When you are faced with a major life change or decision such as leaving a long-time employer, most likely you have a lot on your mind during this transition. You'll have new decisions to make when it comes to retirement planning. And with the Deferred Retirement Option Program (DROP), you will face additional decisions.
Count on us for guidance and a DROP solution that fits your needs. We're here to help you plan with confidence and a positive eye toward the future.
We'll explain your options and the potential impact each choice can have on your DROP money.
DROP decisions to consider:
- Tax consequences
- Suitable investments
- Timing
Deciding what to do with the money in your DROP account is important. You have several options to choose from within specific timeframes. Otherwise, the money will default to a lump-sum distribution.
We'll help you take the best action to make a prepared, informed decision. Contact a Corebridge financial professional at your earliest convenience.
