Florida Retirement System Podcast

The Importance of Wills & Trusts in Retirement

It's everyone's favorite topic: estate planning. Okay, so likely not, however, it is something that does need to be discussed and be a part of your retirement plan. In this video, Don goes over the importance of having a will and trust and how to use them. https://trustandwill.com There is no compensation exchanged between Don Anders and trustandwill.com. Anders and Anders Financial Group, MAS and trustandwill.com are not affiliated entities. We are an independent financial services firm ...

The 5 Needs of Money: Liquidity

Income, Safety, Growth...what's next? Some people want to keep their money available as cash; ready to use. This is called liquidity. As our video series continues, Don discusses the next need of money: liquidity.

The 5 Needs of Money: Growth

Income, Safety, what's next? As part of this video series, Don covers the 5 Needs of Money. In this video, Don discusses the next need: Growth.

The 5 Needs of Money: Safety

After covering Income in our previous video, Don goes through the next need of money: Safety.

The 5 Needs of Money: Income

The 5 needs of money, what are those? After many appointments and talking with several clients, Don has come up with what he believes are the 5 Needs of Money. In this video series, we will break down all 5 of those needs, starting with Income.

The Benefits of Dividends in Retirement

Having diversity within your retirement portfolio can be beneficial. Some retirements pay out dividends and do reinvestments. In this video, Don discusses the benefits of dividends within your accounts, and how it can work best for you.

Florida Retirement System Employees: Review Your 403b

Are you apart of the Florida Retirement System? Do you have a 403b retirement plan? Now is a great time to review your 403b. We invite you to schedule a complimentary phone consultation with one of our advisors to do an analysis of your plan and see if it compares to today's rates.

Should You Exit DROP Early?

Should I stay or should I go? Like many FRS employees, that's a statement you've likely said before. You probably have worked for many years and as you are approaching your full retirement age, you might consider leaving early for a multitude of reasons. In this video, Don goes over the options you have whether you choose to exit early, or whether you choose to stay longer.

Market Based Accounts for Florida Retirement System Employees (Late-2023 Update)

Dividend accounts, bond funds, cryptocurrency...which is the best option for you? Of course, each person and situation is unique, but in the third and final part of this video series, Don discusses the benefits of using market-based accounts within your portfolio.

2023 Fixed Indexed Accounts for FRS Employees

As the stock market gets more volatile, many people seek lower-risk investments for their retirement money or FRS DROP Rollovers. In part two of this video series, Don discusses the types of Fixed Indexed accounts he likes that offer principal protection and still give a competitive return. Sources: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-strategy-and-corporate-finance-blog/markets-will-be-markets-an-analysis-of-long-term-returns-from-the-s-and-...

2023 Fixed Accounts Options for FRS Employees

As the stock market gets more volatile, many people seek lower-risk investments for their retirement money or FRS DROP Rollovers. In part one of this three-part video series, Don Discusses the 3 types of accounts he likes that offer principal protection and still give a competitive return. Sources: https://bondbloxxetf.com/bondbloxx-bl... https://www.bankrate.com/banking/savi...

Should You Wait to Enter FRS DROP / Florida Retirement System DROP Enter Deadline

If you're considering entering the FRS DROP Program, you can now defer entering for as long as you'd like and there is no deadline to enter into the Florida Retirement System DROP Program.  In this episode, Don Anders discusses what options you have for deferring DROP, the pros and cons of staying longer, and who is eligible to do so.  ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.com/ https://www.facebook.com/andersretirementFRS/ htt...

Should You Put Your DROP Money Into A Bonus Annuity?

In this episode, Don Anders gets into what a Bonus Annuity, or what some insurance salespeople call the DROP Bonus Program, really is and the pros and cons of these Bonus Annuities.  ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.com/ https://www.facebook.com/andersretirementFRS/ https://www.instagram.com/anders.retirement https://twitter.com/AndersFinancial https://www.linkedin.com/andersretirement Bonus annuities are not offered as a...

