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I will be leaving my teaching job this June, and have accumulated money in STRS(State Teacher's Retirement System). Specifically, can I roll my $ into a Roth IRA? Generally, what other options do I have? Any help would be appreciated.--john

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<< I will be leaving my teaching job this June, and have accumulated money in STRS(State Teacher's Retirement System). Specifically, can I roll my $ into a Roth IRA? Generally, what other options do I have? >>

The only thing I can definitely tell you is that you can't roll directly from an employer plan to a Roth IRA. You may be able to roll from the plan to a traditional IRA, which could then be converted to Roth.

The place to start figuring out what your options are is the plan administrator.

TMF ExRO
Phil Marti
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I strongly recommend that you make an appointment with a STRS advisor and research your options. Your decsion depends upon how long you have been in the system, whether you intend to return to teaching(because you will have to repay the money), and whether you have enough years to consider the retirement benfits. If you are considering the pension, the amount is based on your employer's and your contribution. If you take the money as a distribution, you only get your contributions. I have computed my STRS at retirement and it is considerably better than my husband's social security benefit with considerably less years of contributing.
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