Better Health While Aging – Financial Exploitation in Aging: What to Know & What to Do

Here’s an upsetting situation that comes up a lot, and may have come up for you: is someone financially taking advantage of Mom or Dad? Here’s an upsetting situation that comes up a lot, and may have come up for you: is someone financially taking advantage of Mom or Dad?

It’s a pretty legitimate concern to have. To begin with, most people know that there are plenty of “scammers” out there, phoning or mailing older adults with deceptive information designed to hoodwink them out of some of their savings.

Source: Better Health While Aging

Investment News – Few are Prepared for Long Term Care Costs

There’s good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.
And people who turn 62 in 2022 — meaning they are newly eligible for Social Security — have two things to cheer about. The 5.9% COLA will be factored into their future benefits even if they don’t claim benefits until later. And those newly eligible beneficiaries, who were born in 1960, can expect an increase in their future benefits based on an increase in the latest average wage index rather than the previously forecast decline.

Source: Investment News

Kiplinger – Scammers Have Retirees in Their Sights

Older adults tend to lose the most money to scams because criminals target them with costly schemes. Here’s how you can protect yourself.
The check for $4,870 took Patty Remmell by surprise. Remmell, 66, expected to receive $1,217.50 as a 50% deposit on a writing project she was completing for a new contact who had reached out to her on LinkedIn. Then the contact sent an email explaining that his organization wanted her to complete a second project and had processed payment for both together.

Source: Kiplinger

Conversation Project – What Matters to Me: A Workbook for People with Serious Illnesses

This Workbook is designed to help people with a serious illness get ready to talk to their health care team (doctor, nurse, social worker, etc.) about what is most important to them.

Source: Conversation Project

SCORE – 8-Step Checklist for Closing Your Books at Year End

One of the things that many small business owners dread is the administrative and accounting tasks the law requires for running their small business. But if you keep up on accounting matters throughout the year, it won’t seem like such an overwhelming burden at the end of your fiscal year.

Source: SCORE

SBA – 5 Reasons You Need a Business Plan

If you are starting a small business, there is no shortage of advice on the steps you should take: registering your business name, getting a Tax ID, deciding on a business structure and applying for the needed permits and licenses. While these are all very important steps to take, a business plan will be central to how you start, grow and develop your business.

Source: SBA

Board Effect – Do NonProfits Need Liability Insurance

The answer to the question about whether nonprofits need liability insurance is more than a simple “yes” or “no.” When a group or individual considers purchasing any type of insurance policy, it’s important to think about the reason they need it, and the potential for them to cause harm to someone else, either intentionally or unintentionally.

Source: Board Effect