On Mission with You Even in Uncertain Days
With the coronavirus (COVID-19) as well as the market volatility we are experiencing, we know that your normal routine and ministry operations have experienced major disruptions.
In response, our commitment to be on mission with you continues during these days, as we would like to offer you both the most recent updates and free retirement resources to help you respond to the questions and concerns of your plan participants:
The COVID-19 Pandemic Phase III Stimulus Package provides potential relief for churches and pastors. This outcome is thanks to efforts by the Church Alliance - a national coalition of large and historic church benefit boards (including GuideStone) - and Southern Baptist partners who worked to ensure churches and pastors have the same options as small businesses and self-employed individuals attempting to financially weather the economic turmoil wrought by COVID-19. GuideStone’s Legal team has prepared a lengthy Q&A for churches and pastors looking for answers to how this stimulus package may impact them.
IRS Tax Filing and IRA Contributions Deadline Postponed
To help provide some relief to all Americans who have been adversely affected by the COVID-19 pandemic, the IRS has postponed both federal income tax filings and payments from April 15, 2020, to July 15, 2020.
For further information, see IRS Notice 2020-17 and Notice 2020-18.
With the daily ups and downs of the market, it's important to have trusted voices providing factual, balanced perspectives. Listen in as Will Lofland and David Spika of GuideStone Capital Management® dive into the forces driving volatility in the market and what it may mean for your retirement plan.
From our Weekly Macro Minute to Monthly Market Perspective and quarterly Financial Market Review, stay up-to-date on the most recent insights and commentaries from GuideStone Funds®.
Many retirement plan participants are asking questions about how best to manage their retirement account and strategy through recent market volatility. We've compiled the top FAQs to help answer these questions.
In mid-March, David Spika, president of GuideStone Capital Management, sat down for a Facebook Live interview with Jonathan Howe of Baptist Press to provide insight on the effects of unexpected events like the coronavirus and how to respond.
Saving for retirement is one thing. Saving strategically — that’s quite another. It’s important for participants not only to contribute but also to regularly evaluate and increase the percentage of contributions — at least on an annual basis. Check out these 4 saver personalities and see the different financial places their choices took them to help participants make the right decision for themselves during this time.
Sometimes you have to see it to believe it. Have participants enter their financials, and the calculator generates projections to see if they are on the right track. Participants can rerun numbers as needed to see alternative outcomes.
Investors looking for a one-fund solution often turn to a Target Date Fund or a Target Risk Fund. Each type of fund is based on factors unique to the investor. But how are they different? How are they the same? And which one is right for your participants?