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Business News And Financial Information

Business News And Financial Information

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessEvery little thing that it is advisable know to start out your own business. To begin and maintain a yard work providers facet enterprise idea, you need training, tools, and a growing network of customers. Step 2: Click on the My Movies” hyperlink that’s just below the Movies tab. This was one of the in style business ideas in 2018 but it’s been growing again proving that this could possibly be a protracted-term, low funding business to start.

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However, I’ve friends who’ve gone into this business and it might take … Read the rest

Association Reserves New eBook & online tool help HOAs safely tap their Reserve Fund in times of financial shortfall

Association Reserves New eBook & online tool help HOAs safely tap their Reserve Fund in times of financial shortfall

To survive temporary disruptions to cash flow, planned communities may want to consider their Reserve Fund as a resource.

WESTLAKE VILLAGE, Calif., Oct. 14, 2020 /PRNewswire/ — As the Coronavirus pandemic drives unemployment to a record high, Association-governed communities are bracing for higher than normal delinquency rates among their homeowners. Volunteer Boards across the country are all asking the same question: “Can we use our Reserve Account to cover an Operating Fund shortfall?” This includes Boards of Condominiums (Condos), Common Interest Developments (CIDs), Cooperatives (Co-ops), Community Associations (CAs), Homeowner Associations (HOAs), Property Owner Associations (POAs), Planned Unit Developments (PUDs), Townhome Associations (Townhouses), and Vacation Ownership Resorts (VORs).  Robert Nordlund, PE, RS, and Founder/CEO of Association Reserves, Inc. advises that relying on Reserves to help manage a temporary cash flow disruption must be done with great care. His eBook & online tool help Boards facing operating fund shortfalls make wise decisions about Reserves.

Boards across the U.S. are all asking the same question: “Can we use our Reserve Account to cover an Operating Fund shortfall?”

Reserves to the Rescue? eBook

Nordlund outlines four steps to take before an association-governed community even considers tapping into Reserves to fund operations:

  1. Assemble Financial Information (i.e., Bank Balances, Delinquencies)

  2. Review/Adjust the Operating Budget

  3. Maximize Communications & Collections

  4. Confer with legal counsel regarding Governing Document or state-level restrictions

If the Board elects to tap Reserves, that decision will come under intense scrutiny. It will be vitally important that a proper process of decision-making be both followed and documented.

uPlanIt- online Reserve Funding tool

uPlanIt gives Boards a way to forecast various “what-if” scenarios related to their most recent Reserve Study, such as:

  • What if we re-prioritized our Reserve expenses?

  • What if we temporarily reduced Reserve contributions?

  • What if we borrowed money from Reserves?

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Mint and Rocket Mortgage Reveal New Technology to Foster the Next Generation of Financial Empowerment

Mint and Rocket Mortgage Reveal New Technology to Foster the Next Generation of Financial Empowerment

SAN DIEGO and DETROIT, Oct. 14, 2020 /PRNewswire/ — Today, financial empowerment app Mint by Intuit Inc. (Nasdaq: INTU), and Rocket Companies (NYSE: RKT), announced a first-of-its kind partnership in which Rocket Mortgage – the first fully digital mortgage experience – is now integrated into the Mint app via API to create a fast, simplified refinance experience for homeowners.

As part of this integration, Mint users are able to pre-fill information such as current mortgage information that they’ve added to their Mint profile. They are then able to seamlessly search for, apply and lock-in mortgage refinance rates with Rocket Mortgage in as few as eight minutes, instead of days or weeks – all powered by the Rocket Mortgage API. This is the first time the Rocket Mortgage experience has been directly integrated into a personal finance platform.

“Across the country, Americans are struggling with their finances as many face difficult economic times. As interest rates are near an all-time low, now is an ideal time for many to consider refinancing their mortgages and save thousands,” said Varun Krishna, SVP & Head of Consumer Finance at Intuit. “For too long, the refinance process has been an annoyingly tedious and overwhelming experience for all of us to find the right lender and loan for our situation. We’re excited to help simplify the process for Mint users with this integration of Rocket Mortgage and give our customers some peace of mind during this already stressful time.”

With the integration of Rocket Mortgage’s digital refinance application, Mint users can now seamlessly find the best options for lowering their rate through the easy-to-navigate Mint interface combined with the powerful Rocket Mortgage API. This new feature allows users to pre-fill data from Mint, skipping through additional account creation and data entry, greatly reducing the time it

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Retirees Share Secrets to Financial Security | Aging

Retirees Share Secrets to Financial Security | Aging

You don’t necessarily need a lot of money to set up a financially secure retirement. If you’re willing to carefully manage your expenses, you may be able to retire with a modest budget.

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Here’s how to retire well on less money:

  • Know what you want.
  • Start saving early.
  • Don’t chase high-risk investments.
  • Save above-average earnings.
  • Reduce housing costs.
  • Line up utility payments.
  • Get rid of car debt.
  • Move to a less expensive area.
  • Stretch small items.

Know What You Want

Thinking about your interests can help you set aside funds to cover retirement activities. If you’re married, “Take the time to agree on what you want retirement to look like,” says Mike Smith, who retired at age 63 and currently lives in Windermere, Florida. That’s what he did prior to leaving the workforce. “We have traveled the world and will be leaving our family well set,” Smith says.

Start Saving Early

Putting aside funds well before retirement can provide the chance to build wealth through compound interest. “When money is saved and invested, then your money makes more money; then that money makes even more money,” says Marco Sison, who retired in 2015 at age 41 after working in business development for Erickson helicopters. “I funded my first retirement account at age 20.”

Don’t Chase High-Risk Investments

While some financial opportunities may look incredibly promising, diversifying savings and taking a slow and steady approach can lead to higher long-term results. “Don’t look at bitcoin, starting a new business or chasing individual stocks,” Sison says. “I keep my retirement savings in a bond and broad market ETF portfolio.” One rule of thumb to diversify involves subtracting your age from 100. The result can then be the percentage of your portfolio that is invested in stocks. For example, if you

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In A Year Combining 1918, 1929, 1968, Financial Services Leaders Talk Strategy

In A Year Combining 1918, 1929, 1968, Financial Services Leaders Talk Strategy

This year to me has been like 1918, 1929 and 1968 all wrapped into one. As financial services is central to our economy — and society — I held a September 10, 2020 conversation with four industry leaders to discuss their strategy; the Zoom audience was about 500. Here are some key lessons from these leaders on topics like the customer experience, diversity & inclusion, technology and the opportunity for transformation.

Chetan Kandhari, SVP, Chief Innovation Officer and Digital Officer, Nationwide Mutual Insurance Company talked about the concept of true dialogue, “We have to stop viewing things as a transaction but really as a constant engagement dialogue. Go away from episodic behavior to make sure we know the journeys we all want to be on, and the transaction is only part of that. This requires advanced analytics, it requires an emotional connection, and it requires the contextual information to make it personalized. I think that’s where you have to start heading if you really want to put the customer in the center which respects that today’s customer is very digitally savvy.”

Mary McDuffie, President and Chief Executive Officer of Navy Federal Credit Union, discussed their approach towards customer centricity, “Radical simplicity is how we’re approaching change to the member experience. How do you leverage the opportunity for emotional connection through the digital interaction? Now more than ever, we have to think, ‘what does the consumer want?’ Because nobody wants something more complicated. We take a lot of time training people on empathy because at the end of the day, if the member can’t make something work, they’re going to want to talk to someone. So, I think it’s a mistake to focus solely on digital. We’re all in

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