It can be hard to save for retirement. Especially for pastors who need to because they’ve opted out of Social Security. A lot of big denominations have pensions, but what about independent pastors? Non-denominational pastors usually don’t have workplace retirement plans. That doesn’t leave them with much more than an IRA. Or does it?
If you’ve never had someone try to sell you an annuity, you’re either lucky or young. As you near retirement, you will have a plethora of “financial advisors” offering you annuities as the solution to your every financial need. Because of this, it’s important for you to understand what they are and when you would want one.
There are wealthy people all over the country paying their financial advisors thousands of dollars a year for financial advice. When it comes to investing, this is what they are saying.
All of my money that I am saving for the distant future is invested in mutual funds. It shouldn’t come as any surprise, then, that I think they’re awesome. I think that they are the best way for normal, everyday people like you and me to invest for the future.
Our country is in a retirement crisis, meaning most seniors have not accumulated enough money to live on in retirement. This is an even bigger problem among pastors since many have exempted themselves from Social Security.
For most people, the majority of their retirement savings are in a workplace retirement plan, like a 401(k) or 403(b). However, many independent pastors and employees of small businesses have no workplace retirement program available to them. How are they supposed to save for retirement?
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The government provides two different kinds of tax-advantaged college savings vehicles. In this post we discuss their features and how they compare to each other.
Having a baby comes with a lot of responsibility and a long to-do list. Here are the things you should do legally and financially to set yourself up for success once your little one arrives.
An easy-to-understand explanation of the stock market, individual stock exchanges like the New York Stock Exchange, and stock indices like the Dow Jones Industrial Average and S&P 500.