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.
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.
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.
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!
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
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.
Thank you for the video!
Awesome and helpful information. 🙏🏼 Thanks
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.
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.
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
Do you help with trust or ULL?
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!
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