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Read up on the latest and most important information you need to stay up-to-date with your financial situation.
The 2nd of the 3 FRS DROP rollover options is the 100% Rollover option. Our office likes to call it the “Stop DROP and Roll” option. This option is for anyone who doesn’t want to have a taxable distribution at the time of retirement. For most people, the year they retire will usually be the…
Read MoreFor those in the Florida Retirement System Deferred Retirement Option Program (aka DROP), there are 3 payout options when they separate from service. These payout options are elected on the DP-PYT form which is located in your DROP exit packet. The DROP exit packet is usually received 3-4 months before the retiree exits DROP. The…
Read MoreThe “A” Word: What Are Annuities? One of the most misunderstood investment vehicles are Annuities. A common statement I hear is: “I don’t like annuities” or “Annuities aren’t good investments.” I’m a firm believer that there is a time, place, and person for almost every investment, and most of these objections are based on people’s…
Read MoreOne of the most unique things that Florida pensioners have is the Deferred Retirement Option Program (aka DROP). We’re going to discuss how D.R.O.P. works and how it’s a benefit for public employees, tax payers, the economy, and the pension plan. How DROP Works The average DROP Accrual balance is $146,039 as of September…
Read More5 Needs of Money: Types of Income We touch on the 5 needs of money pretty regularly, but what we want to do is a deeper dive into each need to make sure you really understand what they are. The first need we are going to talk about is income. While most people…
Read More5 Needs in Retirement In 2009, I had a full day of appointments with people getting ready to retire from a local school board. My approach to my clients is simple, I ask questions. One of the questions I’ve always asked is, “What do you need from your investments?” On this day,…
Read MoreIn addition to the 4 monthly pension options available at retirement, the Florida Retirement System offers an additional lump sum option called The Investment Plan. The Investment Plan gives you a lump sum payout from the FRS instead of receiving a monthly pension amount. Like almost any choice we make, there are advantages and disadvantages…
Read MoreThe Importance of Questions In the financial industry, companies are always trying to set themselves apart. They pride themselves on the best algorithms, the best retirement software, the best website logins, etc. And while these tools help with investment advising, they’re missing the point of why their clients are there to see them. …
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Phone: (888) 960-4494
Fax 888-960-4492
info@andersfg.com
Winter Park
124 E. Welbourne Ave.
Winter Park, FL 32789
New Smyrna Beach
315 Live Oak Street
New Smyrna Beach, FL 32168