Tithing on retirement savings

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_SatanWasSetUp
_Emeritus
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Tithing on retirement savings

Post by _SatanWasSetUp »

So what is the rule if you are retired and living off of your retirement savings? My dad is retired and living off of his 401k and other savings. He does not work. He takes out a lump sum each month to live off of, and then pays 10% on the amount he takes out. His theory is he is paying himself that month. That doesn't seem right to me because he already paid tithing on that back when he earned a paycheck and put a portion into his retirement savings. I believe he should pay tithing on the interest earned that month (actually I don't think he should pay tithing at all:), so if his retirement portfolio earned $1000 interest, he pays $100. If it takes a dive, he owes no tithing. Anyway, for all you bishops out there, how do you counsel retirees on tithing?
"We of this Church do not rely on any man-made statement concerning the nature of Deity. Our knowledge comes directly from the personal experience of Joseph Smith." - Gordon B. Hinckley

"It's wrong to criticize leaders of the Mormon Church even if the criticism is true." - Dallin H. Oaks
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_JAK
_Emeritus
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Re: Tithing on retirement savings

Post by _JAK »

SatanWasSetUp wrote:So what is the rule if you are retired and living off of your retirement savings? My dad is retired and living off of his 401k and other savings. He does not work. He takes out a lump sum each month to live off of, and then pays 10% on the amount he takes out. His theory is he is paying himself that month. That doesn't seem right to me because he already paid tithing on that back when he earned a paycheck and put a portion into his retirement savings. I believe he should pay tithing on the interest earned that month (actually I don't think he should pay tithing at all:), so if his retirement portfolio earned $1000 interest, he pays $100. If it takes a dive, he owes no tithing. Anyway, for all you bishops out there, how do you counsel retirees on tithing?


You have my sympathies that your father is so brainwashed by religious dogma that he pays any religious organization anything.

Since he is retired, I presume he feels good about what he is doing.

Happy is good…..generally.

JAK
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_charity
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Post by _charity »

We pay tithing on our retirement income because it has grown since it was invested.
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_Who Knows
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Post by _Who Knows »

I used to pay tithing on my 'net', with the understanding that I'd pay tithing on my retirement 'withdrawals'. (to avoid 'double tithing').
WK: "Joseph Smith asserted that the Book of Mormon peoples were the original inhabitants of the americas"
Will Schryver: "No, he didn’t." 3/19/08
Still waiting for Will to back this up...
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_The Nehor
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Post by _The Nehor »

There is no rule. The only counsel we have is "a tenth of your increase".

The gross and net blessings thing is an Faith-Promoting Rumor.
"Surely he knows that DCP, The Nehor, Lamanite, and other key apologists..." -Scratch clarifying my status in apologetics
"I admit it; I'm a petty, petty man." -Some Schmo
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