Pastor salaries, as are teacher salaries, are not keeping up with others with professional degrees, with a minimum of a Bachelorâs degree. According to the National Association of Church Business Administration, the average pastor in 2012 received an annual salary of $28,000.
Several people have e-mailed us recently for information on average retirement plan balances. Those balances are often released by many of the larger plan providers.and we've included those studies on our website. The federal government equivalent of the 401k, the Thrift Savings Plan (TSP) recently released some balances: As of June 30, the average TSP account balance was $61,221 for participants covered by FERS, a spokesman said. The average account balance was $52,356 for employees covered by the older CSRS.
Leave Money In. You don't have to withdraw your TSP money when you retire, if you have a balance of $200 or more. You can take out part of your money if you withdraw at least $1,000. You also can roll it over into an IRA. Or you can leave the entire amount in the TSP. You can continue to make tax-deductible contributions and accumulate earnings on the balance for as long as you work for the government.