Investing for Your Retirement

The most important step in retirement planning is making sure you’re saving enough. The next step is finding the right investment — to put your savings to work for you.

How to Choose an Investment Option

The Model Plan makes it easier for you to choose high-quality and low-cost investment products. These products received a seal of approval for inclusion in the Model Plan from Florida’s leading education organizations working in your best interest.

Florida’s school employees can invest their 403(b) savings in annuities and mutual funds. Within the Model Plan, American Century Investments, PlanMember Services and Security Benefit offer mutual funds. Equitable, PlanMember Services, Security Benefit and VALIC offer annuities.

Learn more about what annuities and mutual funds are and how they work.

To help decide which type of investment is right for you, ask yourself:

1. How much time are you willing to spend on your investments?

2. Are you interested in investing?

3. How much experience do you have with investing?

4. When do you plan to retire?

Making the Best Choice for You

Many factors will impact your choice of investment options, including how much risk you’re comfortable taking. Be careful to compare how investment options differ in terms of the rate of return you should expect and any fees or charges.

Remember: All Model Plan investment products and the provider companies are monitored for quality and value by an independent investment consultant. These products received a seal of approval for inclusion in the Model Plan from Florida’s leading education organizations working in your best interest.

When you choose a plan, you can work with one of the company’s representatives to decide the best options for investing your 403(b) savings.

Members of the Florida Retirement System can also get retirement advice from an Ernst & Young financial advisor — at no charge. These financial experts come highly rated from other FRS members who have used this service.

Saving and investing for your retirement in a 403(b) plan can help you get closer to securing the financial future you deserve. The Model Plan was created to offer you quality investment options so that you can feel confident in your investment decision.