Is it Time to Review Your Old Annuity? / Take advantage of 2023 interest rates

To book an appointment with one of our advisors you can click here: https://calendly.com/andersfinancial/review-your-annuity If you have an Annuity or CD that was purchased prior to 2022, you may want to sit down and review your options. With much higher interest rates, you may be able to transfer your old account into something that will pay you a higher rate.  In this episode, Don Anders discusses the options you have to potentially take advantage of current interest rates.  To book an ...

Florida Unused Sick Leave and PTO: Special Pay Plans Explained

Some participants of the Florida Retirement System see that their unused sick leave gets added to an account automatically. How does that work? What options do you have? In this episode, Don Anders discusses the intricacies and nuances of those special pay accounts and the options available to you as an employee. To book an appointment with one of our advisors you can click here: https://calendly.com/andersfinancial/special-pay-plan ------------------- Visit our website and social media: h...

How Much Risk Should You Take With Your DROP and Retirement Money?

Do you know your risk tolerance? Is your risk tolerance the same as when you started your investments? In this episode, Don Anders describes what risk is, and how your risk changes over time, and goes through a screen share utilizing software to show how you can analyze your risk tolerance today. Ready to take the Riskalyze quiz? Click here: https://pro.riskalyze.com/embed/c15979a5cfd5e5f0c87c To book an appointment with one of our advisors you can click here: https://calendly.com/andersfi...

Working with Anders Retirement & Investment Advisors

When it comes to your retirement, you want to choose an advisor that works in your best interest and one that you can trust with your hard-earned money. In this video, Don Anders discusses what it is like working with Anders Retirement & Investment Advisors including fees, structure, and what options are available to you.

2023 Florida Retirement System C.O.L.A Updates

Cost of living adjustment, aka, COLA. Many Florida Retirement System participants have had questions regarding COLA in regards to SB 7024 being signed. In this video, Don Anders discusses how COLA works, the most recent changes, and changes you can expect after the newest bill was signed.

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

Investment Plan vs Pension Plan. Pension Plan vs Investment Plan. Which one is right for you? In this video, Don Anders discusses 6 reasons why you might select the investment plan, rather than the pension plan, as a Florida Retirement System participant. 

FRS DROP Interest Rate Increase

With the recent changes to the FRS, many have wondered how their retirement will be impacted by the new investment plan rate increases. In this video, Don Anders does a screen share utilizing Investor.Gov to illustrate how those rate increases change your retirement.

FRS SB 7024 - FAQs

On June 5th, 2023, Florida Governor Ron DeSantis signed SB 7024, thus making changes to the Florida Retirement System. In this video, Don Anders is covering some of the frequently asked questions we have received to help clarify some of these changes and how they impact your retirement.

2023 FRS Investment Plan Contribution Changes

As of July 1st, 2023, Ron DeSantis signed a bill that make changes to the Florida Retirement System. In this video, Don Anders discusses the changes that impact the investment plan. For those who are a part of the investment plan, you will be seeing an increase in your plan (that's a benefit!) at no cost to you.

2023 Health Insurance Subsidy Update

As of July 1st, 2023, Ron DeSantis signed a bill that make changes to the Florida Retirement System. In this video, Don Anders discusses the increase in the Health Insurance Subsidy with the dollar breakdown.

2023 Special Risk Employee Update

As of July 1st, 2023, Ron DeSantis signed a bill that changed the FRS in numerous ways. In this video, Don Anders discusses the impact it has on Special Risk Employees. If you're a Special Risk Employee, you now have new options when it comes to your retirement timetable.

July 2023 FRS DROP Updates

As of July 1st, 2023, Ron DeSantis signed a bill that make changes to the Florida Retirement System. In this video, Don Anders discusses these changes and how they could potentially impact your retirement.

Should You Put All Your FRS DROP Money Directly Into The Market?

