Webinars:

Clergy Tax & Financial Webinars:

Invest an hour and reap the rewards for years to come.

The Clergy Advantage® professionals provide hours of their expertise through many FREE webinars and workshops covering Social Security, tax basics, advanced housing allowance strategies, investment strategies, retirement options for clergy, Setting Up an Accountable Plan, The Church Treasurer’s Workshop and many more topics.

There are three major areas that we call,”The Three Biggies.” Every minister should know and understand these areas for the greatest tax savings. Start with, “Tax Free Money for Ministers Webinar” to learn what you need to know about:

  • Housing Allowance
  • Minister’s Business Expenses
  • Clergy Retirement Strategies and how ‘normal’ retirement strategies can cost you so much.

“Tax-Free Money for Ministers” workshop:  contains critical information for ministers. It’s free to all clergy and their spouses, all the time.  Many ministers have told us it’s been one of the best one hour investments they’ve ever made. We think you’ll agree, no matter how long you’ve been in ministry.

You’ll learn:

  • What retirement plans and strategies ministers should know.
  •  How to use housing allowance more effectively.
  • How to retain Housing Allowance in retirement.
  • What to claim in the first place.
  • How high you should set your housing allowance.
  • How best to Claim Ministerial Expenses.
  • Should you opt out of Social Security and what happens if you do?
  • Who is a ‘minister’ by IRS definition?
  • What to do to save on Social Security tax.
  • And so much more, you can’t afford to miss it.

Social Security in a Winning Retirement Strategy

It’s more important than ever to understand the role that Social Security Benefits can and should play in your overall retirement income plan. Connie Nichols, Vice President of BlackRock Investment Advisors presents a masterful overview of how:

  • Social Security benefits work for you and your spouse
  • When to start Receiving Social Security Benefits
  • Explore options to incorporate these benefits into your Wealth Transfer Strategy

5 Winning Behaviors of Successful Investors

Did you know that many people actually under-perform their own investments?  We live in a more complex money-management situation than ever before. We have more choices, more products and a greater number of ways to invest than most people can keep up with.
Spend 30 minutes with us and:

  • Discover the 5 Behaviors critical to successful long term investing
  • Understand True Risk
  • Know the Purpose of each Investment that you own
  • How to sift through the “noise” of our economic culture

Hassle Free Accountable Plan:

 This workshop will provide everything you and your staff or board needs to implement and understand how and why an Accountable Plan is the only way you can correctly categorize and claim business expenses. Get an instant pay raise without costing the church an extra dime and reduce audit potential, all at the same time.  We’ll provide  our step-by-step exclusive Accountable Plan E-Guide with forms and instructions with the workshop. Call to schedule for your staff.

Learn:

  • How to develop an accountable plan to save you save you and your church money.
  • 3 ways to reduce your chances of the being “red-flagged” for an IRS audit.
  • Commonly overlooked ways to reduce your tax burden and save thousands of dollars every year-starting now.
  • How to properly identify Ministry Expenses as church business expenses

You’ll also discover what these are and how to avoid:

  • The 2% Adjusted Gross Income Loss
  • The Itemized Deduction Loss (BME Loss)
  • The 50% Business Meals & Entertainment Limitation

Most of our workshops are free. The “Accountable Plan” and “Church Treasurer’s Workshop” are designed to teach you and your staff how to properly implement and execute the strategies. They are available to you and your staff for only $99. *This and all other Clergy Advantage® workshops are free to Advantage Plus, Optimum Plan and PSP and Church Package Subscribers

You owe it to yourself to see if a Roth IRA is a good strategy for you. We’ve used and advocated converting retirement income into a Roth IRA for many people over the years, but it has become even more appealing due to new tax provisions for 2010.  Some of the restrictions on converting money to a Roth have been removed and you can actually undo any portion of  the conversion as late as October of next year. 

Who should look at a Roth IRA Conversion?

This is an individual discussion because of all the various concerns and factors for each situation. We’re suggesting that everyone take a look at the benefits of converting some or all of a regular IRA into a Roth, particularly if you’re a married minister or in a high or low tax bracket.  Many ministers in the 0% tax bracket don’t realize it because of their housing allowance. These people definitely meet some of the criteria to consider a Roth conversion.   However, you can’t automatically disqualify yourself if you fall into the middle ( 10-15% ) tax brackets either.  Don’t believe you’re too young or too old for this strategy to work for you, either.  For many, but not all ministers, the best time to consider this strategy is when housing espenses are highest.   

Your state tax and estate plan need to be taken into account, as well as,  the cost and possible tax ramifications for the year of the coversion and a myriad of other factors, so it’s not as simple a calculation as one would hope.   Most people shouldn’t  try  to  figure this one out on their own.  The best way to determine and weigh all of the necessary factors is to evaluate your situation carefully with a qualified tax planner and financial advisor.  We’ll go deeper into the ramifications and criteria if you’d like to call us for a personal evaluation or join us for a  free webinar for more details. Learn more details of Roth IRA Conversions  in a free webinar to discover more about Who should convert and Why. Click here for information or to Register.