Elder Financial Abuse

Bernice Napach, a senior writer at ThinkAdvisor, recently wrote about “How Seniors and Their Adult Children Can Prevent Elder Financial Abuse.”   She writes that it is estimated that one in five seniors are a victim of financial abuse of about $37 billion a year.  But, most senior adults have not talked with their children about how they manage their resources.  ‘When you don’t have the conversation, seniors are more vulnerable,’ said Desari Mueller, a consultant for Wells Fargo Advisors.

Most seniors and their children believe that a stranger will take advantage of an elder. The sad truth is that two-thirds is by family, friends or trusted contacts according to a Jewish Council for the Aging study.

Wells Fargo Media suggests eight items seniors should complete for their later years:

  1. Organize documents and passwords
  2. Discuss with the family who will manage affairs
  3. Discuss inheritance plans with family
  4. Have a will
  5. Have an advance health care directive
  6. Have a power of attorney for health care
  7. Have a power of attorney for financial matters
  8. Tell the family how much money there is

A further set of protections:

  1. Direct deposit so others can’t cash checks
  2. Annual credit report checks
  3. Automatic bill pay so other aren’t writing checks
  4. Refuse to sign documents unless others have reviewed them
  5. “Trusted Contact” on file at financial firm/bank
  6. Checks or credit cards locked in cabinets
  7. Alerts of large transactions sent to others
  8. Copies of financial statements sent to others

The local church is positioned help seniors be good stewards of their resources and prevent elder financial abuse. Now is a good time to plan an awareness event for seniors and their families.

Happy Fourth of July!

It is great to have an opportunity to celebrate the best that the United States offers to its citizens and to the world.  This year, we pause mid-week for the celebration, which in a way is a mid-year pause as well. Six months of 2018 have come and gone.

This a great week to look back over your personal and church plans for 2018 and see where you are.  It is especially important to review finances. How are you doing with paying down debt or creating an emergency fund for your household?  Pastors and Finance Committees need to take a good look at numbers for the first six months of the year in comparison to numbers from 2016 and 2017. Are they up, down or about the same?

There are still six months left in the year to get the finance numbers where you want them to be. And there is plenty of time to plan for growth in generosity this year and in 2019. Generosity in a church is not going to grow without a plan and execution of the plan. Inertia will always win.

Praying you will discover the joy of greater generosity.

Have a Plan

Good Sense Movement recently sent me a newsletter about better stewardship. The newsletter noted, “If you aim at nothing, you’re sure to hit it.” That is true in many things including work in stewardship and generosity.  Nothing will be achieved without a goal in mind.  Michael Hyatt offered a couple of suggestions about goals in the newsletter.

The very first suggestion is to be specific.  For instance, teaching the congregation about generosity is too general.  A better goal is, “Offer three classes on generosity in Sunday School or small groups.” This tells the reader what and how.

The second suggestion is to have a measureable goal.  It will be easy to measure how many people attended a class or small group on generosity.  “Develop generosity leaders” is very difficult to measure.  Stating, “We will train three to five coaches in generosity” works.

Now is the time to begin this conversation with your Finance Committee or Generosity Team.  Nothing will happen, if nothing is planned. We are almost half-way through 2018.

Planning for Financial Freedom

Financial freedom is not something that just happens. It requires a plan.  Carl Richards is the author of The One-Page Financial Plan, A Simple Way to Be Smart about Your Money. I will tell you that the ultimate plan has more than one page, but getting started really is one page.


Richards says that the biggest obstacle in financial planning is getting started. People are just overwhelmed with all of the choices, so they default to doing nothing. Some of the hesitancy is that people are afraid to face the truth about their finances. It is the old, “out of sight – out of mind” mentality. But financial freedom needs a beginning.


Richards suggests a one page starting point with the question of why? Why is money important? What is having money going to achieve in one’s life? Richards and his wife wrote down, “Time with family doing things we love.” The rest of plan was about decisions that relate to the “why.”


Today is a good day to begin a financial plan. Start with why. Then write down two to four major financial steps that will begin to move you there.

Tell the Stories of Faith

Tell the Stories of Faith


Folks, we just need to get better at telling our stories. I know Jesus talked about not letting the left hand know what the right hand is doing, but we need to celebrate what we are doing as a faith community. People need to hear how their investment of prayers, presence, gifts, service and witness is making a difference.  We need to tell our stories because others are telling stories of their accomplishments.


Various hospitals are telling about changing and saving lives. Colleges and universities communicate about their facilities and students. Even dog shelters are telling their stories. I love animals, but I believe that connecting people to Jesus is more important. Yet, we just seem to assume that people are going to give because they are supposed to give. That world is going away quickly.


Right now is the time to craft your stories as a bulletin insert, a video or a witness for worship. Look at what you are doing for children, youth or older adults. Find out about the work of the church in Mississippi and around the world. If you do not have any stories to tell, it may be time to fall in love with Jesus again as the church.


