As you may know, the Internal Revenue Service (IRS) requires that everyone age 72 (73 if you reach age 72 after Dec. 31, 2022) take a Required Minimum Distribution (RMD) for the calendar year.
Rev. Jason Sisk-Provencio, Pastor, United Church of Christ in San Luis Obispo, CA, Pension Boards member, and participant in Ministers’ Financial Vitality Initiative, offers his reflections on the areas that impact clergy.
Prioritize your health and get the information you need to select the best health coverage for yourself and your loved ones. Upcoming fall enrollments include:
Health Flexible Spending Accounts (FSA), otherwise known as Flexible Spending Arrangements, are employer established savings accounts that allow you to contribute money you can use for IRS approved medical and dependent care expenses.
The Pension Boards' Investment Team recaps Climate Week NYC, the largest annual climate event that includes over 600 events and activities across the City of New York. The events provide information on the Pension Boards' work in the areas of climate change, sustainable investments, responsible investments, affordable housing, and the investments we manage on behalf of our members.
The Pension Boards interviews the Rev. Dr. Don Wagner on his experiences navigating ministry, finances and retirement. Rev. Wagner currently serves as an Annuitant Visitor in the Illinois South Conference.
Social Security is relied on by millions of Americans and is the bedrock of the United States retirement system. In 2024, according to the Social Security Administration (SSA), almost 68 million Americans per month will receive a Social Security benefit, totaling about $1.5 trillion in benefits paid during the year. This retired workers, dependents, disabled individuals, and survivors of deceased workers. This large number indicates that Americans recognize the importance of Social Security for their financial well-being.
Help yourself understand Social Security and its benefits by reading these frequently asked questions.
As UCC clergy, lay workers, or caregivers, taking the time to track or manage multiple retirement accounts from previous places of employment can be confusing and time-consuming, especially when your primary focus is either on ministry or those under your care.
By consolidating your retirement accounts, it’s easier for you to track your retirement assets, contributions, and withdrawals, allowing for a more simplified way to manage your accounts in one place.
Using your credit card at a gas station pump or drive-up ATM is quick and convenient. However, despite retailers following Payment Card Industry (PCI) standards to protect your information, cybercriminals are finding ways to steal your information. Cybercriminals are using technology called “card skimmers” to read and record your card information in a matter of seconds. Although retailers regularly check for card skimmers, learning how to protect yourself at gas station pumps and ATMs should be a priority now more than ever.