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Financial Planning

dollar bill with pennies stacked on topNo matter where you’re at in your career, saving for retirement now can reduce financial stress later. Start planning for your financial future now! ESD 123 offers our employees retirement investment options through the Department of Retirement Services and PlanMember Financial Alternatives.

Investment Options

  • Traditional or Roth 403(b) Tax-Sheltered Annuity (TSA) 
    • NEW to ESD 123 employees, Roth 403(b) contributions are made on an after-tax basis, and are ideal for employees expecting to be in a higher tax bracket in retirement. Whereas with a traditional 403(b) account, a participant’s gross salary is reduced by the amount of the pre-tax contributions and earnings are taxed upon withdrawal, contributions to a Roth account are subject to taxes before they go into the plan and participants will not pay taxes on contributions and earnings when they make a qualified withdrawal.
    • Available through PlanMember.
  • 457(b) Deferred Compensation Plan (DCP)
    • Unlike with a traditional savings account, contributions to a DCP savings program are tax-deferred. This means a DCP lowers your taxable income while you’re working and delays payments of income taxes on your investments until they’re withdrawn. Learn more about DCPs with this DRS video.
    • Available through the Department of Retirement Services or PlanMember.

Retirement Academy

Planning for retirement is an important thing we may neglect because we don’t know where to begin. The Retirement Academy through PlanMember is an easy way to improve your financial literacy and learn about personal finance, saving, investing and other important financial topics. The three online courses take about 20 minutes each and can provide you with a road-map to jump-start your retirement future. Sign up at esd123.retacademy.com to get started!

Learn More and Enroll

Contact Information

Kaylee Bolt
Director of Human Resources 
Office: 509.544.5777
Fax: 509.544.5790

Chris Avey
PlanMember Financial Advisor
Office: 509.663.7526

Department of Retirement Services
Contact Form
Phone: 360.664.7000 or 800.547.6657
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