Don Anders discusses investing your Florida Retirement System DROP rollover directly into the stock market inside of your deferred comp 457, 403b, FRS Investment Plan, IRA, or other retirement vehicles. Don Discusses the concept of dollar cost averaging as a way to reduce your risk when investing lump sums of money. 

Spousal Life Expectancy for Florida Retirement System Pension | FRS Pension Option 4 Explained

In part 4 of this video series, Don discusses the 4th Florida Retirement System pension option: Spousal Life Expectancy. ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.com/ https://www.facebook.com/andersretirementFRS/ https://www.instagram.com/anders.retirement https://twitter.com/AndersFinancial https://www.linkedin.com/andersretirement

Spousal Pension Option for Florida Retirement System Pension | FRS Pension Option 3 Explained

In part 3 of this video series, Don discusses the 3rd Florida Retirement System pension option: "Pension Forever for Me & My Spouse" ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.com/ https://www.facebook.com/andersretirementFRS/ https://www.instagram.com/anders.retirement https://twitter.com/AndersFinancial https://www.linkedin.com/andersretirement

"Ten Year Certain" for Florida Retirement System Pension | FRS Pension Option 2 Explained

In part 2 of this video series, Don discusses the 2nd Florida Retirement System pension option: Ten Year Certain ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.com/ https://www.facebook.com/andersretirementFRS/ https://www.instagram.com/anders.retirement https://twitter.com/AndersFinancial https://www.linkedin.com/andersretirement

Understanding Medicare for Florida Retirement System Retirees

If you'd like to book a complimentary Medicare Consultation Click Here: https://calendly.com/ariamedicare/medicareconsultation Don Anders sits down with Todd Labellman to discuss Medicare and how it applies to FRS retirees. In this video, Don and Todd go into frequently asked questions about medicare from people exiting the FRS DROP Program and other Florida Retirement System retirees. They get into the different types of medicare plans, when the FRS participant can enroll in medicare, FRS ...

Pension Maximization for Florida Retirement System Pension | FRS Pension Option 1 Explained

How to Plan Your Retirement from the FRS DROP Program

Don Anders discusses how to create your retirement plan before you exit the FRS DROP Program. If you're worried about income, risk, DROP Rollover, or anything else, this video will walk you through how our advisors at Anders Retirement & Investment Advisors put together retirement plans. If you'd like to speak with one of our advisors feel free to click this link to schedule your complimentary phone appointment: https://calendly.com/andersfinancial/wpresidents

Top 3 Fixed and Safe Investment Options for 2023 | Retirement & FRS DROP Rollover Options

Don Anders discusses some of his favorite fixed account options for 2023.  As the stock market gets more volatile, many people are looking for lower-risk investments for their retirement money or FRS DROP Rollovers. Don Discusses the 3 types of accounts he likes that offer principal protection and still give a competitive return.  If you'd like to book an appointment to discuss Fixed Account Options you can do so here:  https://calendly.com/andersfinancial/wpresidents https://www.bankrate...

2023 FRS DROP Webinar Invite

If you're in the Florida Retirement System DROP Program, we'd like to invite you to our 2023 FRS DROP Webinar.  At this live webinar, our CEO Don Anders will discuss what you need to know about exiting DROP in 2023. We will discuss the 3 DROP rollover options, retirement timeline, FRS forms, investment options, taxation, and much more.  Click here to attend one of our upcoming 2023 FRS DROP Exit Webinars: https://event.webinarjam.com/register/696/w63q7col8 

FRS Podcast Jan 2022 Update: FRS Resources

Here is our 2022 DROP Rollover webinar: https://event.webinarjam.com/register/623/k375of22w Here is our DROP Exit Course for extensive information in short videos: https://andersretirement.thinkific.com/courses/florida-retirement-system-drop-guide Here is a link to our Calendly for a free consultation phone call on any questions you have: https://andersretirement.com/schedule-a-meeting/ ------------------- Visit our website and social media: https://frsdrop.com/ https://andersretirement.c...

