Inspired By Excellence & Innovation

We offer a wide range of retirement planning expertise.

The team at DropBasics are experienced Retirement Plan Consultants with a demonstrated history of working in the investment management industry. Skilled in Deferred Compensation, Securities, Retirement Planning, Mutual Funds¹, and advanced retirement plan construction and design for 401(k) and 403(b). Experienced in correcting retirement plan design errors where plans fail non-discrimination testing.

Our parent firm, 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 Florida 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 right for you.

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ADVICE IMPROVES OUTCOMES

Financial markets can be volatile, which causes many individual investors to make poor short-sighted decisions. This is exacerbated in the absence of good investment advice with proper asset allocation. The right advice may make the difference between a comfortable retirement and a struggle.

PLANNING MATTERS

Successful financial outcomes are affected by decisions investors make years before they retire. For example, investing $3 per day versus buying a cup of coffee an investor may accumulate $3,500 in 3 years. The amount you should save depends on your assets, goals, income, liabilities, time horizon, and other factors.

MANAGING TAXES

Upon termination of employment, DROP Participants will have 30-days to select their payment option. They may avoid potential federal taxes and mandatory tax withholding by choosing the correct rollover option. Establishing a plan prior to retirement can help ensure that DROP payments effectively tax managed.

ONLINE TOOLS

We believe anyone can be a successful investor by following some basic planning principles. The DropBasics calculators available on this site are provided to help DROP participants to find the information they need to understand their financial situation and make better decisions for their retirement.

Island Wealth Advisors does not offer legal or tax advice.  Please consult the appropriate professional regarding your individual circumstance.

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    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.

    ¹Mutual Funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds.  The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional.  Be sure to read the prospectus carefully before deciding whether to invest.

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