Dear Jack-If a medium-term (2-10 yrs), professional (BSc,MSc, 4yrs exp.) missionary is working for an organization that provides no support and the missionary is responsible for covering all their own expenses- what is a fair amount to raise above and beyond expenses in order to invest for retirement/re-entry?Ben
Ben, I have received the following suggestion from a Director of Finance of a missiona agency:
I think the question needs to be addressed individually. However, I can give you is a standard policy response: We ask our incoming missionaries to put away a minimum of $125 a month ($250 couples) for their retirement. They are also welcome to put away $500 a month each if they so desire.
I hope this helps.
As far as reentry is concerned, this will depend on the cost of plane tickets, whether you can stay with relatives or not, what it will cost you to purchase a car, etc. So much depends on the individual.
I trust this is somewhat helpful, Ben!