I just got a job with the state working for the school district and I’ve opted into retirement with the state but I have to pick between SCRS (which is more straightforward and i get a set amount based on years or service and age i retire at) and State ORP (which is solely dependent on how well my investment grows)
Which should I go with at 19 years old and definitely knowing that I’ll be teaching for a while but possibly taking years off to raise kids but not certain. I can go from ORP to SCRS at the end of year 1 and year 5 but I can’t go into ORP once I opt into SCRS. I literally have zero financial knowledge and I’ve asked a ton of people around me about their retirement but I figured I’d post this here as well!
Thanks in advance!
Submitted May 19, 2019 at 01:20PM by egracec413 http://bit.ly/2JOAsEI
