already have full time job want to opt out of ssi for new part time pastor job

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?

Comments for already have full time job want to opt out of ssi for new part time pastor job

Click here to add your own comments

Jul 05, 2015

Opting out
by: Pstr. 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. <><

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to IRS Form 4361.

Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!

Contact Me!

Share this page:

What’s this?

Facebook Twitter Pinterest Tumblr Reddit WhatsApp

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.