Read up on the latest and most important information you need to stay up-to-date with your financial situation.
The 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. …Read More
The fourth Florida Retirement System pension option is one of the least chosen options because of it’s unique benefit feature. Option 4 is a lifetime option for both participant and spouse, but if either the participant OR their spouse dies the pension is reduced by 1/3 for the rest of the surviving spouse’s life. Like…Read More
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…Read More
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 More
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 More
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 More
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…Read More