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

Easy Money Podcast: Episode 3 – 5 Needs of Money

By Anders & Anders Financial Group | Feb 24, 2017
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DROP Payout Option 2 – The “Stop DROP and Roll” Option

By Anders & Anders Financial Group | Feb 17, 2017

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…

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FRS DROP Payout Option 1 – The "I Love Uncle Sam" Option

By Anders & Anders Financial Group | Feb 10, 2017

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…

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Easy Money Podcast: Episode 1 – Introduction and Promises

By Anders & Anders Financial Group | Feb 3, 2017
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The "A" Word: What Are Annuities?

By Anders & Anders Financial Group | Feb 2, 2017

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…

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D.R.O.P. — A benefit to everyone

By Anders & Anders Financial Group | Jan 27, 2017

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…

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5 Needs of Money: Types of Income

By Anders & Anders Financial Group | Jan 17, 2017

5 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…

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5 Needs of Money

By Anders & Anders Financial Group | Jan 1, 2017

5 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,…

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FRS Investment Plan / Lump Sum Option

By Anders & Anders Financial Group | Dec 27, 2016

In 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…

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The Importance of Questions

By Anders & Anders Financial Group | Dec 20, 2016

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.  …

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