Thinking of joining a nonprofit board in your retirement? Look before you leap

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Many retirees serve on nonprofit boards. If you ask a roomful of them to rate their experience, some would rave about the joy of giving back. Others would call it a disaster.

Joining the board of directors of a nonprofit organization is a hit-or-miss proposition. But if you do your due diligence and follow a few simple rules at the outset, you’re more likely to come away satisfied.

“The nonprofit community always needs more board members,” said Cynthia Remec, executive director of New York City-based BoardAssist. “But if folks don’t approach the matching process thoughtfully, they won’t be happy with the board they join, which is a shame as there are more than enough boards that are great fits for most people.”

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News and analysis for those planning for or living in retirement

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From MarketWatch:

These 7 Social Security myths just aren’t true, no matter how often you hear them: There are many untruths swirling around about Social Security, and believing any of them could potentially hurt you come retirement. Here’s what to know, and what to disregard.

How to live it up in retirement without outliving your money: One of Americans’ biggest fears is outliving their money in retirement, especially considering expensive health care and longer life expectancies. Those worried should consider how they withdraw their money when the time comes.

11 steps to a better retirement: The list of considerations to make when planning retirement is long, and include housing and taxes, required minimum distributions and medical expenses. Dig deep into these 11 factors of retirement to make it easier on yourself.

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Former Local IATSE Official Ivar Carlson Sentenced For Embezzlement

Ivar Carlson, the former business agent and treasurer of the now-defunct IATSE Local B-935 in Worcester, MA, has been sentenced to one year of probation for embezzling union funds.

According to the U.S. Attorney’s office in Boston, Carlson embezzled approximately $37,000 from the local from 2007-16 by “regularly writing checks to cash from the local’s bank account and then using that cash for his own personal enrichment.”

Carlson was sentenced today by U.S. District Court Judge Timothy Hillman, who also ordered him to pay $9,786 in restitution and forfeiture in the amount of $16,151.

Carlson is the 15th local IATSE leader to be charged or convicted of embezzling union funds since 2008.

Carlson’s embezzlement — like so many others that have plagued IATSE locals over the past decade — was discovered by IATSE, which placed the local into trusteeship in November 2016 and merged it into stagehands Local 96. Prior to its dissolution, Local B-935 represented workers at the DCU Center in downtown Worcester. At its height the local only had 32 members, meaning that Carlson allegedly stole about $1,000 from each one of them.

Dow falls nearly 50 points on losses in shares of Cisco, Procter & Gamble

The Dow Jones Industrial Average is falling Friday afternoon with shares of Cisco and Procter & Gamble delivering the stiffest headwinds for the index. Shares of Cisco CSCO, -0.97% and Procter & Gamble PG, -0.78% are contributing to the blue-chip gauge’s intraday decline, as the Dow DJIA, +0.16% was most recently trading 43 points (0.2%) lower. Cisco’s shares have fallen $0.67 (1.4%) while those of Procter & Gamble have dropped $1.54 (1.3%), combining for a roughly 15-point drag on the Dow. Microsoft MSFT, -0.19%, McDonald’s MCD, -0.64%, and Apple Inc. AAPL, -0.13% are also contributing significantly to the decline. A $1 move in any one of the 30 components of the Dow results in a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

Hackers take over Twitter CEO’s personal account

@Jack might want to update his password.

The personal account of Twitter’s chief executive Jack Dorsey was hacked Friday afternoon, which resulted in a barrage of bizarre and racist tweets from @jack — famous for sending out the first-ever tweet in March 2006.

At approximately 3:45 p.m., Dorsey’s account tweeted out “Shoutout Debut, Corey, NuBLoM, Joe, Owen, & Aqua,” apparently the names of a group of hackers calling themselves #ChucklingHella.

The account immediately went on to tweet out the N-word in all caps before adding: “intel is there’s a bomb at Twitter HQ.”

A Twitter account for “Aqua” tweeted: “If I Go Jail I’ll Still Be Chuckling.”

“We’re aware that @jack was compromised and investigating what happened,” Twitter’s press team wrote.