Florida DROP Program

Florida DROP Program Guidance

Helping You Make the Most of Your Retirement Options
If you're a member of the Florida Retirement System (FRS), you may be eligible for the Deferred Retirement Option Program (DROP)—a powerful tool that can help you maximize your retirement benefits. As a Florida-based financial advisor with deep expertise in DROP planning, I’m here to help you navigate your options with clarity and confidence.

What Is the DROP Program?
DROP allows eligible FRS Pension Plan members to “retire” while continuing to work for up to 60 months. During this time, your monthly retirement benefits accumulate in a DROP account, earning interest, while you continue to receive your regular paycheck. When you officially leave employment, you receive your DROP funds as a lump sum, rollover, or a combination of both.

Why DROP Planning Matters
While DROP offers a unique opportunity to boost your retirement savings, it also comes with important decisions:

When should you enter DROP?
How will your benefits be taxed?
What are your rollover options?
How can you invest your DROP payout wisely?
These choices can significantly impact your long-term financial security. That’s where I come in.

Personalized DROP Strategy
I specialize in helping Florida public employees—teachers, law enforcement, state workers, and more—understand and optimize their DROP benefits.

Together, we’ll:

• Review your eligibility and timing
  
• Forecast your DROP accumulation
  
• Explore rollover and investment options
  
• Minimize tax implications
  
• Align your DROP strategy with your broader retirement goals
  

Let’s Build Your Retirement Roadmap
Whether you're considering entering DROP or preparing to exit, I’ll help you make informed, confident decisions every step of the way. With local insight and a personalized approach, I’m committed to helping you turn your hard-earned benefits into lasting financial freedom.

📞 Ready to talk DROP? Contact me today to schedule your complimentary consultation

Office: 352-338-1560

Fax: 352-338-1560

Haile Village Center

5055 Southwest 91st Terrace, Suite 102,

Gainesville,FL32608
darrin@markeywealthmanagement.com