Compare Clergy 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)

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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Contributions can be withdrawn any time without tax or IRS penalty

Earnings can be withdrawn tax-free after age 59½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)

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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:
$19,500 ($26,000 if over age 50) in addition to employer contributions

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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:
$19,500 ($26,000 if over age 50) in addition to employer contributions

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THE CLERGY ADVANTAGE 403(B) RETIREMENT PLAN IS UNIQUE BECAUSE YOUR BENEFITS ARE

Retirement benefits and options are so different for ministers. You need a clergy retirement plan that allows you to save state, federal and Social Security tax on contributions, grow the money tax-free and then provide tax-free distributions through your housing allowance. And that’s only the beginning with qualified clergy specialists in your corner.

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 100 funds with sector control to personalize your investment
Reduced Administration costs. Administration of the plan is the responsibility of the plan sponsor not your church, further reducing costs and hassles.
Educational Resources & Personal Coaching to make the most of opportunities. Discover the right clergy strategies to help you achieve financial independence.

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.

Compare Clergy Retirement Plans

THE CLERGY ADVANTAGE 403(B) RETIREMENT PLAN IS UNIQUE BECAUSE YOUR BENEFITS ARE

CLERGY ADVANTAGE 403(B) PLAN FEATURES

THE CLERGY ADVANTAGE 403(B) IS PORTABLE

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Tax-Free Money for Ministers