Too many clergy are considering retirement without the provision of a formal or informal retirement plan. This situation is due to many reasons such as lack of church funds; lack of knowledge and some just didn’t get around to it. The intention was there but the years keep rolling around and it just wasn’t addressed. Sometimes unexpected illness makes the discussion immediate, but is often too late for a conventional plan such as the provision of a 403(b). Even if you have a 403(b) in place, does it have a retirement housing feature which can significantly mitigate the tax impact? All is not loss. There are several options available for this great benefit and they all can result is a tremendous tax savings and blessing. One option is a retirement housing allowance.
Updating Your Church Bylaws & Legal Documents Regarding Same Sex Activities
Staff
4/30/2021
New Medicare Cards
Staff
4/30/2021
Planning Clergy Retirement Housing Allowances
Staff
4/30/2021
Church Chuckle - Faithful with Much
Staff
4/30/2021