… for being in a position to begin considering your retirement options within the Florida Retirement System (FRS). The decision to retire requires considerations that will affect your comfort and financial well being for the rest of your life. FRS requires that you make those decisions in a timely manner, and must be completed with in the “election period” allotted. You must consider your pension and what it provides; income to cover living expenses, earnings from other investments, how your FRS options might affect your personal net worth, the need for insurance, and any tax ramifications your choices may cause. Many of the decisions you must make are irreversible, therefore it is important that you educate yourself. Some things we suggest:
- Research your options through the Division of Retirement
- Visit MyFRS.com to find your projected retirement values.
- Consult a trustworthy financial advisor
- Obtain advice from a reputable tax expert
The good news – as a member of the Florida Retirement System you have excellent opportunities to plan for your future financial security. There is a wide selection of choices within the system, and understanding how these options will best suit you is not that difficult. Along with the standard Pension, you also may choose the DROP program, the FRS Investment Plan, or, after retirement, you may choose to “rollover” the lump sum value of your plan into a self-directed IRA, where YOU have complete control over your finances. Selecting the best option for you and your family may well be the most important decision you ever make.
Our goal is to provide you with the necessary tools to make the most appropriate decision for YOUR particular circumstances. Your decisions will affect your quality of life in retirement, and your families after you are gone. Call or email us today, and set up an appointment to start planning your future today.
6000 Poplar Avenue Suite 150 Memphis, TN 38119 (800)726-0557
Mark A. Davy MDavy@capsecurities.com |