If you’re a DROP participant, you’ll need to decide what to do with your DROP money when you end your employment. One tax-advantaged solution: roll your DROP distribution into a tax-qualified plan. That way, your contributions and any potential interest and earnings keep growing, tax-deferred, until you start using the money.
You’ll need to select a tax-qualified plan provider, and our DROP Decision Guide can help you decide which provider and options are best for you. The guide also lists questions you should ask potential plan providers.
RO 2765829 (03/2023)