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Church Administration
Planning the Pastor's Retirement
Store Code: CLT07
Format(s): Microsoft Word Premium Content - Click for info
Price: $9.95

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Topics:Business, Legal issues, Liability, Money
Filters:Business administrator, Church board, Finances, Financial officer, Management, Pastoral care
Purpose:Ministry
References:None
Date Added:September 04, 2007
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Overview

Day-to-day challenges keep most churches and ministries struggling to keep up, let alone thinking ahead to the future. But for pastors, their thoughts at some point must turn to what their life will be like after they retire. The congregations they serve should help them do that.
All churches should considering implementing retirement plans for their pastors. Careful consideration must be given on a variety of topics, ranging from the right plan to adopt to the tax implications of a parting gift.
The following four handouts will provide: 1) overviews on the options to consider with various retirement plans; 2) rules to understand before selecting a plan; 3) strategies that can provide attractive, tax-sheltered income during retirement years; 4) and rulings that have shaped the definitions of tax-free gifts.

This Training Pack contains all of the following:

Designing a Retirement Plan
Important considerations for setting up a pastor's retirement strategy
Richard Hammar and James Cobble

Clear Definitions
Understand pastoral roles and tax advantages to correctly choose retirement plans.
Richard Hammar and James Cobble

Understanding Rabbi Trusts
How this strategy can provide attractive, tax-sheltered retirement income for pastors
Richard Hammar and James Cobble

Retirement Gifts
How the church should report cash and gifts given to pastors at retirement
Richard Hammar and James Cobble


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