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Updated over 1 year ago, 05/11/2023

User Stats

3
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4
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Toni Bandy
4
Votes |
3
Posts

Retirement from STRS questions

Toni Bandy
Posted

Hi everyone! I'm leaving my teaching career the end of the school year. I've decided that I want to invest my money that I'll receive from the STRS into real estate. Originally I was looking at rolling it over into a traditional IRA but I believe that money would be better in RE vs. Stock market. Can you tell me what type of IRA I can do this with? There are a lot of tax rules. I don't want to pay thousands in taxes if I take it out cash it would be 30% approximately. Help Please and thank you in advance. Also if they take it out, can I get a lot of it back? I just started a LLC and have an EIN.

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