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 Savings Plans for Ministers

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:
$5,500 ($6,500 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Contributions can be withdrawn any time without tax or IRS penalty
Earnings can be withdrawn tax-free after age 59½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:
$5,500 ($6,500 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:
$18,000 ($24,000 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:
$18,000 ($24,000 if over age 50) in addition to employer contributions

Contact Us To Learn More

The Clergy Advantage 403(b) Retirement Plan is Unique

Ministers need a clergy retirement plan that can provide housing allowance benefits for life. But that’s only the beginning, what you really need is clergy specific tax & Learn More About the Clergy Advantage 403(b) Retirement Planfinancial coaching to really make it work well. You’ll find both right here. 

Portability means Housing Allowance Security for Life

The Clergy Advantage 403(b) Retirement Plan allows you to keep tax-free distributions for life with the guidance to use your housing allowance benefits wherever you go for greater financial independence.

  • Portability means you can take your plan and benefits with you even if you change jobs or leave the ministry.
  • Guaranteed Interest & Structured Investment Options
  • 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

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