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Dec. 28, 2017
Dear Colleagues:
Official launch of our Retirement
Marketplace is drawing near, and with it, help for Washingtonians to comparison shop for low-cost retirement plans.
Great news! We have five plans from two providers verified for
the Retirement Marketplace. We’re working as quickly as we can to bring those
plans on board. As soon as they’re loaded and tested, Washington’s Retirement
Marketplace will be live and available to the public.
That’s any day now!
We’ll open the
Retirement Marketplace with two Roth Individual Retirement Accounts (IRA), two traditional IRAs, and a Simplified Employee Pension (SEP) IRA. We
continue to work closely with financial services firms to bring a greater
variety of plans to the marketplace. In its introductory year, feedback
gathered through user experience testing will help target any needed
adjustments to the marketplace platform, educational content and referral
process.
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When visiting
the Retirement Marketplace, users will gain bite-size information about how to
plan for retirement and get access to state-verified, fee-conscious savings
plans.
So many of you
have contributed time, passion and ideas to this initiative. As we near both
the new year and the launch of this great new resource, I’m sending you my sincere gratitude and well wishes.
Thank you,
Carolyn McKinnon
Marketplace Director
Washington State Department of Commerce
carolyn.mckinnon@commerce.wa.gov
360.725.3121
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