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Retirement Planning

Money Management

As a Christian, financial wellness is about managing the gifts God gives us. Financial health comes from managing your day-to-day finances by living within your means. It’s about setting and achieving financial goals like buying a home, planning for retirement and protecting against key financial risks. Christian stewardship is about managing all of life and life’s resources in a God pleasing manner.

Financial wellness in your life is not dependent upon how much money you make. Your financial health depends on how well you manage the money you have. Concordia Plan Services provides you with the tools to support your holistic financial journey: financial education for your ministry, budgeting tools and worksheets, retirement savings plans opportunities and financial risk protection.

Better Money
Management

This webinar series covers a variety of topics from basic personal finance through to pre-retirement planning. Let our webinars take the mystery out of your finances!

We’ve created an easy-to-use workbook that includes basic financial planning worksheets with instructions. You’ll learn more about your current financial picture so you can plan for the future.

  • Paying the minimum balances, or accepting new credit cards for access to funds.
  • Losing track of your charges so your monthly statements are a surprise.
  • Spending money on the expectation that your income will rise.
  • Hiding your purchases from your family.

Securing Your Financial Future

  • Pay your bills on time every month.
  • Do not open new lines of credit.
  • Keep balances low or paid in full.
  • Review your credit report.
  • Do not cancel credit cards in haste.
  • Be aware of your credit limits.

Retirement Planning

You are currently earning a paycheck for your service, but there will be a day when you will retire. Whether that day is quickly approaching, or far in the future, now is the perfect time to plan for retirement.

While the Concordia Retirement Plan and Social Security will provide the bulk of your paycheck, you will still need to save for retirement. And the earlier you start saving - the better. Even if you can only set aside a small amount now, even a few dollars a day will provide you with needed retirement savings income in the future. But while starting early is ideal, it’s never too late to save. There are tax advantages and benefits to saving no matter what your age.

Remember that retirement planning is an ongoing process and we are here to help!

Planning Tips

Employer-sponsored retirement savings plans (such as the Concordia Retirement Savings Plan 403(b)) allow worker contributions to be withheld from your paycheck and remitted directly to the plan administrator. These plans offer several tax advantages.

Curious what your retirement paycheck looks like? Visit Retirement Connection. You'll see your current estimated benefits and see how making changes now will impact your future retirement income.

Saving in an IRA

Individual Retirement Accounts (IRAs) are available for all taxpayers with earned income, and can be set up through most banks and financial institutions. There are two kinds of IRAs: traditional IRAs and Roth IRAs.