The Deferred Retirement Option Program

Are you enrolled in the Deferred Retirement Option Program (DROP) and retiring soon from the state?


It is important to make the right decision with your DROP once you retire.  After all, it is your retirement!  We highly suggest working with a financial advisor, and here's why we suggest that you meet with us:

  • Unlike other financial advisors, you have a local team of seasoned professionals that you can talk to and meet with anytime, face to face.
  • Your DROP rolls over completely tax-sheltered.
  • Backed by the robust resources and vast investment universe of a nationally leading investment firm, your assets are professionally managed, with portfolios customized specifically suited to your needs and goals.
  • Your account will not be invested and forgotten – it will be periodically reviewed, tweaked, and rebalanced, as necessary and with your permission, in an effort to maximize performance and help ensure it stays on track toward your goals.
  • We don't just handle your DROP – we look at your entire financial picture, including debts, lending and liquidity needs, savings, investments, and more.  We can also provide a full retirement plan analysis to help you gain a better insight into what your retirement looks like and how we may improve it.
  • You will also have access to Stifel's full banking services via Stifel Bank, nationally recognized equity research department, and estate and tax planning professionals.


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Stifel does not provide legal or tax advice.  You should discuss your particular situation with your legal and tax advisors.

Stifel’s banking and lending services are provided by Stifel Bank and Stifel Bank & Trust.  Residential mortgage lending services for clients of Stifel, Nicolaus & Company, Incorporated are performed exclusively by Stifel Bank and Stifel Bank & Trust (Stifel Banks). The financial advisors of Stifel, Nicolaus & Company, Incorporated do not offer mortgage loans, provide mortgage loan information, or accept residential mortgage loan applications.
Stifel Bank, Member FDIC, Equal Housing Lender, NMLS# 451163, is affiliated with Stifel Bank & Trust, Member FDIC, Equal Housing Lender, NMLS# 375103, and Stifel, Nicolaus & Company, Incorporated, Member SIPC & NYSE, each a wholly owned subsidiary of Stifel Financial Corp. Unless otherwise specified, references to Stifel may mean Stifel Financial Corp. and/or any of its subsidiaries. Unless otherwise specified, products purchased from or held by Stifel are not insured by the FDIC, are not deposits or other obligations of Stifel Banks, are not guaranteed by Stifel Banks, and are subject to investment risk, including possible loss of the principal.