Plan 2 Early Retirement Facts – WA DRS: TRS SERS PERS

by | Aug 28, 2022 | Pers Retirement | 4 comments

Plan 2 Early Retirement Facts – WA DRS: TRS SERS PERS




Here are the facts you need to know if you are wanting to retire early while on TRS2 PERS2 or SERS2 in Washington State.

Topics covered:

-Early Retirement Penalties
– Why you should never take a cash withdrawal from Plan 2
– PEBB eligibility
– COBRA
– What to do with your unused sick leave
– Saving vs VEBA to cover medical costs

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**Advisory Services offered through Intirety, LLC a registered investment adviser. Scenic Financial makes content available as a service to its customers and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️

DISCLAIMER
**Scenic Financial makes content available as a service to its customers and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️…(read more)

See also  How to Run a Retirement Estimate - PERS and TPAF


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4 Comments

  1. Tandoori

    Is there a newer version of this video ? Also please add info about what taxable

  2. D C

    Great thanks for explaining.

  3. Yoshi Golfer

    Hi…I would like to know which plan shud be better off for someone who will not be putting in more than 10 years of wa retirement service? would plan 3 be better choice…I have already put 5 years of plan 2 service but planning to leave the state job?

  4. Eduardo Gonzalez

    When can we cash out our contribution balance (not the monthly benefit) without penalty ?

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