Younger Baby Boomers are expected to face more financial struggles than older Boomers thanks to diminishing work pensions, rising tuition and health care costs, and changing eligibility requirements for Social Security. They can offset these obstacles by delaying retirement and working with a financial advisor to plan ahead and save sufficiently.
read more »
Know the difference between defined benefit and defined contribution plans to be better prepared for retirement.
read more »After careful planning and saving, avoid making common retirement mistakes that could hurt your financial security. Resist the temptation to react quickly to market dips, don’t miss Medicare enlistment deadlines, and consider delaying social security benefits to increase your lifetime payments.
read more »
Strategies to maximize your spending power and preserve your savings with required minimum distributions.
read more »
With excellent credit, significant savings and a trusting nature, seniors are often targeted by scammers. Learn how to avoid these criminals’ tactics and prevent devastating financial loss.
read more »
With social security payments fluctuating wildly depending on the start date, it is critical to understand when to begin collecting the retirement benefit.
read more »
Retirement challenges are frequently unexpected yet can wreak havoc on securing a stable financial future.
read more »
Florida employees face an important financial decision before officially retiring: select DROP or Second Election? Read more for related pros and cons and sample scenarios.
read more »
Dear FRS Member, Are you wondering what pension option you should take? Silverman Financial Inc. is a local independent financial If you work for the State of Florida and are part of the Florida retirement System, by default you will accumulate benefits in the monthly pension plan. The amount that you will ultimately receive is […]
read more »
Members may look into purchasing creditable service with FRS to increase their ultimate retirement benefit while in the Florida Retirement System Pension Plan. The additional service credit applies only for past service. To qualify for the purchase of service credits, members must meet certain requirements. Past service would apply for certain military service, approved leaves […]
read more »