Posts by Anders Retirement & Investment Advisors
FRS Pension Option 2 — Decreasing Benefit with increasing cost
The second FRS pension option is often the most misunderstood. FRS pension option 2 is for the participant’s lifetime, and a 10-year (120 month) guaranteed payout from the day they retire. The confusion on this option comes from when the 10-years starts. The most common misconception is that the 120 months starts when…
Read MoreFRS Pension Option 1 / Pension Maximization
When you retire from the Florida Retirement System you have 4 pension payout options, the investment plan option, and a hybrid option to chose from. Let’s go over option 1. Option 1 is for the retiree’s lifetime only. If the retiree dies, then the pension checks stop, but because of this risk it is usually…
Read MoreWhat is C.O.L.A. and why is it so important?
When I give presentations to pensioners I often get a confused look when I say that their C.O.L.A. or Cost of living adjustment is probably the most valuable part of their pension. Most people find it hard to believe that a 2%-3% increase per year on their monthly income is more important than their income…
Read MoreAnders Retirement & Investment Advisors Blog — What to expect and what we promise
Purpose The purpose of the Anders Retirement & Investment Advisors blog is to educate Florida public employees on all things retirement and investment. What You’ll Learn Florida public employee Pension options and updates Navigating the D.R.O.P. and Investment Plan programs Real life retirement experiences Investment and Insurance Basics Our Promises No sales pitches…
Read More