How to Not Be a Broke Pastor: The Definitive Guide for Understanding and Maximizing the Benefits from Your Pastoral Compensation, Paperback/S. L. Potts

Descriere

Eight Questions Every Pastor Should Ask Most pastors "don't know what they don't know" about the unique and confusing world of pastoral compensation. What do you know? What is the difference between taxes, FICA, and SECA, and why does it matter so much for pastors? Do you understand what can and cannot factor into the, potentially, life-changing decision to opt-out of Social Security? What is the difference between a pastor's salary and housing allowance, and why is the balance between these two things so critical to so many other aspects of a pastor's finances? How could a parsonage be one of the worst things a church could ever provide for its pastor? From medical insurance to paid time off, does your benefits package really make sense for both you and your church? Are you taking advantage of one of the best arrangements the IRS provides for tax free "compensation"? How are you planning for retirement, and how is your church helping you with that plan? Do you have a strategy for handling your own pastoral compensation that is truly maximizing every possible benefit that could be yours? As a pastor, I get it. Not only can our compensation be confusing, but there are also so many different components that need to be balanced . . . it can be hard to put all the pieces together. How to Not Be a Broke Pastor is written for pastors/ministers and is designed to make the complexities of clergy pay simple and easy to understand, AND ALSO to give you ideas as to how you can use your income to the greatest extent possible. We may not have entered the ministry to get rich, but that doesn't mean we should be broke. Let me help you understand and maximize the benefits of your compensation today. About the Author: Stacy Potts is a pastor, author, and consultant specializing in pastoral compensation and church finance issues.