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 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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For 80 years, Social Security has been a key part of how Americans ensure their financial security after they retire. As dependable as it has been, Social Security has gone through major changes over the years — and 2016 will be no exception.
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“Do I buy a car or lease one?” “Do I work to pay for my education — or my children’s — or do I take out a loan?” “Do I rent an apartment or buy a house?” For each of these questions, making the right decision depends on a number of factors that are unique to you. But one financial question leaves us with very few choices: “Do I save for retirement?”
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The statistics on Americans and retirement planning are staggering. More than half of us do not know how much we will need to live a comfortable retirement, and 60 percent have saved less than $25,000. For clergy, the economics of retirement can be even more challenging.
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In today’s increasingly tech-savvy environment — in which so many people own smartphones and tablets and maintain a social media presence — there is a tendency to think that a smorgasbord of choices is desirable. This is not the case when it comes to the fund choices your church offers its employees in their 401(k) and 403(b) retirement plans.
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By Rez Gopez-Sindac Recently, I went to a home improvement retail store and was greeted warmly by an employee who, in my estimation, couldn’t have been younger than 70. I told him I came to buy a water dispenser. He said he knew exactly where to find it and motioned me to follow him. But, […]
Read More >As church executives, it’s our privilege and duty to recognize the value of staff members.
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