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Showing posts with the label retirement planning

Economic Challenges Facing Pastoral Leaders

During the Cooperative Baptist Fellowship General Assembly in Greensboro last month, I attended a workshop led by Bo Prosser, CBF Coordinator of Organizational Relationships, and Gary Skeen, President of the CBF Church Benefits Board.  They announced the launch of an initiative by CBF to address the economic challenges facing pastoral leaders which is largely funded by a grant from the Lilly Foundation. One of the most striking parts of the meeting was the report of a survey of 642 pastoral leaders on the topic.  Four pressing concerns were identified from this data. First, those surveyed carried a heavy debt load.  Of those surveyed, 67 percent carry a debt that equaled up to two times their annual salary.  Student loans or educational debt made up 41 percent of respondent debt. Second, health benefits are limited.  Forty-four percent of the participants did not receive medical benefits from their employers.  Of this 44 pe...

Second Life

On January 1, I celebrated the beginning of my fifth year of “retirement.” In many ways, I was not ready to give up full-time employment when the time came, but as I look over my calendar for the coming month, I realize that I have been blessed with the opportunity to continue to do a number of things I enjoy. During the coming month, I will lead two online peer groups for Doctor of Ministry students, coach five clergy clients, and begin teaching a weekly online class on “The Ministry of Coaching.”  In addition, I will provide support and encourage for my coaching colleagues with Pinnacle Leadership Associates and work on a research project for Central Baptist Theological Seminary.  I also plan to get away for a couple of days to do some reading and writing and will continue to write my blog (which ethicsdaily.com and Associated Baptist Press kindly share from time to time).  My church will give me the opportunity to co-lead a Companions in Christ group on Wednesda...