One of the biggest challenges of prepping for retirement is understanding all the different pieces — like choosing the right health care, understanding the jargon and getting a clear picture of your finances. Since retirement looks different for everyone, it’s important to take the time to figure out what’ll work best for you. Luckily, our…
Tag Archives: DCP
DCP tax savings benefits and beyond
Taxes are known causes of headache, nausea and anxiety. But when you save with the Deferred Compensation Program (DCP) there are actual tax benefits that can cure your taxation woes. Well, at least a few of them! Here’s how taxes affect your DCP savings: The DCP – Deferred Compensation Program webpage has more tips and…
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…
Updates to DCP and Plan 3 Retirement Strategy Funds
A new Retirement Strategy Fund (RSF) is coming to the lineup of investment options in Plan 3 and the Deferred Compensation Program (DCP). The most recent addition – the 2070 Retirement Strategy Fund – will be available beginning Jan. 6, 2025. The newest fund is designed for those born in 2003 or later. Meanwhile, the…
DCP Roth now available
Questions about the new DCP Roth option? Start here.
Transferring investment accounts
Find out about the advantages.
Roth option coming to DCP October 2023
Retirement savings plan DCP adds a Roth option this autumn.
Considering a 403(b) or 457(b) plan?
Learn more about each type of plan.
Pennies on the dollar viewpoint could increase savings
Study shows those who seeing savings as pennies on the dollar invest more…
