Your net worth and cash flow are important barometers of your financial wellness.
Your net worth is your current assets (what you own) minus your current liabilities (what you owe). Among other things, your assets include savings and investments and any property you own. Your liabilities may include housing-related debt, such as a mortgage or home equity loan; car loans; personal loans; and credit card balances.
If you owe more than you own, you have a negative net worth. If you own more than you owe, you have a positive net worth.Read more.
By Rev. Mark E. Pettis
The Rev Mark E. Pettis, Senior Minister of Manhattan Beach Community Church in California, is completing his 10-year journey with the Next Generation Leadership Initiative (NGLI), a leadership development initiative administered by the United Church Board for Ministerial Assistance, the philanthropic arm of the Pension Boards. Read Rev. Pettis’ letter as he shares his journey and appreciation of the NGLI program.
Having just completed my participation in the “Benediction” event for NGLI*1 (the first cohort in the Next Generation Leadership Initiative), I find myself hovering in a reflective space. Spending this final, “formal” time together with my NGLI cohort reminded me of all that this wonderful program has meant for me and my ministry.
With October almost at an end, we are entering the final stretch of 2020 – a year that has changed just about everything. In our communities, homes are festooned with seasonal décor, but in many places, there will be no trick-or-treaters knocking on the door and plans for upcoming holiday gatherings will be scaled down. Many, if not most, of our congregations continue to worship virtually, and are planning to do so throughout Advent and Christmas. With a new surge in COVID-19 cases, we remain careful, observing safety protocols to protect our health and the health of others.
This is the 32nd weekly message from the Pension Boards since the start of the pandemic. We hope you find these communications helpful in providing information and answering your questions.
We also appreciate the feedback we have received from you, our readers, concerning the topics you would like to hear more about. Thus far, your responses to our reader survey show that health care and pensions continue to be the areas of most interest. Last week, you read about the new Medicare Advantage Plan with Rx. This week, we will highlight one of the major advantages of saving for retirement through the Annuity Plan for the United Church of Christ, administered by the Pension Boards.
As part of an ongoing commitment to provide UCC employees and churches with greater service, access and options, the Pension Boards is pleased to announce that an opportunity to enroll in the UCC Dental Plan 2000 is available October 1-31, 2020 to employees and retirees who do not currently have dental coverage, or who have coverage in a plan other than the UCC’s. Coverage will become effective at 12:01 a.m. on January 1, 2021, and is available on a stand-alone basis, regardless of participation in the UCC (Non-Medicare) Health Benefits Plan or UCC Medicare Supplement Plan. The UCC Dental Plan offers 100% coverage for preventive care services, with no deductible or coinsurance. Preventive care services will not reduce the annual plan maximum.