A plain-English checklist to help Florida Retirement System members organize key decisions before leaving DROP — including payout options, rollovers, taxes, pension benefits, Social Security, and Medicare.
A guided walk through the questions most FRS members consider before leaving DROP — designed so you can review each topic with the qualified professionals you already trust.
Key DROP timeline checkpoints and election deadlines to confirm with HR and FRS.
Considerations for direct rollovers, lump-sum payouts, and combination strategies.
Federal and state withholding considerations to discuss with a qualified tax professional.
Survivor options, single-life options, and how each may fit a household's needs.
Enrollment timelines, Initial Enrollment Periods, and coordination notes.
Questions to ask before choosing an advisor and a notes area for follow-up.
Your pension, DROP payout, taxes, investment accounts, healthcare decisions, and income needs may all connect. This checklist is designed to help you organize the conversation and avoid making decisions without a clear plan — so you can review each piece with the qualified professionals you trust.
Tell us a little about you and we’ll send the checklist to your inbox. It’s free and educational — no advice is provided through this form.
Benowitz Wealth Management is an independent wealth management firm focused on helping Florida public employees, FRS members, retirees, and families make informed retirement decisions. We help clients think through how pensions, DROP funds, investment accounts, Social Security, Medicare, taxes, and long-term family goals may work together.
After downloading the guide, you may still have questions about how your choices fit together. If you would like help reviewing your FRS benefits, DROP decisions, retirement income strategy, or investment plan, you can schedule a conversation with our team.
A consultation does not create an advisory relationship and should not be considered individualized investment, tax, legal, insurance, or retirement advice.
Benowitz Wealth Management is an independent investment advisory firm and is not affiliated with, endorsed by, or sponsored by the Florida Retirement System, the State of Florida, the Florida Division of Retirement, the Social Security Administration, Medicare, or any government agency. This material is for informational and educational purposes only and should not be considered individualized investment, tax, legal, insurance, or retirement advice. Please consult with qualified professionals regarding your specific situation.
