I am a retirement specialist serving school districts in Florida. I want to encourage all school district and state employees to please be aware of your state’s retirement program basics. We speak to many of the teachers and staff and find that they are not aware that their pension is partial. They are unaware of the impact of beneficiary choices. DROP is not for everyone so before you sign up please reach out to me.
Unfortunately, many feel that variable 403b’s and retirement accounts are their only option. I would love to share another option with you. Currently, I only service Florida teachers, staff, and workers, so if there are any Florida teachers and/or staff on the line and you would like a detailed retirement analysis please reach out to me. Even if you have a non-state job, I may be able to help you. My main focus is on the education of working people so that they may make informed retirement account choices.
PS: We have software that is strictly dedicated to School employees. If you live outside of Florida, we have agents in just about every state.
I don’t think this is appropriate for this forum. I understand you may be trying to help people with retirement planning, but your offer to have people reach out to you with questions doesn’t seem like it belongs here.
Thank you for recognizing the importance of understanding retirement programs. In addition to the Deferred Retirement Option Program (DROP) and variable 403(b) plans, there are several other key programs that can impact your retirement planning:
Florida Retirement System (FRS) Pension Plan: A traditional defined benefit plan providing a steady monthly income based on your years of service and salary.
FRS Investment Plan: A defined contribution plan where you can direct your investments and see benefits based on their performance.
Special Risk Class: For roles related to safety and security, offering enhanced benefits and eligibility criteria.
401(a) Plans: Customizable employer-sponsored retirement plans to meet specific needs.
Health Savings Accounts (HSAs): Tax-advantaged accounts for medical expenses in retirement.
If you’d like to explore any of these programs in detail or need assistance with a retirement analysis, please let me know. I’m here to help with any questions you may have!
Thank you for your message and for highlighting the importance of understanding retirement programs. It’s crucial for school district and state employees to be aware of their pension details and the implications of their beneficiary choices. Your advice on the Deferred Retirement Option Program (DROP) and the need to explore all options beyond variable 403(b) plans is greatly appreciated.
For additional context, here are some key retirement programs:
Florida Retirement System (FRS) Pension Plan: A traditional defined benefit plan providing a steady monthly income based on years of service and salary.
FRS Investment Plan: A defined contribution plan where you can direct your investments, with benefits based on their performance.
Special Risk Class: For employees in safety and security roles, offering enhanced benefits and eligibility criteria.
401(a) Plans: Customizable employer-sponsored retirement plans to meet specific needs.
Health Savings Accounts (HSAs): Tax-advantaged accounts for medical expenses in retirement.
I’ll definitely keep your offer in mind and reach out if I need a detailed retirement analysis or have any questions. Thank you for providing such valuable information and for your dedication to helping others make informed retirement decisions.
