Below you will find various education resources: booklets, calculators, videos and website links. They are organized for ministers as retirement resources, compensation resources, tax resources and resources for personal finance.


Retirement Resources

How Important is Social Security?
Use this calculator to determine how losing this important retirement asset could affect you.

Roth IRA vs Traditional IRA
Use this calculator to determine which IRA might be right for you.

Investment Savings & Distributions
Use this calculator to see how long your investment savings can last once you begin taking distributions.

Retirement Wellness Planner
An excellent online calculator and planning tool available through our bookkeeper, Principal.

Can Ministers Opt out of Social Security?
Informational sheet explaining the best way to handle Social Security as a minister.

Early Investment Benefits
Brief video explaining the importance and benefits of saving for retirement early in your career.

Retirement Planning
An 8-page booklet with tools to help you with your retirement goals.  It contains the “Saving for Retirement Worksheet”, “Retirement Countdown Checklist”, and information on our Financial Roadmap.

Retirement Decisions
A Workbook to help select the right distribution option for you on your road to retirement.

Looking to the Future
Retirement education and planning booklet for the Servant Solutions Retirement Plan.

Looking to the Future - Edición en español

Saving for Retirement Worksheet
A worksheet for estimating your annual retirement income from the retirement plan, Social Security, and personal savings. 

Live Free - Seven Steps to Financial Freedom
Seven Steps to Financial Freedom for the Devoted Follower of Christ

Live Free - Edición en español

Compensation Planning
An 8-page guide to assist church leaders in compensation planning for ministry personnel of the Church of God.

 

Eight Essentials of Retirement Planning for Ministers and Churches
This eBook lays out the roles of both the church and the minister, best practices to do what is right before God and man in planning for a minister’s retirement.

Finishing Well…Continuing to make a difference
Walking with pastors during their transition from ministry to retirement and beyond.


Compensation Planning

Compensation Planning
An 8-page guide to assist church leaders in compensation planning for ministry personnel.

Eight Essentials of Retirement Planning for Ministers and Churches
This eBook lays out the roles of both the church and the minister, best practices to do what is right before God and man in planning for a minister’s retirement.

 

Here at Servant Solutions, we want to assist you in the important task of planning proper compensation and benefits for those who serve the Church. Every church should see that the pastor and any other full-time staff member has adequate salary along with other benefits (church-funded medical plan, life and disability protection, and payment into the Servant Solutions Retirement Plan, etc.). It is also very important not to confuse church-related ministry expenses as part of the minister’s pay.

Housing for Your Pastor: Parsonage or Housing Allowance?
A useful explanation of the advantages/disadvantages of tax-advantaged housing for your pastor.

Who is a Minister for Tax Purposes?
Informational sheet explaining how the IRS determines who qualifies as a minister for tax purposes.

The Minister’s Housing Allowance
Informational sheet explaining the tax benefits available to Minister’s who receive part of their compensation package as housing allowance.

 

Additional Resources

Compensation worksheets:

Ministry Pay Cost for Non-Member = $185. $85 discount on the subscription, so cost of $100 for the report.

Church Salary A resource of Church Law & Tax, Cost is $24.95 to access the report or $99 to create report annually.

Leadership Network Large Church Salary $449 one table.

Megachurch Compensation Report $495

Southern Baptist Convention Compensation Study Cost is free, and includes information from 2018 salary survey.

X Pastor Compensation Survey $49. 

if the resources above do not fit your needs or timing, Servant Solutions can prepare a rough estimate for specific positions.  If interested, please click here.


Tax Resources

Ministers' Taxes Made Easy
by Dan Busby, CPA
Clear, concise and reliable help for clergy income taxes.

Church Reporting Made Easy
by Dan Busby, CPA
Federal, state, and other reporting made easy.

Saver’s Tax Credit

The IRS Retirement Savings Contributions Credit, also known as the Saver’s Credit, is available to eligible taxpayers who are saving for retirement through a qualified retirement plan at work or in a traditional or Roth IRA. 

Tax Filing Information
Informational sheet explaining how to report retirement income you received from Servant Solutions.

Can Ministers Opt out of Social Security?
Informational sheet explaining the best way to handle Social Security as a minister.

Who is a Minister for Tax Purposes?
Informational sheet explaining how the IRS determines who qualifies as a minister for tax purposes.

The Minister’s Housing Allowance
Informational sheet explaining the tax benefits available to Minister’s who receive part of their compensation package as housing allowance.


Personal Finance

Live Free - Seven Steps to Financial Freedom
Seven Steps to Financial Freedom for the Devoted Follower of Christ

Live Free - Edición en español

 

Milestones This site provides a package of planning documents at no additional cost to members of the Servant Solutions Retirement Plan.

Enrich Tools to help you make money decisions today while preparing for tomorrow.

Snowball Debt Elimination Calculator Want to get out of debt as quickly as possible?  Use this calculator to explore options for your budget.

Mortgage Loan Calculator (PITI)
Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.

Investment Savings & Distributions
Use this calculator to see how long your investment savings can last once you begin taking distributions.