Washington Retirement Benefits Basics Course Outline

Let me know what you think. What should be added? What am I missing?

This course will be designed for complete beginners. So a 22-year-old or anyone who knows nothing about money or finances should be able to go through this and come out feeling confident, empowered, transformed, and able to answer their friend’s questions basic benefits questions. I want them to be confident enough that the next time an advisor calls or knocks on their door to “review their benefits” they can say no thanks! I understand my situation very well 🙂

Sure, here is a neatly numbered list based on the image provided:

Week 1 – Introduction to Washington State Employee Benefits

  1. Overview of Washington State Employee Benefits
  2. Understanding Your Eligibility
  3. How to Read Your Benefits Statement
  4. The Importance of Beneficiary Designations
  5. Key Terms and Concepts Explained
  6. The Importance of Planning Your Retirement Early

Week 2 – Understanding Your Pension Plans

  1. Plan 2 Overview
  2. Plan 3 Overview
  3. Plan Selection Strategies
  4. Retirement Age and Requirements
  5. Vesting and Benefits Accrual
  6. Buying and Transferring Service Credits
  7. Life Events Impact – Death, Divorce Lawsuits

Week 3 – Healthcare and Insurance Benefits

  1. Healthcare Options for State Employees
  2. Dental and Vision Coverage
  3. Life and Disability Insurance
  4. Flexible Spending Accounts (FSAs) and HSAs
  5. Navigating Open Enrollment and Making Changes
  6. SEBB & PEBB

Week 4 – Supplemental Retirement Savings

  1. Why Supplemental Savings Matter
  2. Getting Started with 403(b) Plans
  3. Navigating Your DCP Options
  4. Roth vs. Traditional: Choosing Your Contribution Type
  5. Understanding Investment Fees
  6. Strategies for Increasing Your Savings Over Time
  7. When to Consider a Financial Advisor
  8. Preparing for Tax Implications
  9. Reviewing and Adjusting Your Plan Annually
  10. Choosing investments

Week 5 – Embracing Retirement Journey

  1. Transitioning to Retirement
  2. What am I saving for
  3. How much do I need to retire
  4. 7 Mistakes to avoid
  5. Social Security
  6. Managing Debt
  7. Renting vs Buying in Retirement
  8. Community and Social Life in Retirement
  9. Staying Financially Fit in Retirement

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