Episode transcript: [music intro] Seth Welcome back to Fund Your Future with DRS. Today we have the Washington State Actuary, Matt Smith, with us here to talk about the recent actuarial valuation report that his office released in August. Actuarial valuations are technical reports providing full disclosure of the financial and funding status of public…
Tag Archives: New Hire
More DCP savings in 2025
The IRS limits have increased for retirement savings programs like Washington’s Deferred Compensation Program (DCP). Beginning Jan. 1, 2025, you can contribute up to $23,500 per year. If you’re 50 or older, you can contribute up to $31,000 per year. These limits apply to DCP Roth and pretax contributions. That means whether you contribute to…
Episode 52 – A guide to Washington state parks and passes
Episode transcript: [music intro] Seth Welcome back to Fund Your Future with DRS. Washington has more than 140 state parks, which provide budget-friendly ways to recreate and socialize across our state. Today, we’re happy to have Ariel here with us from the Washington State Parks who can share with us the many ways you can…
Episode 51 – Credit scores and freezing your credit
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today, we have Lyn and Nathan with us from the Washington State Department of Financial Institutions. Also known as DFI. And today we wanted to talk with them about some of the great resources that DFI offers, as well as talking about…
Episode 47 – Tips for choosing the best auto and home insurance
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we’re covering a topic that can have small and big impacts on your budget: insurance. We’ve had several episodes regarding medical insurance, but today we’re going to focus on the other two big ones auto insurance and home and renter’s insurance.…
Episode 46 – Teachers: out-of-state service credit
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And this episode is for teachers in Washington State specifically about service credit. So, one of the questions that we get a lot at DRS is people who have worked as a public employee in other states, and they want to know…
Hey millennials, plan for your future with 3 easy steps
Millennials are defined by Pew Research as being born between 1981 and 1996 and are now ages 28 to 43. That means most are somewhere in the middle of their career. If that sounds like you, here are some things you can do now to ensure a successful retirement. 1. Understand your retirement plan benefits…
Choosing a plan
90 days to choose Plan 2 or 3
Episode 44 – All about the Plan 3 TAP Annuity
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And this episode is especially for all of our Plan 3 members. So, we know that one of the challenges of saving for retirement can be trying to figure out how much you can spend from your investment account once you retire.…
Episode 43 – Millennials and inflation
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And today we’re continuing our generational conversation about how different generations are saving for retirement. And we’ve got a DRS team member in the studio with us today from the millennial generation: Durin. Welcome. Durin Thank you, Jenny. Happy to be here.…
