Options for DROP Lump Sum Money at Retirement

With 42 Years of Experience in Financial Services, Fraser Allport can help you with all your DROP and Retirement needs.

Understanding Your DROP Lump Sum Options

Your lump-sum DROP money is paid in one of three ways. Your choices are:

1. As a lump-sum payment, with mandatory 20% withheld for Federal Income Taxes.
2. As a tax-free 100% rollover to your own personal “Self-Directed IRA Rollover” investment account.
3. As a combination: a partial lump-sum payment to you, with 20% withheld for Federal Income Taxes, and then the remainder rolled over non-taxable to your new Self-Directed IRA.

What is a “Self-Directed IRA”?

Do you know how to complete all of your DROP Exit paperwork, the process, and the deadlines? Fraser can help you complete your DROP Termination paperwork the right way. He can also help you establish your new Self-Directed IRA Rollover account correctly.

Your DROP Lump Sum can “roll over” non-taxable to your new IRA, and then we choose how to prudently invest this DROP Rollover money for you. Together, we can set up your new IRA to pay you a guaranteed lifetime monthly check.

Planning for Retirement Income

In your retirement, wise planning could get you three guaranteed lifetime monthly checks: your DROP, Social Security, and IRA checks. Wow – three lifetime checks!

You are in the DROP. Good for you. That’s a smart move. But do you fully understand your DROP? The DROP is a wise move, but it can get complicated. There are many DROP forms, choices, decisions, and deadlines. Do you understand all the details, rules, and regulations? Plus, your rights and responsibilities in the DROP System?

Why You Need to Get Involved

Your DROP requires your attention. Not a lot of your time, but a little of your time. It’s a good investment to spend some time with your DROP because it’s your money, and every day in the DROP counts. So get involved with your retirement money today. No one can care more about your money than you.

Making Informed Decisions

Learn more about your DROP because it’s your money. That makes common sense, right? Understanding your investments, pension, and retirement is crucial. Getting smart about your DROP is essential. Make a decision to start today because every day in the DROP matters for you.

Fraser Allport can make learning about your DROP fast, fun, easy, and free. Your DROP decisions today will be with you financially for the rest of your life, literally. Please accept Fraser’s invitation below for a complimentary 15-minute phone consultation to answer your DROP questions. It is never too early to plan for your retirement.

Secure Your Future

Consider integrating Daytona Beach FL Annuity Insurance into your retirement strategy to further secure your future. With Fraser’s expertise, you can make informed decisions and ensure a comprehensive retirement plan.