Florida Retirement Systems and DROP
At Florida Retirement Advisors, we have worked with employees of the Florida Retirement System for 30 years and have developed what we refer to as “Exit Strategies” when considering retiring out of the system. Our plan knowledge aids current system employees, as there are two retirement pension plans available and a second election choice for those who might find it beneficial to change from one pension plan to the other.
Deciding which plan would be most beneficial may not be as easy as you might think. We provide a personal work-up of your retirement projection numbers utilizing the resources on the MyFRS website. Our strategy will assist you in understanding the difference between the two pension plans and which one might be the best choice for you.
There are a number of factors to consider, some of which involve monthly income to sustain your retirement lifestyle, money left over for heirs at death, moving money from the State of Florida to you own Estate, and the question of whether or not life insurance might be a viable option in improving some of these choices.
Making the right choices could help contribute to retiring only once! Making the right retirement decision the first time will be one of the most important decisions you will make in your lifetime, so make sure you get all the information available prior to making this decision!
The work-up we provide will be complimentary in which we will lay out three "Exit Strategies" to consider; one being to remain in the plan. We believe that our efforts in building relationships, rather than charging upfront fees for our service, is the best way to serve our clients. The income and investment solutions we offer through top financial investment companies and insurance carriers have assisted many retiree's in living their retirement years with dignity.
Give us a call or email today for your free consultation!
Further information can be found by clicking the appropriate link: