In This Issue
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| Who Is Your Valentine? |
 Let's use this Valentine's day as a day to ensure that we have our loved ones in mind. No one likes to think about end-of-life situations, but designating a beneficiary now ensures that your money will be distributed according to your wishes after you are gone. If you do not designate a beneficiary, your retirement plan rules will generally determine who will receive your assets.
By designating a beneficiary, this will override a will, providing you and your loved ones:
- Access to your assets outside of probate, so that your assets pass directly to your designated beneficiary without having to go through the court system.
- More flexible withdrawal options with potential tax benefits.
You should review and update your beneficiary designation(s) as you experience life-changing events. To update your beneficiary information online:
- Log in to your account at ICMA-RC at www.DCRetire.com.
- Go to the Manage My Account tab and click My Profile.
- Click Beneficiaries.
- Click Update Beneficiaries and enter your beneficiary information.
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An auto mechanic rebalances tires to mitigate risk. Rebalancing your investments helps you to maintain a prudent level of risk by following a disciplined investment strategy. It also provides an important opportunity to reflect if your situation has changed and if you need to adjust your target risk level.
Consider that the investments you choose may not have as much impact on your account balance as your overall asset mix will. And that asset mix can change without you lifting a finger! Check your accounts at least once a year, and if your asset mix has changed by at least 5 percentage points, consider rebalancing. Rebalancing is moving money in your account so that your overall portfolio aligns with the asset mix your selected, usually after market movements have caused it to change. Click here to learn more.
To implement an automatic rebalancing schedule for your investments, choose a quarterly or semi-annual schedule when making transactions through the "Manage Funds" link located on the left side of the webpage in Account Access. Please log in to your account at www.DCRetire.com to get started. If you would like to discuss in more detail, you may also schedule an in-person, one-on-one appointment with your local representative by clicking your preferred local offices:
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There are two new retirement income options available to you in the 401(a) Retirement Plan and 457(b) Deferred Compensation Plan as you prepare for your retirement. Please see below:
- Traditional Immediate Annuities: If you select this option, you purchase the annuity at or in retirement and begin receiving monthly payments immediately. These payments are guaranteed to last for the rest of your life.*
- Longevity Insurance: If you select this option, you purchase the longevity insurance at or in retirement, but do not start receiving monthly payments until a future date. These payments are guaranteed to last for the rest of your life.*
For more detailed information and resources for those nearing retirement and retired, please visit www.DCRetire.com and click Retirement Income Solutions.
*Guarantees are based on insurer's claims-paying ability.
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Your Local ICMA-RC Retirement Plans Specialists (from left to right): Lindsay Crump,
Field Sales Assistant
; Angel Hawthorne,
Retirement Plans Specialist
; Donnell Williams,
Regional Manager
; Kevin Brown,
Retirement Plans Specialist
; William Carreras,
Retirement Plans Specialist
; Kundai Mpundu,
Retirement Plans Specialist
; and Keith Beasley,
Retirement Plans Specialist
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| Local Offices |
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Judiciary Square
441 4th St., NW, Ste 340N
Washington DC, 20001
9:00 a.m. to 5:00 p.m. (M-F)
202.442.9749 | 202.442.9640
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Call Center
800.669.7400
TDD
800.669.7471 |
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ICMA-RC
777 North Capitol St., NE, 8th Floor
Washington, DC 20002
8:30 a.m. to 5:00 p.m. (M, T, Th, F)
8:30 a.m. to 7:00 p.m. (W)
202.759.7190
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Email
service@dcretire.com
Website
www.DCRetire.com |
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ICMA-RC
777 North Capitol St., NE
8th Floor
Washington, DC 20002
8:30 a.m. to 5:00 p.m.
(
Monday, Tuesday, Thursday and Friday)
8:30 a.m. to 7:00 p.m.
(
Wednesday)
202.759.7190
Judiciary Square
441 4th St., NW
Room 340N
Washington DC, 20001
9:00 a.m. to 5:00 p.m.
(
Monday-Friday)
202.442.9749
202.442.9640
Call Center
800.669.7400
TDD
800.669.7471
Website
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