Cleaning Out for the New Year

Things You Need to Get Rid of in 2018


Alexia Dellner in Pure Wow recently listed 30 things we need to dump as we begin 2018. I have reduced her list for our use.


  1. Clean out and donate old clothes that have not been worn in years.
  2. Dump old pens that no longer work.
  3. Recycle all your old chargers and cords for devices you no longer use.
  4. Jettison all of the questionable leftovers in the freezer and fridge.
  5. Put old greeting cards in the recycle bin, unless they have glitter. No one wants it.
  6. The collection of plastic bags needs to go.
  7. Move threadbare towels to the rag bin.
  8. Drop off old eyeglasses in one of those Lion’s Club boxes for re-use in the world.
  9. Purge that junk drawer of old batteries, etc.
  10. Cut the hidden clutter under beds and in closet corners.


This works for our homes, but many of these suggestions are good for our church offices and closets. A fresher environment encourages our desire for a new beginning in the New Year.

The End of the Year

The End Is Near


Yes, the end of the current fiscal year for churches is near. What are you doing to end strong? Did you plan a special offering? Have you mailed out giving statements updated through October, so that folks are reminded about where they are in their giving? Have you reminded your members that they may give appreciated securities to the church and avoid paying capital gains? Or they may wish to direct their mandatory IRA withdrawals to the church. This avoids taxes, but you cannot use your IRA withdrawal to pay your pledge, nor can you get a charitable deduction.


If your church does not have their own brokerage account, the Foundation provides the service at cost for you.  If you need some “End of the Year” themes to use in bulletins, letters, etc., you may find them on our web site: www.ms-umf.org. Simply click on services and then on resources to find the materials.


Do not delay, because the end is near.

Use the Map

Use the Map


My wife and I were recently at a meeting in Philadelphia, PA. Our hotel was right across the street from the Philadelphia City Hall with a statue of William Penn on top. But without a map I did not know where city hall was in relation to the rest of the city, and I certainly had no idea how to find the Liberty Bell. The problem was solved with a simple map of the city. Once we knew where we were in the city, we could plot a course to the Liberty Bell and other sites. The same approach works for church financial planning.


Three quarters of the year has come and gone, so now is a good time to see where you are financially. Look over the receipts to date in light of the past two to three years. Then look at expenditures to date in light of the past two to three years. This will give you a good sense of where you are. The next step is to find where you want to be financially.


Does year end need to see an increase in giving or spending? Does the end of the year look like familiar compared to past years? Maybe it is time to find a totally new destination. This might be the year to finally break through to a new level of giving. What route will you need to plan to get there? You may wish to look beyond the close of this fiscal year to next year’s destination.


The current numbers within the context of recent years will give you a good sense of where you are. Now, the question is, “Where do you want to be and how will you plan to get there?”


Looking at Your Church as an Outsider

Looking at Your Church as an Outsider


My work at the Foundation takes me to many different churches of various sizes across the Annual Conference. Few churches make it easy to find the right door to the office, the sanctuary or to restrooms in the building. Granted, in a small church the sanctuary entrance is easy to find, but finding the office door can be a challenge. In larger church buildings one can wander and wander trying to find the right door. Many do not even have a sign outside stating the correct time of worship each Sunday. Some still have old signs with incorrect worship information. And we really expect new people to feel welcome?


I usually check for a church website or Facebook page before visiting. Some have a presence and others do not. The United Methodist Church and the Annual Conference provide information about each congregation in Mississippi. It at least lists the pastor and location. Though, I have discovered that some addresses are not correct. Many churches have not taken the time to enter their worship times. Then there are churches that have not updated websites in months or years. It is better to have nothing than an outdated electronic presence, because this is usually the first place a first time visitor will check.


Once inside your building think about directional signs, cleanliness and timely materials. Bulletin boards featuring events from 2011 and 2012 do not inspire new persons. Again, displaying nothing is better than outdated information. Another issue is outdated door signs in the building. Do not leave a sign saying, “Nursery,” that is now a storage room. I think you get the idea.


Why not invite one or two key leaders to approach the church as an outsider?

The Second Half

The Second Half


Yes, it really is the second half of 2017. Six months have come and gone. Now is the time to look at the numbers for the first six months of this year. Is giving trending up, down or about the same? What are the underlying reasons for the trend? And please be sure to work on these numbers within the context of the previous two to three years for the same time period. This will help in responding to the numbers.


There is a great resource to look at all kinds of statistics related to your own congregation at www.umdata.org. You can create graphs related to membership, attendance, professions of faith and other helpful information. You can even look at the numbers of similar congregations across the country or in the conference. This may help in interpreting financial numbers.


The one thing you cannot afford to do is to do nothing. The finance committee does not need to take the summer off and then look at numbers in September. July is an important time to look at the data for the previous six months. Generosity does not just happen.