invests in stocks. This represents higher potential long-term…
Episode 37 – Saving for retirement as a single woman from Gen X
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Well, there’s been a lot of talk in the media recently about financial advice for baby boomers and millennials and Gen X. And so, we decided we wanted to explore this a little more. So, for the next few episodes, we’re going…
What is DB, DC and DCP?
When it comes to your retirement plan, have you seen these acronyms? If you have an investment account or visited the DRS website, there’s a good chance you have. While there are many acronyms you might see when it comes to retirement, these are a few of the most common. We thought this might be…
DCP Roth now available
Questions about the new DCP Roth option? Start here.
Episode 24 – A Roth option for DCP
[musical intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re excited to talk about a new savings option that will become available to DCP customers this fall. Starting October 1st, the DCP or Deferred Compensation Program will have a Roth option, and we have Catherine here today, who works at DRS as…
Transferring investment accounts
Find out about the advantages.
