6 Reasons You Might Choose The Investment Plan vs Pension Plan for FRS Participants

[@jrossjr11]

Thank you for the video!

[@angelromero8076]

Awesome and helpful information. 🙏🏼 Thanks

[@brisnmackail4047]

From what I’ve heard is the state of Florida is betting on you passing away. They make money off your pension. I’m thinking of switching to the investment.

[@zeus_bets1308]

Hello. Thanks for the video. Would you suggest some one to go the pension route if they plan on staying with Myfrs for 32 years? Thanks for your time

[@HeavenlyAngels85]

Do you help with trust or ULL?

[@mariaelenarivas6055]

Is it too late to switch if I plan to retire from drop in three months?

[@AndersRetirement]

@@mariaelenarivas6055 if you’re already in DROP then you can’t switch to the investment plan

[@rickspence979]

I'm looking into this for my daughter. One advantage I see to DROP is that (in her case) she can accumulate 8 years of pension income tax free - roll it over into some form of IRA I assume - then take the $ as she likes while keeping it invested in something like T-Bonds. This seems to give the security of a pension for life plus a lump sum to use as and when she wants and which can stay invested.

[@AndersRetirement]

Some of that is accurate and some is not. It accumulates tax deferred, not tax free. And T-Bonds is limited on the purchase premiums and there are probably going to be more consistent investments she could pick.

[@glowsprite]

Can you please tell me what LTC annuity option you discussed. I am 55 and worried about it…I’m in Florida. This is very important as I am single. Please respond!

[@AndersRetirement]

It’s different for every situation - there are dozens available and each one caters to a different person. If you want to book a phone call we can get you a quote