Apostles all came from highly lucrative careers, right? What happens to the retirement money they saved up during their careers when they become an apostle, when apostles get paid 100+k/year and also have living and travel expenses covered? Does it just sit unused?
It would go to whoever they named as beneficiaries of their retirement plan.
No. It goes to them. They take the retirement cash and spend it. And then also spend the 6 figure “stipend” the church gives them.
Meanwhile the widow contributes her mite.
They need that money to pay for their grandchildren’s college education. Oh wait! That’s paid for by tithe payers!
It essentially becomes an inheritance. Their monthly expenses are all essentially paid for. Health insurance, pension, children's college, they even get parsonage for their house costs. So they are getting 15-20k a month as their "stipend" which just becomes savings. And remember when a GA hits their retirement age they get both their church pension and their paid salary.
I know from first hand experience that a member of the First Presidency can easily have millions in just their cash savings.
I find it hilarious that Thomas S Monson worked for the church since 18, became an apostle in his 30s, and died a multimillionaire. After a lifelong ecclesiastical career. Can’t make this shit up.
Damn! 🤯
Not only did he become an apostle in his 30s, Monson had been a misson president for a few years in his 30s too. His entire working career is estimated to have been around 12-15 years
While he served as a full time apostle Monson was on the board of directors of quite a few church owned businesses as well as a number of private companies, these would have been very lucrative. Board positions of for profit companies pay anywhere from a few thousand to hundreds of thousands of dollarrs a year, often for no more than a day of work every month or two
But Hinckley put a stop to all that when he became president. He was one of the few high church leaders who did not really take advantage of the cashcow of board positions and when he became president he banned Q15 members from serving on for-profit boards unless they were a founder or owner of the company and he instituted a change to church owned boards, they only pay expenses for board members now, no salary
Hinckley and Monson were in lockstep on so many things, its hard to imagine the ban on board memberships wasn't Hinckley specifically and pointedly stopping something he thought Monson was overdoing
One thing Hinckley didn't change was the laundering of millions and millions in church money to Q15 members via lucrative book deals with Deseret Book
Navy + Prophet = Profit
Apostles live in luxury and then die, and their heirs inherit huge estates.
It just occured to me, but that potential inheritance may be one of the factors that keeps them in line. There's probably a catch in there so that if they leave the church or tattle about what happens behind closed doors, they get cut out of the will. Total speculation, but your comment somehow triggered this in my stupid brain.
I would find it shocking if that were not the case.
Golden parachute 🪂 has a reason. Hush money.
I’ve heard they allegedly use it to buy babies’ blood.
No, that’s provided.
401K, free snacks in the break room, baby’s’ blood?
Back in the '80s, it was commonly taught that when they became apostles they gave their money to the church in exchange for the church providing for them for the rest of their lives. This is what we were told in the MTC when I went on my mission in the early '90s. That is what we would tell investigators when they would ask this very question. Apparently, things have all changed. Or, maybe they haven't, maybe just the lies.
They didn't all have lucrative careers. Monson was a church employee for almost all of his. He still had millions personally at death.
What retirement money? There are no paid clergy in the one true church! They do it for the love of
the gameJesus!They all followed the example of Christ and gave all their possessions away to the poor to fully dedicate their lives as apostles.. like Jesus required of the original 12!
If your name is Gary Stevenson it means when your net worth hits $1B you keep it all. It is good to be King.
You get to rename people. Dallin becomes Dallas. I am always going to give him credit for that. The best blunder ever. Thank you Gary.
One of the greatest moments in modern church history. His second mistake during that presentation was overshadowed by his Dallas intro when he said “relevatory” instead of “revelatory”.
Who is Gary Stevenson?
He’s one of the newest apostles. Sold his business when he moved up to the bigs and was told there was no problem with him keeping the money. The old fashioned “give all you have to the poor and come follow me” is so yesterday.
If you don't know who Gary Stevenson is then you are truly blessed. A tender mercy. Someday I want to be to the point where I don't know who the current members of the q15 are.
I also want to know!
I don't know why they wouldn't keep it. Just like the church, getting fully stipended makes it really easy to let your retirement grow. The hoarding continues.
Buying luxury 2nd homes in the mountains?
Who's going to get to Stevenson's billion dollars?
I’m sure it’s their’s to use as they see fit. They could invest it, spend it, whatever they want.
My understanding is they get the benefits that you mentioned and more, but they still get to keep whatever wealth they’ve accumulated. Just like any other retired person.
What a great system! This is definitely the one true church! The apostles and profit definitely don't have any motivation to say the church is true and keep the members in lin—I mean keep them paying tith—I mean ensure that the members are blessed for eternity for keeping the true word of God!
If they have 401k accounts, they'd still have to take RMDs when they're 73. But because of that nice "stipend," they can simply reinvest the RMDs. Kids still win when they die.
At least the kids get something after a life with an absentee father
Some of the apostles came from a lucrative career. Now they all benefit from the most lucrative employment of all; cult leadership.
Generational wealth
My personal theory, for which there's absolutely NO evidence, is that apostles are required to consecrate their personal assets to the church. They in turn are given access to a bank account/funds on which they can draw whatever they want. If you are unwilling to consecrate, then you're not ready to be an apostle.
It's just a theory.
A church theory! Thank you for watching!
.... I'll see myself out
The same thing that happens with anyone's money. People do whatever they want. How is this even a question?