News & Articles
News
2021 Benefit Plan: Open Enrollment Until December 1
Once a year, the FCMM Benefit Plan offers the opportunity for already-participating churches to revise their agreement and for ongoing staff members to enroll.
Article
The Corrective for Volatility in Investments? Think long-term!
Most of us have heard the age-old advice for investing: “Buy low; Sell high”. While that adage may be accurate in its simplicity, it’s a mistake for most of us to pursue it as our big aim.
News
CARES Act Provisions Available through Retirement Plan - UPDATED 6/25/2020 - ENDED 12/31/2020
The CARES Act added two temporary provisions that were included in the FCMM Retirement Plan for 2020 only.
Article
Managing Financial Life After Opting Out of Social Security
Four critical areas for financial planning of the SS-opted-out minister.
News
FCMM Office Moves to Limited Schedule - March 17
Contingency plans have been activated to best serve FCMM members.
News
Lifetime Fund (Option C) Rate for 2020 - UPDATE for April 2020
Option C provides a steady return, based on long-term portfolio objectives.
Article
Considering Opting Out of Social Security? Critical Issues to Review
Many young pastors, learning of the self-employment tax rate for clergy, have found mention by a colleague or a tax preparer of the option for a minister to be exempted from the tax and from the government insurance programs to be enticing. The minister should carefully consider the long-term implications of the irrevocable action.
Article
Ministers' Pay Essentials
Certain tax rules are unique to ministers. It's important for ministers and churches to understand how ministers' compensation is to be handled.
Article
Approaching age 72? Here's what you need to know about RMDs...
Starting by the year you reach 72, the IRS requires you to begin subjecting a portion of your deferred retirement savings to possible income tax.
Article
Video workshops on Minister Tax and Finance
Understanding the basics for pastoral pay and to become clergy tax savvy. Two similar workshops are available for viewing.
Article
Benefit Plan (LTD & Life/AD&D): New Option and Improvements for 2020
Long Term Disability and Life/AD&D insurance coverages enhanced for 2020.
News
New Type of HRA Allows Tax-Preferred Reimbursement of Individual Health Insurance
New "ICHRA" May Help Churches Offer Tax-Free Reimbursement
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