Your finances deserve the same care you give your community and family.
Thomas Wealth Management provides tax-efficient retirement planning for first responders and business owners in Florida.
Who we serve.
First responders
Special Risk members a few years from retirement. Pension or Investment Plan, DROP, your 457, and what to do with the lump sum.
See how we helpBusiness owners
A Solo 401(k) or a plan for your whole team, tax planning, and your personal money planned alongside the business.
See how we helpIndividuals and families
Retirement income, Social Security and Medicare, and a plan for what you leave to the people you love.
See how we helpSpecial Risk and Regular Class.
If you work for the state or a county in Florida, your FRS class shapes your whole retirement. The same department can have both.
Special Risk
Firefighters, law enforcement, correctional officers, EMS and other public safety roles.
- Earns retirement credit faster and can retire earlier.
- Pension Plan or Investment Plan, DROP, and a 457 to coordinate.
- The best time to plan is three to five years before you retire.
Regular Class
Most other state, county and school employees, from office staff to teachers.
- Earns retirement credit more slowly, so the pension is usually much smaller.
- The same choice between the Pension Plan and the Investment Plan.
- Your own savings and Social Security have to do more of the work.
For departments and employers.
Charlie teaches retirement planning to the people who serve, and helps business owners give their teams a better plan.
A retirement class for your department.
Your FRS options, DROP and the 457, taught at the station, the jailhouse or headquarters on a schedule that works around shifts. Nobody is sold anything in the room.
Bring Charlie inA better 401(k) for your team.
Here's what you may be missing in your current plan, and what more you could offer the people who work for you.
Review your plan
How we work.
See the whole process- Schedule a meeting. A first conversation about where you are and what you want.
- Get your plan. Charlie builds it around your numbers and walks you through it.
- Put it to work. We set it in motion and meet as your life changes.
Meet Charlie.
Charlie Thomas, CFP®, MBA
Charlie grew up in Arkansas, where his family ran an assisted living facility. He saw early what a good plan does for people at the end of a working life, and what the lack of one costs.
He earned his BBA and MBA at Southern Arkansas University, became a CERTIFIED FINANCIAL PLANNER™ professional, and moved to Florida five years ago. He wants every client to see that he cares more about them than about the numbers.
More about Charlie
Why a magnolia.
It's one of the oldest flowering trees there is, and one of the toughest. Charlie chose it for the same things he wants a plan to have.
Notes from Charlie.
What he's telling clients about the markets, Social Security, Medicare and the FRS.
Read the notesDo you only work with first responders?
No. First responders are a big part of the practice, and so are business owners, retirees and families. If your finances have gotten complicated enough to want a plan, we're a fit.
Should I choose the FRS Pension Plan or the Investment Plan?
It depends on how long you'll serve, when you want to retire and how much risk you want to carry. The Pension Plan pays a lifetime benefit set by a formula. The Investment Plan is an account you own and invest. We run both against your numbers before you choose.
What is DROP, and when should I enter it?
DROP lets Pension Plan members who reach retirement keep working for a set period while their monthly benefit builds up in an account. When you enter, how long you stay and what you do with the money when you leave all change your income and your taxes, so plan them together.
Do you work with my CPA and attorney?
Yes. If they're good, we work with them. We coordinate the plan with the people you already trust, and when you need someone, we know people.
How are you paid?
A fee based on the assets we manage, or a flat fee for planning. We don't sell annuities, insurance or commission products. You'll see exactly what you pay before you sign anything.
Let's talk.
Tell Charlie a little about where you are. He'll call you back within one business day, and the first conversation costs nothing.