The State of Florida DROP Plan

Deciding what to do with your DROP assets is not a simple decision.  Neither is choosing suitable investments for a rollover strategy.  That is why it is important to consult with a financial professional who can help you view these decisions within the context of your individual circumstances. 

Since you are a participant in the Deferred Retirement Option Program (DROP) and your DROP period ends soon, you will be faced with a decision about your DROP account money.  As a result, you may have questions, such as:

  • What are my options?
  • What choices are right for me?
  • How will my DROP funds be distributed?
  • Will my money be taxed?
  • Should current market conditions affect my decision?
  • How do I stay ahead of inflation?
  • Whom can I trust?

Island Wealth Advisors, LLC is an approved vendor through Voya Financial for the State of Florida’s Deferred Compensation Plan 457(b) and an approved vendor through Voya Financial and Great American Insurance Group for the school boards’ 403(b) plans.  We have the expertise to help you enroll in your employer based 403(b) or 457(b) and to help you explore your DROP choices and find the one that is suitable for you.

Contact us and get the guidance you may need to help you plan for your future and to make the appropriate DROP decisions, based on your individual needs, retirement goals, and risk tolerance.  We can also provide you with access to a range of products, services, and support to help maintain a comfortable life during your retirement years.


Securities and investment advisory services offered through Brokers International Financial Services, LLC. Member SIPC.  Brokers International Financial Services, LLC is not an affiliated company. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact John Hargraves at (904) 600-9258.