A survey of more than 50,000 pastors Worldwide provided a sobering statistic: one in five pastors do not save anything for retirement. And those who do save for retirement still don’t save nearly enough.
Without a retirement plan, a pastor will likely face substantial financial challenges when his or her career comes to a close.
According to the survey, the median amount pastors had set aside for retirement was around $30,000—which would certainly not cover living expenses for someone who could live up to 30 more years after they retire.
TPI create a retirement benefits and options that are so different for ministers.
You simply can’t plan well for the future without the right plan. You need a clergy retirement plan that can provide housing allowance distributions for life.
Our Retirement Plan allows you to keep your housing allowance distributions for life wherever you go and even if you leave the ministry.