Learn more about the different aspects of Florida’s DROP. Click on the informative articles below, then call Fraser Allport to set up your Complimentary Phone Consultation.
You may need to pay Income Taxes on a portion of your Social Security benefits, based on your Income. But knowing the Rules can help you minimize your Income Taxes as much as The Law allows.
Don’t be upset or surprised, but you are going to die. Not today ( I hope ! ), but someday. And like most people, you probably do not have “ Your House in Order ”. But doing some simple Estate and Legacy Planning could help give you Peace of Mind about your finances and final affairs.
As you plan for Retirement … You will have three major financial decisions before you : When to start your Social Security ? What to do with your DROP Lump Sum ? What to do about your Health Insurance and Medicare ?
Medicare has strict rules, important deadlines, penalties, and a maze of choices. It can all be costly and confusing. You need to be an Educated Consumer and a Smart Shopper.
Estimated cost for Health Care after age 65? Try $285,000 per couple in Assets needed today. It is estimated that the average couple will need $285,000 in today’s dollars for Medical Expenses in Retirement. That $ 285,000 does not even include Long Term Care and Home Health Care.
Living Longer … Paying More … Getting Less … Uh Oh
What does Retirement look like in Our Lifetime ? Living Longer – According to Stanford University … This generation of Retirees needs to plan for possibly living 30 Years in Retirement.
In 2019, the annual earnings limit for those under Full Retirement Age (FRA) is $17,640. That means in 2019 you can earn up to $17,640 and still receive all your Social Security benefits with no penalty, even if you are not yet at Full Retirement Age. This...
The Health Insurance Subsidy (HIS) is a monthly supplemental payment that helps to offset the cost of the member’s health insurance premiums. Eligible retirees or beneficiaries will receive a monthly HIS benefit
From Fraser Allport, The Total Advisor™ 386.882.6256Learn why some people are happily retired, while others are stressed about their finances.The Differences Between Happy and Unhappy Retirees - 8 Easy Tips :# 1 : Some Retirees are Happy, While Others are...
Fraser’s “ 10 Step System ” helps you take control of your finances, health, and well-being with a holistic approach, so that your Retirement is the best chapter in Your Life Story.
What happens if you die while you are still in the DROP ?Who are the Beneficiaries for your Lump Sum Money ?There are specific FRS DROP Beneficiary Forms that need to be completed, in writing, and then filed with FRS.Have you done this ? Have you confirmed...
With 37 Years of Experience in Financial Services, Fraser Allport can help you with all your DROP and Retirement needs. Your lump-sum DROP money is paid in one of three ways. Your choices :As a lump-sum payment, with mandatory 20% withheld for Federal...
Once you retire ... You will have many decisions, deadlines, and forms. You will face decisions about your DROP, Social Security, and Medicare (or your Health Insurance options if you are not yet Medicare eligible.) Also, what are your choices with...
Your lump-sum DROP money is paid in one of three ways:
1. As a lump-sum payment, with mandatory 20% withheld for Federal Income Taxes.
2. As a direct 100% rollover to your own personal “Self-Directed IRA Rollover” investment account.
Once you retire ... You will need Health Insurance: Medicare, as well as Home Health Care. What are your Plans for these two coming Needs of Yours? An evolution in avoiding Nursing Home confinement is occurring for all of us as we age. It's about...
Now that your participation in the Florida Retirement System’s “Deferred Retirement Option Program” (DROP) is ending, it’s time to decide how to take your DROP payment. Fraser Allport is a Specialist in the DROP Program.
As you prepare to Retire ...You will have many decisions, deadlines, and forms. Congratulations on your upcoming Retirement ! You are about to make some of the most significant and consequential decisions of Your entire Life. You will need to make...
As you head into Retirement, You have three major decisions in front of you : What are your choices for your DROP Lump Sum money ? When should You start Social Security ? Can You utilize Spousal Strategies ?
What are your choices for Medicare and Medicare Supplements ?
Get all the facts ! Choosing when to apply for your Social Security, and how to maximize ” Spousal Benefits ” , will be one of the most significant financial decisions of your entire Life.
What Happens to Your DROP Lump Sum Money when You Retire ? With 37 Years of Experience in Financial Services, Fraser Allport can help you with all your DROP and Retirement needs.
As you prepare to Retire, you are about to make some of the most significant and consequential financial decisions of your entire Life. Whether it be Social Security, Medicare, or where to invest your DROP Lump Sum…
What happens when you cannot care for yourself, or for others, because you cannot perform at least two of the six Activities of Daily Living ? Medicare is not the answer, because Medicare does not pay for chronic illness.
There can be substantial differences in benefits and costs between Original Medicare versus a Medicare Advantage Plan, so a person is wise to research and compare how the two differ.
For many people, the answer is yes. But proactive planning before you retire could help you minimize Income Taxes on your retirement income. After years of planning for that perfect retirement, diligently investing your money, drawing up detailed budgets and wisely investing your assets, you still have one more big issue and expense: Income Taxes.
A person tells me that they are going to invest their DROP into Mutual Funds. Then that person cannot answer how a Mutual Fund really works, or the Risks and Fees involved.
Millions of seniors rely on Medicare in retirement, but if you’re not proactive, you could end up paying more for your health coverage and miss out on key benefits the program has to offer. Here are a few Medicare mistakes to avoid.