There are many reasons why you should have a retirement account and start planning for retirement now, no matter how old or in what ministry stage you may be.
Some pastors procrastinate regarding retirement planning because they feel their current capacity for monthly savings is insignificant. However, this line of thinking does not fully appreciate the power of compounding interest.
Retiring from ministry with dignity and security will require you to open a retirement account and start saving. Here are some practical steps to get started.