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Nonprofit and clergy

10 moments for nonprofit workers and clergy.

Name the moment, not the job title. Each one has a hook line to open a post or video with, its ringtone (the letter, bill or date people react to before they think) and what's at stake.

  1. First nonprofit job

    “Working at a nonprofit? Your 403(b) and PSLF eligibility are your biggest benefits.”
    Ringtone
    The offer letter
    What's at stake
    Lower pay makes benefits and forgiveness programs essential.
  2. PSLF paperwork

    “Ten years of nonprofit work can erase your student loans. Submit the employer form every year.”
    Ringtone
    The PSLF form
    What's at stake
    Forgiveness requires qualifying employment certification.
  3. Ordination and housing allowance

    “Newly ordained? Your housing allowance is a tax benefit you need to set up correctly.”
    Ringtone
    The church board resolution
    What's at stake
    Clergy housing allowances require proper designation.
  4. Clergy dual tax status

    “Clergy pay self-employment tax on salary even as employees. Most first-year pastors get surprised.”
    Ringtone
    The first tax return
    What's at stake
    Dual tax status means estimated payments.
  5. Opting out of Social Security

    “Thinking about opting out of Social Security as clergy? It's permanent and has strict rules.”
    Ringtone
    Form 4361
    What's at stake
    An irrevocable choice that affects retirement income.
  6. Parsonage or buying a home

    “Living in the parsonage means no home equity. Plan a housing fund for retirement.”
    Ringtone
    The parsonage keys
    What's at stake
    Clergy in church housing often retire without equity.
  7. Moving to executive director

    “Promoted to executive director? Negotiate your benefits like a donor would.”
    Ringtone
    The board's offer
    What's at stake
    Leadership pay, deferred comp and retirement plans.
  8. Grant funding ends

    “Your position is funded by a grant ending next year. Build a cushion now.”
    Ringtone
    The grant renewal date
    What's at stake
    Job insecurity needs reserves.
  9. Changing congregations

    “Called to a new church? Your retirement plan and housing allowance move with you, but differently.”
    Ringtone
    The call letter
    What's at stake
    Denominational plans and allowances vary.
  10. Retiring from ministry

    “Retiring from ministry without home equity? Plan housing first, then income.”
    Ringtone
    The retirement service
    What's at stake
    Housing, denominational pensions and Social Security.

Make a video about one See advisors for nonprofit workers and clergy

General education, not financial advice. Check rules and figures against current law before you publish.