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.

As a retiree, you can go back to work for a Department of Retirement Systems (DRS) employer and still receive your pension benefit as long as you follow a few rules. In this episode, our guest Kumano, sheds light on considerations for retirees who wish to work for a DRS employer post-retirement. From separating employment to navigating hours, Kumano guides us through the must-know details for retirees contemplating a return to public employment. Listen and explore how to effectively plan this stage of your retirement journey.

In this episode, we delve into the crucial distinctions between separation date and retirement date, specifically for those retiring with DRS. Understanding these dates will help you determine when you can start collecting your pension benefits.

Learn why timing matters, especially if you're planning around health insurance coverage or have accumulated leave. Whether you're months or years away from retirement, this episode provides guidance on making informed decisions about your retirement journey.

Retirement checklist: https://www.drs.wa.gov/life/retire/check/

During the chilly winter months, you might be thinking about planning that spring or summer vacation. But you don't have to spend money on an expensive flight to get away. Sometimes it's nice to do a staycation and explore Washington state! From arid deserts to moss-covered rainforests, there's plenty to explore in your own backyard. Tune in to get some ideas for your next adventure.

Links related to this episode:

VisitSpokane.com Stehekin, Wa VisitRainier.com OlympicPeninsula.org Washington State Parks Los Hernandez Tamales in Yakima