Free Washington Retirement Planning Community⁠⁠⁠In this episode of the Washington Retirement Planning Podcast, we break down one of the most important decisions you’ll make with your pension: survivor benefit options. Whether you’re about to retire or just starting to plan, understanding how these options work can make a huge difference in your long-term income and your spouse’s future financial stability.We walk you through the four main survivor options offered by Washington State DRS, explain how age differences affect pension reductions, and even show you how to calculate your benefit using administrative factor tables. You’ll also learn the common mistakes people (and even advisors!) make when planning without factoring in survivorship reductions.If you’re changing school districts or employers, stay tuned for bonus tips on pension contributions, 403(b) transfers, and Roth deferred comp strategies to protect your finances and keep more flexibility in your budget.00:06 – Intro: Survivor Benefit Options Explained 01:13 – Why This Decision Matters (And When You Make It) 02:05 – How Pension Reduction Works With Survivorship 02:54 – Option 1: Max Benefit (No Survivor) 03:12 – Options 2, 3, 4: 100%, 50%, 66.67% Explained 03:44 – Administrative Factors: What They Are & Why They Matter 04:01 – Example Calculation 06:17 – Common Mistakes & Why Most Retirees Don’t Choose Option 1 07:44 – Q&A: Moving School Districts? What You Need to Know 09:00 – Why Plan 3 Contributions Can Be a Trap 09:49 – Use Roth 403(b) or Deferred Comp Instead 10:17 – Don’t Forget to Transfer Your 403(b) When Changing Jobs 11:05 – Deferred Comp vs. 403(b): What’s Better Now? 12:11 – Free Community & Resources for WA State Employees Links:⁠⁠Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠

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