US EditionReconsidering Social Security: Potential Path for Pastors Who Opted Out - Making Disciples of Jesus | The Global Methodist Church
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Reconsidering Social Security: Potential Path for Pastors Who Opted Out - Making Disciples of Jesus | The Global Methodist Church
By Rick Van Giesen Photo credit: Canva. Many pastors were convinced early in their clergy careers to opt out of Social Security. While the exemption is designed for “religious objections,” many pastors merely wished to avoid the 15.3% self-employment tax which funds Social Security and Medicare. For pastors on low salaries, the tax was a legitimate concern. The idea – often championed by financial advisors – was to instead invest that 15.3% of c…
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