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All Forum Posts by: Toni Bandy

Toni Bandy has started 1 posts and replied 3 times.

Starting Out

Post: Retirement from STRS questions

Toni BandyPosted
  • Posts 3
  • Votes 4

Thank you.  I'm not in Columbus, I'm a little more north but I may ask you a few questions.  I ll look for a local tax attorney.

1 Vote
Columbus, Ohio
Starting Out

Post: Retirement from STRS questions

Toni BandyPosted
  • Posts 3
  • Votes 4

Thank you

1 Vote
Columbus, Ohio
Starting Out

Post: Retirement from STRS questions

Toni BandyPosted
  • Posts 3
  • Votes 4

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.

2 Votes
Columbus, Ohio