FRS DROP Interest Rate Increase to 4% - How this will impact your DROP Amount

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.
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We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Securities and advisory services offered through Madison Avenue Securities, LLC. Member FINRA/SIPC and a Registered Investment Adviser. Anders Retirement & Investment Advisors and Madison Avenue Securities, LLC are not affiliated companies.
Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. Anders Retirement & Investment Advisors is not affiliated with, or endorsed by, the Florida Retirement System or any other governmental entity.

[@jrossjr11]

Very good vid, I got wayyyyy more info here than what my agency provided ty!

[@radiotech181]

Thank you for this great info it is very helpful!

[@crisduran2876]

When you go into drop is the amount that goes in taxed going in or taxed coming out?

[@AndersRetirement]

We did a video on how the DROP money is taxed: ua-cam.com/video/FBrekkfjhR0/v-deo.html

[@generalwashington978]

It will be tax coming out

[@eyedee203]

Any word on potential of cola going to 4%? Heard there was talk about them bringing it up next legislative session.

[@AndersRetirement]

ua-cam.com/video/YWhw6BXGsCM/v-deo.html