By Colin E. Nass, CFP®, AEP®, RICP® & James R. Cook, CFP® Retirement savings plans, such as the 403(b) plan, offer benefits to both employees and employers First, let’s look at how employees can make the most of a 403(b) plan. For many, saving for retirement is one of the largest goals we will need […]
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By RaeAnn Slaybaugh Sixteen years ago, when Collin Lucas joined the staff at Cornerstone Fellowship of Livermore, he worked in IT. However, he also brought with him extensive experience in the business management consulting realm. Now, as Cornerstone’s CFO, his secular business background has proven instrumental in helping build — and fund intelligently — the […]
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In 1992, Dr. Brent Taylor joined the staff at First Baptist Carrollton as the summer youth minister. Seven years later, he was lead pastor. It was his first pastor position. As a new, young pastor, he admits that fundraising represented a very steep learning curve. “I grew up in the church and was part of […]
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By Tim Grabacki It’s not something church business managers think about a lot, but: How you count the money might be affecting the church more than you’d think. Here are three tips on how to better handle cash and checks in your collections. #1: Treat the business office like a business office The mission […]
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By Rev. Dr. Patricia L. Hunter, CFP® Making the decision to meet with a financial planner or advisor can help you focus on putting your own financial house in order and is an important step towards achieving financial wellness. A financial planner can work with you to help determine your long and short term goals […]
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By Don McLeod, CFP® During the first two years of your ministry, you will make the decision of a lifetime — whether or not to opt out of Social Security. This is a hot topic in ministry circles today, and everyone has a personal opinion on the matter. But what does it really mean to […]
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Due to the nature of their work, churches are held to a high standard of accountability by internal and external stakeholders. Without a financial solution designed to comply with non-profit accounting standards, it can be challenging to demonstrate transparency and fiscal responsibility to constituents. While commercial accounting software can be configured to meet basic financial […]
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By Colin Nass, CFP®, AEP®, RICP® When discussing the need for retirement planning, millennials might not be the first age group that comes to mind. Millennials — also known as Generation Y — were born after 1980, and they’re the first generation to come of age in the new millennium. Typically, researchers use the […]
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By Matthew D. Hoffman, CFP®, ChFC® When we think about estate planning, drafting a will, and getting your financial affairs in order, millennials aren’t the first demographic group that come to mind. Most people don’t start to think about this topic until they’re a little older and more established; they usually have achieved milestones such […]
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By Darren Thompson & Richard Koon Across the country, churches are answering the call to start a private Christian School — but they’re unsure about how to navigate the process. Does this sound like your church? In this second installment of our three-part “Financial Management for Christian Schools” series, we’ll discuss next steps, as well […]
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