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Retirement Readiness Resources 

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Eder Financial provides helpful tools and resources from past Retirement Readiness seminars,
 as well as some other current resources, that you may find helpful in preparing for your retirement.
 

Check back here for information about future Retirement Readiness seminars.

 

Retirement Resources For You

The Eder Financial Retirement Plan is a church plan described in section 403(b)(9) of the Internal Revenue Code.The Internal Revenue Code permits denominations and churches to set up retirement plans designed to save tax dollars now and in the future. Our retirement plan allows you to take full advantage of these tax savings, while at the same time providing you with several different investment options for your money to grow.

Get The Retirement Plan Handbook Here

The Internal Revenue Service establishes annual limitations on contributions you and your employer can contribute to your 403(b)(9) retirement plan each year. You can find more information on limits to contributions here: Contribution Limits

$23,000 in 2024 for people under 50 
Elective deferrals include both pre-tax and designated Roth contributions an employee makes to an employer-sponsored retirement plan such as a 401(k) or 403(b). (Code § 402(g))  
 
*If you are a clergy member who claims a high percentage of your compensation as housing allowance, check with your clergy tax preparer for the maximum you may contribute to the plan. 
 
The IRS annual contribution limits for your 403(b) retirement plan are significantly  higher than what can be contributed to an IRA. For comparison, the annual limit for IRA contributions in 2024 is $7,000 for those under age 50, and $8,000 for those age 50 or older. 

You may contribute additional funds to your Retirement Plan beyond the elective-deferral contribution limit if you are aged 50 or older by the end of the calendar year. (Code § 414(v)) 

 For 2024, the maximum catch-up contribution amount is $7,500 for those aged 50 or older. 

 

 

 

The total annual contribution, including pre-tax, tax-paid, and Roth contributions, from both an employeer and an employer cannot exceed $69,000 in 2024. The limit is the lesser of $69,000 or 100 percent of your pay. (Code § 415(c)) 

 *If you are a clergy member who claims a high percentage of your compensation as housing allowance, check with your clergy tax preparer for the maximum you may contribute to the plan. 


 

$345,000  

The maximum dollar amount that can be considered when calculating retirement benefit contributions. (Code § 401(a)(17)) 

 

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Current interest rate for lifetime annuity: 4.5%

 

1. Distribution Options with Retirement Benefit tables

2. Blank Budget Worksheet

3. Inflation Illustration

4. Sample Budget

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Eder Financial serves individuals, organizations, and congregations affiliated with the Church of the Brethren as well as those of like mind within the broader faith-based and non-profit community.