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Category Archives: Investments
Accounting for Losses
For those who participate in the Benefits Board’s equity (stock) accounts, you may suffer a loss in any particular year. We are sometimes asked if you can claim, or deduct, that loss on your tax return. The answer is simply … Continue reading
Posted in 03 - March 2013, Investments, Tax Information
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Things to Do Before You Die
No one lives forever!! While that concept is known to everyone, some act as though they are going to live forever, never giving a thought to what would happen to their “estate” should they die. The common response is “I … Continue reading
No Annual Interest Statement from Board
Each year as participants begin to get all their tax information together, they realize that they have not received a Form 1099-INT from the Benefits Board showing the amount of interest they earned on their retirement account during the previous … Continue reading
Year-End Contributions to Your Retirement Account
All pension contributions received in the Board’s office prior to Noon (EST) on Friday, December 28, 2012, will be posted to the participant’s account and will apply against the participant’s 2012 contribution limits. Contributions received in this office on or … Continue reading
Rate on Trustees Fund Set at 4% for 2013
In the recent meeting of the Board of Trustees of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, the return on the Trustees’ Fund was set at four (4%) percent. For the past four years … Continue reading
How Much Is Enough? 8x??
A recent study by Fidelity Investments suggests that you should save at least eight times your ending salary to meet your retirement income needs. In other words, if you make $50,000 a year, you need to have saved at least … Continue reading
Hidden Fees – Not With the Benefits Board!
With so much being written about fees, and especially hidden fees in mutual funds, the Board is often asked about our fee structure and whether or not we have or charge any hidden fees. These questions give us an opportunity … Continue reading
Young Investors Have the Power of Compounding
Recent research compiled by Vanguard Investment Counseling shows those who start saving for retirement in their 20’s can save nearly double what investors beginning in their 30’s can put away for retirement. A participant who starts making contribution of $1,000 … Continue reading
General Assembly Week
The corporate offices of the Benefits Board and the Church Loan Fund in Cleveland will be open during General Assembly. While members of our staff will be available to talk with those attending the General Assembly in Orlando, we will … Continue reading
Understanding the “Valuation” Process
Many participants in the equity (or stock) accounts offered by the Ministers’ Retirement Plan may not fully understand the process of how they make money – or lose money – in their equity accounts. While it is rather simple to … Continue reading
Posted in 05 - May 2012, Investments, Stock Market
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