FRS DROP Exit Guide | Free Course

If you're in the Florida Retirement System DROP Program, we've created a course just for you. This course will walk you through entering DROP and exiting DROP Step by Step. While this course doesn't give you investment advice, it does give you information on making an informed decision with you investments and how to plan for retirement. So if you're in the FRS DROP program or thinking about entering it, this course is for you. Click here to sign up for free.

Florida Senate Bill 84 (May 2021 Update)

Don Anders discusses the recent Florida Senate Bill 84 that was passed on the Senate but then died on the House floor. To attend one of our upcoming Social Security webinars click HERE

FRS Podcast Episode 14: Investing After Retirement

Finishing off this podcast series, Don emphasizes the possibilities and choices you still have with your financial plans in and throughout retirement. 

FRS Podcast Episode 13: Health Insurance Subsidy

Don and Alex Dingman discuss how if you get a Health Insurance Subsidy under the Florida Retirement System, you get $5 per year of service and how you can set that up to your benefit. 

FRS Podcast Episode 13: Health Insurance Subsidy

Don and Alex Dingman discuss how if you get a Health Insurance Subsidy under the Florida Retirement System, you get $5 per year of service and how you can set that up to your benefit. 

FRS Podcast Episode 12: DROP Payout Option 3

Don and Alex discuss the final of the 3 FRS DROP rollover options, which is what we refer to as the "Alaskan Cruise" Option. The name is in reference to how you can take out a specific amount for your personal use and rolling over the rest for the future. 

FRS Podcast Episode 11: DROP Payout Option 2

Don and Alex discuss the 2nd of the 3 FRS DROP rollover options is the 100% Rollover option. Our office likes to call it the “Stop, DROP, and Roll” option.

FRS Podcast Episode 10: DROP Payout Option 1

Don and Alex get into the first DROP payout option, which is a lump-sum cash-out option. As most people know, the FRS DROP account is pre-tax money, meaning that distributions to the participant is a taxable event. The FRS will send 80% of your total DROP balance to you and 20% of the total DROP balance to the IRS for taxes.

FRS Podcast Episode 9: Investment Plan

In this episode, Don and Alex discuss the FRS Investment Plan. It's a defined contribution plan, in which employer and employee contributions are defined by law, but your ultimate benefit depends in part on the performance of your investment funds.

FRS Podcast Episode 8: Pension Option 4

Don and Alex are discussing the 4 Pension Options you can choose from when you retire from the Florida Retirement System. Option 4 is a lifetime option for both participant and spouse, but if either the participant OR their spouse dies the pension is reduced by 1/3 for the rest of the surviving spouse’s life. Like option 3, this option payout is based on the participant’s spouse’s life expectancy.

FRS Podcast Episode 7: Pension Option 3

Don and Alex are discussing the 4 Pension Options you can choose from when you retire from the Florida Retirement System. FRS Pension Option 3 is a lifetime payment option for both the retiree and their spouse. This option is for spousal benefit only, and the reduction is based on the spouse’s life expectancy.

FRS Podcast Episode 6: Pension Option 2

Don Anders and Alex Dingman continue with your Pension Options in the Florida Retirement System, focusing today on Option 2.

FRS Podcast Episode 5: Pension Option 1

Don and Alex are discussing the 4 Pension Options you can choose from when you retire from the Florida Retirement System. FRS Pension Option 1 is a lifetime payment option for your life only. 

FRS Podcast Episode 4: DROP

In this episode, Don discusses one of the best features of the Florida Retirement System, the Deferred Retirement Option Program.  FRS DROP is a great feature for Florida public employees where they let you pay your pension into a separate account while they continue to work!

FRS Podcast Episode 3: Unused PTO (Vacation and Sick Leave)

Don talks about whether you should use all of your PTO, cash it out, or roll it into your deferred comp 457, TSA 403(b), BENCOR account, or other plan that is available to you at retirement. For more information, to register for one of our upcoming webinars, or to schedule an appointment, visit us at http://www.frsdrop.com