How to Tithe in Retirement: Honoring God with Your Finances
Proverbs 3:9-10:
“Honor the Lord with your possessions, And with the firstfruits of all your increase; So your barns will be filled with plenty, And your vats will overflow with new wine.”
Tithing is a fundamental practice of faith, demonstrating trust in God’s provision and obedience to His Word. But what happens when you retire and no longer receive a paycheck? Does tithing change? The short answer is no—though your financial situation may shift, the heart of giving remains the same. Here are some practical ways to continue tithing even in retirement.
Budget for Tithing in Retirement Planning
When preparing for retirement, factor in your tithe as a non-negotiable expense. Just as you plan for housing, food, and healthcare, allocate a portion of your retirement income to giving. Whether your income comes from Social Security, pensions, annuities, or investments, set aside a percentage to honor God first.
Tithe from Your Retirement Income
Retirement income may look different from a salary, but it still represents God’s provision. Consider tithing on:
– Social Security benefits
– Pension payments
– Withdrawals from IRAs or 401(k)s
– Investment dividends
Even though these sources are structured differently than a paycheck, they are still financial blessings that can be used to further God’s work.
Tithe from Portfolio Growth
In some years, your investment portfolio may experience growth beyond what you withdraw. When this happens, consider tithing from the increase. It’s a way of honoring God with the first fruits of your financial increase—even if it’s not from traditional income sources. This may not occur every year, but when it does, it’s a beautiful opportunity to give back from the blessings you’ve received.
Use Required Minimum Distributions (RMDs) and Donor Advised Funds (DAFs)
For retirees over 73, the IRS requires minimum distributions from tax-deferred retirement accounts. Instead of taking the full amount as taxable income, consider a Qualified Charitable Distribution (QCD), which allows you to donate directly to your church or nonprofit, reducing your taxable income. These can be done as early as age 70.5.
Additionally, Donor Advised Funds (DAFs) offer a powerful way to organize and plan your charitable giving. You can contribute to a DAF in years when your income or investments are higher, receive an immediate tax deduction, and then distribute the funds to ministries and nonprofits over time. This approach helps shield some of your income from taxes while keeping your giving strategic and intentional.
Trust God and Give Cheerfully
2 Corinthians 9:7 reminds us, “Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver.” Retirement is a time to rely on God’s provision and continue to give joyfully, trusting that He will provide for your needs.
Give in Other Ways
Remember that tithing is about more than just money—it’s about a heart of generosity. Consider ways to give that don’t involve writing a check:
– Volunteer Your Time – Churches and ministries always need helping hands.
– Donate Assets – If you own stocks, real estate, or other valuables, you can donate them to your church or charitable organizations.
– Be a Mentor – Investing in the next generation by sharing your wisdom and experience is a meaningful way to give.
Tithing in retirement may require adjustments, but the principle of honoring God with our finances never changes. By planning ahead, exploring creative ways to give, and trusting in God’s provision, you can continue to make an eternal impact—no matter your season of life.
Are you looking for financial guidance to ensure your retirement plan includes faithful giving? Abound Financial is here to help! Contact us today to build a financial strategy that aligns with your values and honors God.
