i currently am employed full time for a company with an excellent retirement plan and i pay into ssi. i have recently become a part time pastor in a major denomination. when i retire in 8 yrs. from current job at ag 61 i am hoping to switch to full time pastor and retire from that at age 72. can i opt out of ssi for the pastoring job?
1Comments
Opting out
PPstr. R Rizzi, Farmington, NH
Reasons for opting out of SSI must be because you have a religious objection to the government taking SSI money from your pastoral salary and collecting on it.
I opted out and put money into my roth IRA.
Please consult a good CPA on the issue but if you choose to opt out, do it quickly because there is a time limit that you are in your position to do so. <><
I opted out and put money into my roth IRA.
Please consult a good CPA on the issue but if you choose to opt out, do it quickly because there is a time limit that you are in your position to do so. <><