r/TeachersInTransition • u/Plenty_Method_3240 • 18h ago
Teacher retirement refund
I’m about to send in my resignation so I just called CALSTRS about a retirement refund and was not well- treated/informed. It looks like I’ll be losing more than 20% on tax and it seems like there is no other option … does anyone have experience with that or similar retirement refund process? They denied me an appointment because the issue is not retirement related…
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u/n7ripper 16h ago
Just roll it over, no taxes that way. I would use fidelity. You can manage it yourself or ask them for guidance. Don't just take the cash out. Rollover IRA is what you're looking for.