Personal Finance For
Clergy
Turn Your Financial Tower of Babel Into a Fortress of Strength
By Laurence Dresner, ChFC
Some aspects of your finances
that this book includes:
Definition of clergy
How an Accountable Reimbursable
Plan (ARP) can reduce your tax liability, what business expenses can be included,
and the IRS requirements for correctly setting it up
How to calculate parsonage
and what the IRS requirements are for implementing it
Summary sheet for preparing
your taxes
Suggestions for often
overlooked contract benefits and issues
How to ask congregants
for donations
Basics on setting up
an endowment fund and proper usage of a discretionary fund
Strategies to achieve
your financial goals - including how much you'll need for and during retirement
Pros and cons of different
retirement plans and options
Overview of investment
choices and strategies with basic definitions
Determining the types
and amounts of insurance you should consider owning
Basic estate planning
considerations and charitable giving options