Read up on the latest and most important information you need to stay up-to-date with your financial situation.
Understanding Required Minimum Distributions (RMDs) If you have tax deferred qualified retirement accounts, then eventually you’ll have to start taking out RMD’s (aka Required Minimum Distributions. Qualified retirement accounts are any retirement accounts are any of the following: IRA 403(b) – TSA 457 – Deferred Comp 401(a) – Pension or Special Pay Plans 401(k)…Read More
Have you been asked a question like this: “On a scale from 1-10 what is your risk tolerance?” OR “Are you a Conservative, Moderate, or Aggressive investor?” This is what is called “Qualifying” risk tolerance. Qualifying is great for advisors looking to sell certain plans or products, because it’s a completely subjective scale.…Read More
Here are some bullet points about the Health Insurance Subsidy provided by the Florida Retirement System: You earn $5 per month for every year of service with the FRS Years in DROP do not count towards your Health Insurance Subsidy You’re capped at $150. So any years of service over 30 do not add…Read More
Liquidity is a unique need, because it’s not about the future – it’s about now. Why you may need liquid assets: 1) Emergency Funds 2) Payoff Bills 3) Travel / Leisure 4) Be able to help family and friends 5) Be able to invest in something at a later date Often times people overestimate their…Read More
The third FRS DROP payout option is the partial lump sum option, or as we like to call it the “Alaskan Cruise” Option. This option is a combination of options 1 and 2. You let the FRS know how much you’d like to be sent to you as a distribution and the rest…Read More