Tag Archives retirement plan

Can You Still Receive Social Security Benefits Even After Opting Out?

by

 

Yes.

 

There you have it, shortest blog post ever.

 

But in all seriousness, this is an important matter that can make a huge difference during your retirement. If you didn’t take saving for retirement seriously during your early years, even just receiving a little help from the Social Security Administration could double your monthly income in retirement.

 

If it really is possible to still receive Social Security benefits after opting out, how does that work? Well, there are two ways:

0

The Amazing Retirement Account You Didn’t Know You Have

by

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?

0

What Is An Annuity And Why Would I Want One?

by

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.

0

Did Opting Out Of Social Security Make You A Hypocrite?

by

If you’re reading this, you’re probably a licensed minister who has opted out of Social Security. I’ll bet you were thrilled at the opportunity to opt out of a system that is facing a perilous future and is quickly depleting its reserves. But was it really the right move for you? And are you maintaining your integrity by doing so?

0