You have options when it comes to accessing your DCP funds. In this episode, we cover smart ways to manage your funds, including monthly payouts, rollovers, lump sums and annuities. Plus, find out about required minimum distributions, emergency access and managing beneficiaries.

Resources:

Withdrawals in retirement calculator DCP Roth vs pretax calculator DCP savings calculator

According to a study by Allianz Life Insurance, Americans are more afraid of running out of money than of dying. We unpack the emotional toll of financial stress and talk about practical ways to regain a sense of control. Whether you’re living paycheck to paycheck, or simply overwhelmed by rising costs, this episode offers real talk to help you breathe a little easier when it comes to your money.

In this timely episode, we dive into the reality many are facing: economic uncertainty and its impact on personal finances and retirement plans. We discuss practical steps to manage stress, maintain financial stability, and make informed decisions. We also explore how tools like Washington's Deferred Compensation Program (DCP) can provide flexibility and serve as a financial safety net when you need it most.

Are there some groups of public employees that do a better job of saving for retirement? In this episode, our guest AJ shares why firefighters are proactive when it comes to retirement planning. Find out about their approach and how you can apply it to your own long-term planning.

It can be scary to look at your DCP or Plan 3 investments and see that your balance has suddenly gone down. However, even if stocks are low, that doesn’t necessarily mean you should panic. In this episode, we talk about how to mentally deal with the stock market during uncertain times. Our guest, Malia, highlights the importance of long-term investment planning and what you should consider if you’re close to retirement age.

Ever wonder why prices rise, how the stock market shapes our world, or what drives the financial decisions? This is the study of economics. In this episode, we sit down with Chris Clarke, an economics professor from Washington State University. Chris has gained a large online following from his videos by making economics relatable for the younger generation. You can follow him @EconChrisClarke on TikTok and Instagram.

In our discussion we tackle misconceptions about the economy, the unpredictability of recessions, and the persistent myths surrounding inflation and stock markets. Chris shares his journey into teaching economics and his passion for making daunting economic topics relatable and understandable for everyone.

Find out more on Chris’ personal website.

As you plan for health care in retirement, a VEBA or HRA can be a helpful tool. Many public employers participate to help you save for your out-of-pocket healthcare expenses and premiums.

Our guest Brian, from Gallagher (consultant for VEBA trusts), shares insights on how these tax-advantaged accounts work including how to enroll, investment options and the flexibility the account offers.

Official website: HRAVEBA.org, VEBA.org

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.

Our guest Malia shares insights on transferring leave balances into the Deferred Compensation Program (DCP), offering potential tax savings and investment opportunities.