RETIREMENT
We all dream of, plan for, and save for retirement. When investing your retirement accounts with The Solomon Foundation, your nest egg will grow while also helping churches get to the next step in reaching people with the good news of Jesus. Now that’s putting your money to work!
Your existing IRA’s from other companies can easily be transferred. Any qualified Retirement Plans (401k, pension plans, 457) from a previous employer can be rolled over. You can also open a new IRA with us and start saving today!
Already retired and living the dream? The Solomon Foundation makes distributions effortless by automatically depositing to your bank on your schedule.
We keep it simple: our retirement specialists are here to guide you through the process and put your retirement funds on the right path.
Type of retirement accounts offered at TSF:
Traditional IRA
- The Core Idea: Funded with pre-tax dollars, which can lower your current taxable income.
- Tax Treatment: Growth is tax-deferred. You pay regular income tax only when you withdraw money in retirement.
- Limits (2026): Up to $7,500 annually ($8,600) if you are age 50 or older).
Roth IRA
- The Core Idea: Funded with after-tax dollars, meaning you get no immediate tax break.
- Tax Treatment: Both your savings and investment growth are 100% tax-free upon withdrawal in retirement.
- Limits (2026): Shares the same $7,500/$8,600 limit as a Traditional IRA. However, high earners are ineligible to contribute directly if their income exceeds IRS phase-out limits.
SEP/Simple IRA
- The Core Idea: Retirement plans designed for small business owners, self-employed individuals, and freelancers.
- SEP IRA: Funded entirely by employer contributions. In 2026, you can contribute up to 25% of compensation (capped at $72,000).
- SIMPLE IRA: Funded through employee salary history deferrals and a required employer match. In 2026, employee contributions are generally capped at $17,000.
Inherited IRA
- The Core Idea: An account opened when you inherit a retirement plan from someone who passed away.
- Tax Treatment: You cannot make new contributions to this account. Taxes depend on the original owner’s account type (e.g., inheriting a Traditional IRA means withdrawals are taxed; a Roth is tax-free).
- Rules: Most non-spouse beneficiaries are legally required by the IRS to empty the entire account within 10 years.
Have Questions?
Please feel free to call us at 855.873.5873 or email us at retirement@thesolomonfoundation.org to learn more.
You may also click the button below to access our Retirement Frequently Asked Questions: