What is DROP?
What do I do when I retire?
Drop is a DEFERRED
RETIREMENT OPTION PROGRAM (DROP)
DROP provides you with an alternative method for
payment of your retirement benefits for a specified and limited period
if you are an eligible Florida Retirement System (FRS) Pension Plan
member.
Under this program, you stop earning service
credits toward a future benefit. Your retirement benefit is calculated
at the time your DROP period begins and your monthly retirement benefits
accumulate in the FRS Trust Fund - earning a monthly interest while you
continue to work.
Upon leaving employment for retirement, your DROP
account is paid to you as a lump sum payment, a roller or a combination
of the two. Your monthly income benefits are then paid to you in the
amount as calculated upon entry into DROP, plus cost-of-living
adjustments for intervening years.
There are many rules to the DROP that you must make
sure that you are aware of before electing to take your retirement
money. This is a wonderful program but if you do not consult with an
experienced advisor you may not realize the full potential of your hard
earned money.
We at Master Capital Wealth Management specialize
in the State of Florida retirement accounts and have been working
directly with employees of this great state for over 22 years.
These are just some of the advantages to you when
working with MCWM:
A Complete Financial Needs Analysis
(a plan designed around your needs, wants and
desires for your retirement years).
You have a Team of Licensed Financial Professionals
with over 150 years of combined
experience in all facets of retirement engineering working for you
personally!
This Team of Professionals
include a Financial Engineer, Tax Advisor, and
Fully Licensed Life, Health and Annuity Agents.
We work only with
Financially Strong and Nationally Recognized Companies representing your
unique needs.
A Comprehensive line of Retirement Solutions
including Annuities, Mutual Funds*, Long Term
Care, Life Insurance, Disability and Guaranteed Issue Insurances (for
those individuals that need these benefits and have been declined or
highly rated by other companies).
As your FRS Specialists and DROP consultants, we
take pride in knowing our clients are 100% at ease with the safety of
their retirement dollars. There are many options to consider and rules
to make sure you follow.
Let’s begin working for you by calling us today! We
will
provide you with a complimentary FRS Retirement Guide and Check List.
This list will ensure that you have done every step necessary to begin
enjoying your retirement. When working with us, we will assist you in
correctly completing all the forms to assure that there will be no delay
in receiving your retirement checks.
What are you waiting for,
Let us help you make an informed decision by
contacting us today at 407-339-5222 or
toll free at 800-865-0001.
You may also contact us by clicking on the
contact us
tab and completing the form. We will have one of our retirement
specialist contact you within 24 hours
We look forward to
working for you. We know you have worked hard for your money and we want to
make sure your money works hard for you!
*Through a Professional Affiliation
