Retirement fund for Pastor after sale of church building

by John Reed

As a Pastor for 30 years we really did not think of our health or retirement.The church building has now been sold and the folks left want to give the proceeds of the sale of the building into our retirement trust.What would be the best way to do this? Thank You Pastor John

Comments for Retirement fund for Pastor after sale of church building

Click here to add your own comments

Jan 22, 2013
Retirement. . .after sale of church building?
by: Anonymous in NC

I'm confused; you said that retirement had not been thought of in 30 years, yet you reference a retirement trust fund. Anyway, sounds like an attorney knowledgeable of "non-profits" might need to be consulted.

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 Clergy Tax Q&A.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)

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

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

  1. Click on the HTML link code below.
  2. 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.