Washington Saves

@wasaves.bsky.social

Washington Saves facilitates access to professionally managed Individual Retirement Accounts through work. Opens July 2027. Sign up for email updates and learn more at www.wasaves.com.

We were talking with Washington's Favorite Raccoon, Jimothy, the other day. He just started a brand new job—his third one this year! Jimothy was worried about what happens to his retirement savings when he changes employers. We told him not to sweat it. 🧵

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Washington Saves exists because 1.2 million WA workers don't currently have access to a retirement plan at work. Access is the starting point. Choice remains yours. Automatic enrollment. Your IRA. Opt out anytime. Over the next year, we'll explain every piece of it. Save Today. Thrive Tomorrow.

Are you a business owner in the Wenatchee area? Washington Saves is partnering with Wenatchee Valley Chamber of Commerce, CAFE, Washington State Office for Regulatory Innovation and Assistance, and others to host a Small Business Requirements & Resources Workshop in Wenatchee on June 24 @ 5:00pm!

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Washington Saves is here to help bring access for the 1.2 million Washington workers who currently cannot save for retirement through their workplace. If you have questions, please email us at info@wasaves.wa.gov This program is stronger when people understand it. More to come. #WashingtonSaves

Retirement savings shouldn’t require: • Extensive research • Complex decisions • Perfect timing It should be accessible when you are ready. Washington Saves is about removing barriers so more people can get started.

Some people may have concerns about auto-enrollment. If this is you - let's set your mind at ease. You can opt out immediately and easily. Auto-enrollment sets a default. It doesn't remove choice. It gives you that boost to start saving now. Washington Saves is built so control stays with you.

Q&A: What do you actually control with Washington Saves? The short answer: everything that matters. You choose whether to participate. You choose how much to save. You choose your investment approach. Washington Saves exists to make access easier, not to take away control. #WashingtonSaves

Fun fact: Most people have more streaming subscriptions than retirement accounts Netflix: ✓ Hulu: ✓ Disney+: ✓ Spotify: ✓ retirement account: ✓... Washington Saves makes retirement access easier than a subscription. Except this subscription helps your future.

The thing about retirement savings is everyone knows it's important. But "important" doesn't mean "urgent." Things that aren't urgent often get "later'd" forever. Washington Saves makes it automatic. You can opt out. The default is "saving" instead of "meaning to save" Tiny shift. Huge difference.

Retirement savings shouldn't require: a finance degree hours of research decision paralysis remembering to do it It should just... happen. Washington Saves makes access possible. Coming in 2027.

Real talk from the Washington Saves team We're not creating a new kind of retirement account. IRAs have existed for decades. We're making them accessible to people whose jobs don't offer retirement. We’re removing barriers for those people whose jobs don’t offer 401(k)s.

Washington Saves is still in development, and your input helps shape how we talk about retirement access and what matters most to workers. We appreciate the engagement. Launching in 2027.

Okay, let's address a concern some people may have about Washington Saves, "With Washington Saves, will the government control my retirement account?" Short answer: No. Long answer: Let me explain 🧵

What would change for you if saving for retirement was automatic, coming directly from your paycheck? No extra steps. No accounts to manage. One account that follows you. This is Washington Saves. Launching in 2027.

The best part about Washington Saves? Your retirement account follows you. barista → office job → retail → freelance → whatever comes next One account. Your whole career. No more "Oops I left my 401(k) at my old job and forgot about it" Launching in 2027 for Washington workers.