A Time to Retire
Solomon, the wisest man who ever lived, wrote: “There is a time for everything, and a season for every activity under the heavens” (Ecclesiastes 3:1). That includes retirement. In some occupations, retirement is voluntary. In others, it is mandatory. The appropriate age is different for a pro football player than a Walmart greeter. Regardless of the nature of your employment, there will come a time to step down and make room for younger leaders.
The Cost of a Ministry vs. the Cost of a Minister
Ministry is a high calling. Most of our servant leaders could command a higher salary in the for-profit world, but they have chosen to use their gifts and talents to serve the Lord. What is proper compensation? The church setting is indeed unique, and often a helpful question for church leaders to ask is “What would persons carrying similar responsibilities in other vocations be paid?” Servant Solutions, as part of our ministry to the church, stands ready to help your congregation in any way possible. We invite you to visit our Church Compensation Planning page at servantsolutions.org. There you will find additional resources that we have found to be reliable and helpful.
Building a Strong Investment Portfolio: The Power of Asset Class Diversity
By holding a diverse range of assets, investors are better prepared to adapt to changing market conditions and reduce the risk of being overly exposed to a specific trend or event. The asset class “quilt” image included here shows just how inconsistent asset class performance can be.
Are you aware of these tax savings opportunities?
There have been a few tax changes in recent years that could benefit ministry employers and employees. While we do not consider ourselves to be tax experts, we wanted to make sure you are aware of these opportunities for savings.
Tax Tips for Gig Economy Entrepreneurs and Workers
It is currently estimated that 45% of working Americans report having a side gig or “side hustle.” Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS Gig Economy Tax Center provides information and resources to help this group of entrepreneurs and workers understand and meet their federal tax obligations.
The Importance of Diversification
A market “quilt” image shows that it is difficult, if not impossible, to find any kind of trend. It demonstrates the unpredictability and randomness of investment results, and that past performance does not predict future performance. This underscores the importance of diversification in your portfolio as a tool to help you reach your investment goals and manage risk.
The True Cost of Procrastination
PROCRASTINATION. It comes with a high price tag. So many of our members wish they would have just started saving sooner! Let’s take a few minutes to look at four common reasons we hear for procrastinating when it comes to saving for retirement. Start saving today – your future self will thank you!
Five Saving Strategies to Consider
No matter where you are on your Retirement journey, Servant Solutions is here to help you plan with confidence. Here are five strategies to consider as you save and plan. Servant Solutions wants to be your life-long financial planning partner. We’re available with multiple tools and planning documents to help you arrive at your retirement years well-funded.
New Year, New You: Get Financially Fit!
If you made a resolution for the New Year, chances are, improving your physical fitness ended up somewhere on your list. And while taking care of your physical health and wellness is important, so is taking care of your financial health.