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