The focus of this episode is on understanding the Plan 3 retirement system for Washington state employees. The podcast sheds light on the two parts of Plan 3: the Defined Benefit Plan and the Defined Contribution, with particular emphasis on their operation and future expectations. The discussion also covers contribution rates, the full benefit age, and potential downsides of the plan. Lastly, the host introduces the Plan 3 and DCP investment advice system aimed at providing personalized investment advice based on risk tolerance. Outline00:14 Introduction to the Podcast00:47 Understanding Plan 3 System01:23 Exploring the Defined Benefit Plan03:17 Understanding Pension Collection Age04:58 Introduction to Defined Contribution07:57 Investment Options in Plan 310:25 Drawbacks of Plan 313:05 Legal Disclosure and Conclusion⁠⁠Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠

Ver todos los episodios