Did you know that you started earning a pension benefit when you were hired into public service in Washington state? If you didn’t know until just now, we understand. A new job can be overwhelming – loads of information is served up to you all at once. You may have overlooked, or not had time…
Tag Archives: New Hire
Episode 41 – Gen X: growing up without financial advice
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. We’re continuing our discussion of how Gen X is preparing for retirement, and this is the generation that’s starting to get serious about prepping for the next stage of life. Today we’ve got two more DRS team members from Gen X, Sherry…
Episode 40 – Gen X: never too late to start saving for retirement
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…
Episode 39 – Questions from listeners
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. And we’re looking at some Frequently Asked Questions today. I think this is our second episode with some FAQs that we’ve been getting from some of our listeners. So, let’s jump into it. So, we have Emily, who asked: Would you mind covering…
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.…
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…
Episode 35 – Beneficiary vs survivor
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today, we’re looking at the difference between beneficiaries and survivors – a key distinction you have to have on your retirement account and while you’re working. And the general rule of thumb is that beneficiaries are for before you retire and survivors…
Episode 34 – Dual members and reciprocity
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today, we’re going to discuss what happens with your retirement if you’ve worked in multiple public retirement systems during your career, for example, for a school district and a city. And to give a little background: at DRS, we manage multiple retirement…
Episode 33 – How pensions are guaranteed in Washington state
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we have Mitch from the Office of the State Actuary to help us learn a little bit more about how pensions work in Washington state. Welcome, Mitch! Mitch Hello. Thank you for having me. Yeah. Before we jump into any questions,…
Episode 32 – How interruptive military service can add to your retirement credit
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Now, you may or may not have heard that there was some legislation passed this year that allows some employees earn free retirement service credit if their employment was interrupted by service in the U.S. military. And so today we’re getting all…
