PASTORS & LEADERS
WHAT CAN SOLOMON MINISTRIES PROVIDE FOR YOU AND YOUR CHURCH?
Solomon Ministries understands the sensitive issues surrounding the conversation of a Pastor or Christian Leader's finances and retirement. We provide a complimentary analysis of your present financial status and provide a plan to meet your individual financial and long-term health care goals.
PROVIDE A GUARANTEED LIFETIME INCOME FOR YOU AND YOUR WIFE
When a pastor retires and has no salary, he and his wife will have to live on their savings (if they have any) and social security. There is a retirement plan that provides a guaranteed lifetime income for both the husband and the wife. Solomon Ministries has resources that can provide this retirement plan for the pastor and his wife/widow.
Solomon's Solutions for Your Lifetime Income Needs
SOLUTION
Solomon Ministries will protect the pastor and his wife by providing a tax-free, risk-free retirement income you cannot outlive and protect your family against your early death. If a retired pastor and his wife are living on both spouses social security, when one spouse dies, the lower benefit amount goes away-leaving the surviving spouse in a financial bind. We can help you avoid this by providing a plan with growth and savings without the market risk. Solomon Ministries offers these services at no cost.
HELP PLAN FOR YOUR RETIREMENT
Investing your hard earned money in the financial vehicle that can give you the highest return on your investment with the least risk is very important. However, just as equally important is investing your money with companies that share your Christian values.
Solomon's Solutions for Retirement
Solution One: FINANCIAL PLANNING
Whether you are a young pastor just starting out or already have a plan, Solomon Ministries can help you. Experience or no-experience, let us help you start a plan or give you a free second opinion on your existing investments. The resources available to Solomon Ministries have plans whether you are conservative, moderate or an aggressive investor.
Solution Two: SOCIAL SECURITY MAXIMIZATION
With over 100 different options for how and when to take Social Security benefits, many retirees wonder about the best strategy. We help by maximizing Social Security with an in-depth analysis of your individual situation to determine when to take your benefits and how to file. Understanding how your Social Security income is taxed is also a priority for many retirees. Our experience with benefits helps us discover how we may help you to increase income and reduce taxes.
Solution Three: ANNUITIES FOR RETIREMENT INCOME
Many retirees are considering fixed index annuities (FIAs) as a great option for their retirement funds because they offer the opportunity to participate in market-linked returns with no market downside. These unique products offer the potential for a steady lifetime income without the same market volatility experienced in 401(k)s and other employer-sponsored retirement plans. We offer a complimentary annuity review for all those in our community who want to understand their existing annuities or potential annuities.
Solution Four: SPECIAL RETIREMENT PLAN FOR PASTORS
Similar to a 401k, you can contribute and your church can match your contribution into a special sacred fund set up by Solomon Ministries. We can help maximize social security income that compliments your retirement income plan.
KEEP YOUR MONEY SAFE AGAINST
STOCK MARKET LOSSES
Traditionally people think the only way to protect against stock market losses was to keep their money in the bank. Banking services such as CD’s, money markets and savings accounts were commonly used, but are not always the best choice. Insurance companies have safe money products which capture a portion of the gain without the uncertainty of stock market losses.
Solomon's Solutions for Mitigating Stock Market Losses
SOLUTION
Insurance companies have three very good options that will provide a good return on your investment without the risk of the market. A Cash Account provides a minimal return but is easily liquid. Fixed Annuities are shorter term savings vehicles with a fixed percentage of return. Indexed Annuities are backed by insurance companies and capture a portion of the gain with no losses, generally 4% to 8%.
Usually when a pastor retires, his housing allowance disappears. However, a way exists for the pastor to keep the housing allowance for retirement and for the rest of his life.
Solomon's Solutions for Housing
SOLUTION
Solomon Ministries can help your church acquire the IRS approved plan documents that will allow the pastor to keep his housing allowance, for his lifetime, tax -free. Our special ministry will provide this document to your church at no cost. Solomon ministries will guide you through this step-by-step process.