While most people wouldn’t utter the phrase "I entered the ministry for the benefits,” it is still important to understand the specific financial responsibilities and benefits that come with serving in ministry.

Because rostered church workers have unique tax considerations and benefits, the LCMS provides you with specially tailored resources.

• Review the LCMS Taxes and Ministers Guide if you’d like to learn more about your specific tax status as a minister of the gospel and your ability to designate part of your income as housing allowance both while you are in active ministry and in retirement.
• Learn ways to reduce your taxable income now while also saving for retirement by reviewing 403(b) Build Your Financial Future.
• Find special opportunities in retirement while receiving your Concordia Plans pension and 403(b) benefits in Benefits for Called Workers.

Concordia Plan Services was created to care for you and understands these financial nuances. If you have questions, please contact me or one of our Financial Educators here. Link Being informed about these financial matters allows you to serve with greater confidence, make sound decisions and prepare well for the future.