Pension Boards members age 70½ or over and who are not working for a United Church of Christ employer, Conference, Association or National Staff, are required by the Internal Revenue Service (IRS) to take a Required Minimum Distribution (RMD) from the Annuity Plan for the current year.
Interview by Ashley Kuzmech*
In this inaugural article in the new Faith and Finance Q&A series, the Pension Boards interviews the Rev. Richard Walters, Director of Corporate Social Responsibility (CSR), to explore some of the social justice issues that are being addressed through the Pension Boards’ engagement and leadership in the Interfaith Center on Corporate Responsibility (ICCR).
Check out the Q2 2019 Quarterly Update video below featuring Senior Analyst Minoti Dhanaraj.
We work hard, try to save money and manage our debt. But, before you know it, we wonder where all of that hard-earned money has gone. For those struggling to keep their heads above water, retirement may not be an immediate reality, but there is help.
President and CEO Brian R. Bodager was recognized as a Patriotic Employer from the Employer Support of the Guard and Reserve (ESGR), a Department of Defense program.
No matter what your age, the bills you face today can make saving for longer-term goals like retirement seem like an impossible task. But even if you can manage to set aside just a few dollars per paycheck for retirement, the sooner you start, the more time your money will have to grow through compounding.