Hi Chalis,
I hope you are having a good day! If you do not need the money from your 401k plan, it would be best to have the funds rolled over to another retirement account and avoid any tax on any withdrawal.
You can convert your 401k to a Roth IRA or a Roth 401k, to allow for tax-free withdrawal, but it will be taxable income in the year your convert from traditional to Roth.
Here is a great resource on converting to a Roth , https://turbotax.intuit.com/tax-tips/investments-and-taxes/now-everyone-can-convert-to-a-roth/L4NEqO...
The CA Franchise Tax Board does have a tax calculator, it currently is 2022, but continue to check their site, https://webapp.ftb.ca.gov/TaxCalc/.
I hope you find this information helpful!
Connie
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