Now that Thanksgiving is over and the Christmas season is in full swing, I wanted to write a Christmas themed blog post. Two years ago I gave you 10 Simple Ways To Earn Extra Money For Christmas, which is still pretty useful. This year I’m going at it from the other side.
A recent court case helped to clarify when pastoral gifts are considered taxable income. Make sure you know how to classify your income to avoid owing penalties and back taxes.
There are two kinds of ministerial housing allowances here in the US. The parsonage allowance is for those living in church-owned housing. The cash housing (or rental) allowance is for those who provide their own housing.
Today, I want to go deeper into the parsonage allowance. Though parsonages are slowly becoming a thing of the past, many pastors still live in them. For those pastors, it is important to understand the different features of the IRS’s parsonage allowance.
The insurance industry has created so many complicated products that it scares people out of buying life insurance. However, life insurance is an important protection for your family. Here is a primer that will prepare you for competent life insurance shopping.
Unfortunately, pastors are sometimes given bad information regarding Medicare. This can lead to costly enrollment mistakes. If this has happened to you, there may be a way to fix things.
When it comes to Medicare, most pastors don’t really understand how it works. Unfortunately, this is one situation where ignorance can really hurt you. Here are the basics of Medicare and what you can do now, even if you’re still young, to save a lot of money.
During this Pastor Appreciation Month, I would like to give you a gift that you both need and deserve, a gift that could even change your life. Thank you, pastor, for all you do. I appreciate you.
As more and more free higher education opportunities become available, does it make sense to save for your children’s college anymore? And if you do, what happens with the money if they don’t use it for college?
Are you saving up to buy a home? To go on the mission field? To buy into a business? There are a lot of different reasons behind mid-term savings goals, those goals that take 3-5 years to achieve. No matter the reason you’re saving, everyone always ends up asking: what do I do with the money in the meantime?
For a very brief window at the beginning of their ministry, pastors have the option to opt out of Social Security. But what happens if you change your mind and want to opt back in? What options are available to you?
