Specific advantages exist for ordained ministers that are only available through this type of retirement plan, including designation of up to 100% of retirement income as housing allowance, and SECA tax savings of 15.3% on retirement contributions.
Although circumstances vary based on an individual’s particular situation, the option to contribute to two different retirement plans can help bi-vocational pastors hold on to more of your retirement dollars. Current or potential plan participants can contact our office to discuss your specific situation.
Questions or comments? Contact us for more information.
