How to Not Be a Broke Pastor: The definitive guide for understanding AND maximizing the benefits from your pastoral compensation by S.L. Potts

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? Read more