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Our Blog

Read up on the latest and most important information you need to stay up-to-date with your financial situation.

FRS Pension Option 3 / Joint Lifetime Income

By Anders & Anders Financial Group | Nov 29, 2016

FRS Pension Option 3 is lifetime the lifetime payment option for both the retiree and their spouse. This option is for spousal benefit only, and the reduction is based on the spouse’s life expectancy.   Pension Option 3 is a great choice if the retiree wants to guarantee that their spouse will continue to get…

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FRS Pension Option 2 — Decreasing Benefit with increasing cost

By Anders & Anders Financial Group | Nov 22, 2016

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…

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FRS Pension Option 1 / Pension Maximization

By Anders & Anders Financial Group | Nov 14, 2016

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…

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What is C.O.L.A. and why is it so important?

By Anders & Anders Financial Group | Nov 1, 2016

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…

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Anders & Anders Blog — What to expect and what we promise

By Anders & Anders Financial Group | Oct 31, 2016

Purpose The purpose of the Anders & Anders Financial Group 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…

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