A turnkey Retirement, Social Security, Health Insurance, Income Tax, and Estate Planning Firm. Concierge Service since 1982.
Florida DROP Library
Fraser Allport is a Specialist in the DROP Program. Fraser has been a Self-Employed Independent Advisor for 39 Years. He will educate you on your DROP choices. Fraser will guide you through the DROP exit process to ensure that all of your Retirement Needs and Goals are met. Fraser offers you a Complimentary Phone Consultation to help you with the following DROP issues, and any other financial questions on your mind as well
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.
Because you participate in The Florida Retirement System’s DROP . . . Now is the time to be even more attentive and proactive about your Money.
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.
Income Taxes are The Forever Bill. They are often a person’s single largest expense. Even after Death.
Recent Market Volatility has once again proven the old adage that Markets fall faster than they rise, and that trees do not grow to the sky. Like Endless Summer … all Bull Markets end.
Starting your Social Security Benefits will be one of the most important financial decisions of your entire Life.
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.
A Wedding, like Your Retirement … is A BIG DEAL. You certainly would not start wedding planning just a few months or weeks before the date !
Medicare Open Enrollment runs from October 15 to December 7, but did you know you can get an early look at next year’s health plans and prescription drug plans starting on October 1?
On-Demand Webinar presented by Fraser Allport, a Fiduciary & DROP Specialist.
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.
You know why you want to work with a Fiduciary ? Because it’s YOUR Money at stake, not a Broker’s. If you get smart about your money … you will likely have more of it.
You’re about as likely to guess how much money you’ll need for retirement as you are to predict exactly how long you’ll live. Yet in order to live comfortably in your senior years, you have to come up with estimates for both.
A Medicare Supplement Policy ( aka – Medigap ) is designed to pay those out-of-pocket medical expenses not covered by Medicare. Buying this policy is optional. It is issued by a private insurance company, not the U.S. Government.
Fraser Allport is a Certified Estate Planner™ and offers the following services: Health Insurance and Medicare choices, Social Security and Retirement Planning…
Your lump-sum DROP money is paid in one of three ways. Your choices are …
Social Security Benefits are an income stream you can’t outlive. That’s the simple definition of an Annuity : Guaranteed Lifetime Income, even if you outlive your Principal.
The reason that Seniors worry about their Health Insurance is because, in America, it’s the Medical Bills that will kill you.
A very simple fact about Medicare is that it is not free, nor does it cover 100% of your Medical Expenses. There are deductibles, copayments, and coinsurance that still need to be paid.
According to The Stanford Center for Longevity … Get Ready for 30 Years of Retirement.
You first need to understand how your full retirement age and claiming age can affect your payout.
You are in the DROP. Good for you. That’s a smart move. But do you fully understand your DROP ?
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.
Nothing in the world can take the place of
P E R S I S T E N C E
According to Stanford University’s Longevity Center … Get ready for 30 Years of Retirement. But are you financially prepared for Longevity ?
Half of Retirees say that they wish they’d budgeted more for these expenses. You’re about as likely to guess how much money you’ll need for retirement as you are to predict exactly how long you’ll live.
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...
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.
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
Whether you quit on your own accord, are fired, or laid off, leaving a job can be hectic. In the midst of the transition, dealing with a retirement account might get pushed pretty low on your To-Do list.
I have been in business for 39 Years. I will be here when you need me.
If You are within 5 years of Retiring … it is time to start planning for the next chapter in Your Life. When it comes to retiring from DROP … most participants plan only a few months in advance.
When you retire, it is wise for you to seek out the advice of Professionals to help you invest your DROP Lump Sum and “ Get Your House in Order ” with wise Estate Planning.
Attention DROP Participants : Do you need help with your DROP, Social Security, and Medicare choices, deadlines, and paperwork ?
Because you participate in The Florida Retirement System’s DROP . . . Now is the time to be even more attentive and proactive about your Money
Most Part D plans charge a monthly premium. Other Part D costs may include a yearly deductible and then co-pays or co-insurance each time a prescription is filled. The information below shows the types of costs that plans may apply.
Be a Good Shepherd of Your Money. Work with a Good Steward of Your Money. Your lump-sum DROP money is paid in one of three ways.
There are a number of different options to consider when signing up for Medicare. Medicare consists of four major programs: Part A, Part B, Part C and Part D. In addition, Medigap policies offer additional coverage to individuals enrolled in Parts A and B.
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.
When you retire, it is wise for you to seek out the advice of Professionals to help you invest your DROP Lump Sum and other Assets and “ Get Your House in Order ” with Estate Planning.
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...
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...
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...
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.
Your Income Taxes may just be the single largest expense in your Retirement. Income Taxes are “ The Forever Bill ”. You may need to pay Income Taxes on a portion of your Social Security benefits based on your Income.
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.
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.
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.
Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Millions of Seniors rely on Medicare in Retirement, but if you’re not proactive and well informed, you could end up paying more for your health coverage, have permanent lifetime penalties, and miss out on key benefits that Medicare has to offer.
Your # 1 New Year’s Resolution: Get Your House In Order with Estate Planning. Fraser is here to help you with Social Security, Medicare, Home Health Care, Retirement Planning, Estate Planning, Income Tax Reduction, Asset Protection, and “ Total Planning ” for individuals and business owners.