News & Articles
News
Spring 2021 "News & Notes" Newsletter
Issue Contents: Required Minimum Distributions - Update 2021 | Qualified Birth or Adoption Distributions | Lifetime Fund Developments
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Required Minimum Distributions - Update 2021
The timing of RMDs was updated in recent legislation. See this article better understand how your account will be subject to these distributions.
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50 Years Serving Ministers, Missionaries, and Church Staff
Perspective on FCMM Benefits & Retirement at 50 Years
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Tax Booklets Available for Download (2021)
Two 2021 booklets for clergy and church financial and tax matters are available for download.
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Retirement Account Statements for 2020: Late January or early February
Statements are also available online
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Expect 1099R via mail in February
The retirement distribution tax form, 1099R, will be mailed at the end of January.
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Quick Guide to Tax Reporting for Retirement Distributions - 1099R
Basic information for handling 1099-R information for tax filing
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Completing the W-2 for Retirement Contributions
Proper reporting of retirement contributions is important.
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Retirement Plan Contribution Limits (2021): Overall and Deferral Limits
The IRS has announced that contribution limits to retirement plans for 2021 will remain unchanged from 2020 for salary deferral and overall limits.
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Retirement Plan - Rate and Fees for 2021
FCMM's Option C Lifetime Fund is unique in offering long-term strategy for steady returns and "do it for me" simplicity.
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Podcast Discussion: Pastors and FCMM Retirement Plan
FCMM's Ric Stanghelle and Jerry Rich visit about pastors and lifelong planning for post-employment years.
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