Announcing the Pathways to Savings
A new savings incentive program from the Diocese and the Ministerial Excellence Fund will reward stipendiary clergy who enroll or increase contributions to an RSVP savings plan during open enrollment this November.
Participants can qualify for up to $300 in extra retirement money by contributing $25 a month or more to an RSVP savings plan in 2021. It’s important to know the details so you can qualify for this incentive program. Read them here.
Will your pension be enough?
Find out on October 28.
Join us Oct. 28 for a lively webinar with financial expert Peter Dunn, aka Pete the Planner. You’ll learn to:
Calculate your Retirement Number
to know how much you really need to save
Set aside more now
because doing it now is so much easier than later
Create a plan for stability
including budgeting, savings, and retirement
Take part in a new Pathways matching grant program
to help beef up your retirement savings plan
Master your money life.
Let us help.
The Pathways to Vitality Initiative helps diocesan clergy and lay leaders strengthen financial management skills and meet personal financial challenges, which ultimately build stronger, more vital congregations. Our programs are many and varied.
What will your finances really look like when you retire?
Now is the time to answer that question.
Along with the congregation that employs you, the Church Pension Group (CPG) provides a generous pension for your retirement. But only you and your family can determine the amount of funds you’ll need to live comfortably in retirement.
To get started, explore the resources on this page.
What kind of retirement works for you?
Answer four questions to identify your retirement needs and goals.
Retirement’s coming. Will you be ready?
Pete the Planner’s simplified retirement calculator.
Financial lessons from the pandemic.
Stay-at-home orders have upended daily finances for many. We worry that many families may not recover for years. The more fortunate among us find ourselves spending less on non-essentials, and gaining insight into money behaviors that have not served us well. Read more on these topics below.
Lessons Learned | New Mindfulness | Shifts in Spending
Healthy Financial Habits:
Rare among humans. But possible!
Read “7 Poor Financial Tendencies That Destroy Us”
The Pathways to Vitality Initiative is a program of the Episcopal Diocese of Indianapolis, funded through a generous grant from Lilly Endowment Inc. Our services for clergy and lay leaders include:
• Education related to personal and church finance
• Learning programs on leadership and innovative ministry
• Free personal financial planning services
• Seminary debt assistance
• Emergency financial assistance for clergy
Learn more about us here.
Good reads from our blog.
Read These Before You Retire
We review five great books on retirement planning.
Focus on Retirement
Learn to be kind to your “Future Self.”
Saving and the Big Three
How to Save Money Where It Really Counts – and Retire With Enough
Find helpful websites, articles and Pathways programs here.
Diocese Update: Getting Ready for PPP Loan Forgiveness
Many churches who received loans through the Paycheck Protection Program will be eligible for loan forgiveness, and need to work with their banks to submit the proper forms. Find help and details here.