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 […]
Read More >As church executives, it’s our privilege and duty to recognize the value of staff members.
Read More >This issue includes an interview with John Ortberg, senior pastor, Menlo Park Presbyterian Church, in the San Francisco Bay Area. Also highlighted are articles on how churches can use the entertainment business as a mission field, and how churches can effectively use recovery programs.
Read More >
Retirement. We all hope one day to do it. As church and ministry executives, you likely want to make sure you can offer your employees a competitive, robust retirement plan at a reasonable cost to your bottom line. But how do you know if your current plan is on the right track, or, if you don’t have one yet, how to choose the right one? “Establishing employee benefits is a very important consideration for any church or ministry and its employees,” says Dixie Beard, director of business development at GuideStone Financial Resources. “But before rushing into establishing an employee retirement plan, it is important to establish your ministry’s objectives, such as meeting your moral obligation to employees, evaluating your cultural environment and establishing cost parameters.”
Read More >The Internal Revenue Service issued new rules and regulations affecting all 403(b) retirement plans in 2007. Most elements became effective January 1, 2009, with some delayed until January 1, 2010. You should be aware of three important issues about these new regulations as they relate to your church.
Read More >If you’re not confident about your financial situation at retirement age, you’re not alone. According to the latest research from the Employee Benefit Research Institute, retirement confidence is at an all-time low. Only 13 percent of workers reported a high confidence about their financial future.
Read More >After my father died 20 years ago, I went to my parents’ safe deposit box at the local bank to see what might be there for mother’s financial support. For 40 years and one month of his work life he helped make Hershey milk chocolate and saved what he could.
Read More >