by Taylor Johnson | May 20, 2020 | Halfway There, Participant Resources, Starting Out
It’s important to understand what can affect your retirement plan. Below are five factors that you should be aware of.InflationReduces how much you can buy today, compared to last yearHistorically, inflation averages 3% annuallyYour investments need to keep pace with...
by Taylor Johnson | May 18, 2020 | Retirement
How does Housing Allowance Impact Your Retirement?During your active ministry years, you pay significantly less SECA (The Self Employment Contribution Act) tax. Make sure you save the difference and set it aside in your retirement plan.During your retirement years,...
by Taylor Johnson | Apr 29, 2020 | Retirement
What is ERISA?The Employee Retirement Income Security Act of 1974 (ERISA) was enacted by Congress to protect the interests of employee benefit plan participants and their beneficiaries. ERISA is administered by the Department of Labor. ERISA establishes the minimum...
by Taylor Johnson | Apr 28, 2020 | Retirement
Roth IRAs and 403(b)sRoth IRAs are retirement plans that can be used by anyone while Roth 403(b)s are retirement plans that are offered by the employer.While there are no income restrictions for those who can contribute to a Roth 403(b), a Roth IRA does have income...
by Taylor Johnson | Apr 23, 2020 | Participant Resources
Here are a few financial steps to consider when the market fluctuates:Stay the course. As is often the case with rapid drops in the equity markets, by the time someone is thinking about getting out of the equity markets, the damage from the panic selling has already...
