Compare Clergy Retirement Plans

" The Clergy Advantage 403b plan is as strong a retirement plan as can be found anywhere for ministers. Our pastors are doing far better financially thanks to their workshops and coaching."Melissa Sandel, Director of Ministries, West Side Christian Church

 

Compare Common Retirement Plans 

Traditional IRA
Contributions are sometimes income-tax deductible
Earnings are tax-deferred
Distributions are generally taxable
 
Typical federal tax savings on $4000 of contributions:
$600, but only if you’re eligible to deduct the contributions
Tax treatment of distributions after age 59½:
Taxable
Annual contribution limit:
$6,000 ($7,000 if over age 50)
Roth IRA
Distributions are generally not taxable after age 59½
Contributions can be withdrawn any time without tax or IRS penalty
Earnings can be withdrawn tax-free after age 59½
 
Typical federal tax savings on $4000 of contributions:
$0
Tax treatment of distributions after age 59½:
Non-taxable
Annual contribution limit:
$6,000 ($7,000 if over age 50)
Standard 403(b)
Contributions avoid income tax
Earnings are tax-deferred
Avoids Social Security tax for clergy but not for lay workers
 
Typical federal tax savings on $4000 of contributions:
$1200 for clergy, $600 for other workers
Tax treatment of distributions after age 59½:
Taxable
Annual contribution limit:
$18,500 ($24,500 if over age 50) in addition to employer contributions
Clergy Advantage 403(b)
Contributions avoid income tax
Earnings are tax-deferred
Avoids Social Security tax for clergy but not for lay workers
Up to 100% of proceeds can be tax-free housing allowance even before retirement
Typical federal tax savings on $4000 of contributions:
$1200 for clergy, $600 for other workers
Tax treatment of distributions after age 59½:
For clergy, up to 100% of distributions can be tax-free housing
Annual contribution limit:
$18,500 ($24,500 if over age 50) in addition to employer contributions

Contact Us To Learn More Calculate Your Tax Savings

The Clergy Advantage 403(b) Retirement Plan is Unique Because Your Benefits are

Retirement benefits and options are so different for ministers. Ministers need a clergy retirement plan that can provide housing allowance distributions for life. And one that allows you to save state, federal and Social Security tax on contributions and distributions at the same time. But that’s only the beginning.

The Clergy Advantage 403(b) is Portable

Portability means keeping your Housing Allowance distributions for Life.  The Clergy Advantage 403(b) Retirement Plan allows a minister to remain in the plan and keep housing allowance distributions even if you separate service, take another position or leave ministry altogether. That’s pretty good news, but that’s not all.

Additionally, the Clergy Advantage 403(b) plan features:

  • Guaranteed Interest & Structured Investment Options
  • A Roth Option
  • Extremely Low Fees or No Fees in some cases
  • World Class Money Managers
  • Over 90 funds with sector control to personalize your investment
  • Reduced Administration costs & headaches for your organization.  Administration of the plan is the responsibility of  the plan sponsor not your church, further reducing costs and hassles.
  • Educational Resources & Personal Coaching. Expert personal coaching is the hallmark of this plan. Discover the right clergy specific strategies in your retirement planning to help you achieve financial independence.

Open your Clergy Advantage 403(b) Retirement Account Today

Designed for Ministers with Greater Flexibility, Superior Options & Coaching

Why Ministers Should Never Use Traditional Retirement Solutions PDF

Why A Traditional IRA is Wrong for Ministers PDF