CHICAGO - November 2, 2022 - (Newswire.com)

Retirement can be a great phase of life for many. Retirees can enjoy the fruits of their hard work and pursue their interests and hobbies more frequently. However, saving for the retirement they want can be a significant undertaking. Therefore, people should build a solid retirement plan carefully and set aside money diligently to stay on track. This article will cover a few questions to help see if one is retirement-ready and some tips to meet one's goals.

Questions to help determine whether someone is retirement-ready

Before taking action to get to retirement, people need to ask themselves a few questions about their retirement income and tax plans:

1. Where will retirement income come from?

Once someone retires, income can be more complicated because various sources are involved. Retirees will need a clear plan for where their income will come from. There are multiple sources available, including:

• Social Security
• Retirement accounts
• Savings and investments
• Home equity
• Part-time work
• A business
• Annuities
• Life insurance policies

2. How much income is needed?

After people know their income sources, they will need to figure out how much they'll need — and that means examining their spending habits. Don't guess at this. Track current spending, then consider what expenses to add or remove in retirement. For instance, someone may need to budget extra for travel if they plan to do so more in retirement.

3. What will someone's tax burden look like?

Planning income also means planning tax burden. Someone's overall tax burden will differ depending on where they live and what income sources they rely on. For instance, living in a state without an income tax and relying on tax-free Roth IRA funds could allow someone to draw on more assets without paying taxes.

How to prepare for retirement

Once people know where they stand regarding their path to retirement, here are some ways they can make sure to hit their goals so they can enjoy their golden years:

1. Get an accountant and financial advisor

People don't have to plan their retirement alone. Consider working with financial professionals since they have the time and expertise to handle this for others. For example, an accountant can help people plan their tax burden and find ways to help them reduce those taxes now and in retirement. Meanwhile, a financial advisor can help people develop a saving and investing plan that maximizes the chances they hit their retirement goals.

2. Increase retirement contributions

Those who are employed can take advantage of their workplace contributions. Many employers offer a "match" up to a certain amount. Maximize that match because it's essentially free money. After that, consider an Individual Retirement Account (IRA). Traditional retirement account contributions are pre-tax, but withdrawals are taxed in retirement. Meanwhile, Roth IRA withdrawals are tax-free in retirement, but contributions are not tax deductible.

3. Pay down debts

Debt can occupy a portion of someone's budget, and too much can strain their retirement savings when they need to rely on them. Therefore, people should look over their current spending habits, debt levels, and debt payments to see if they're on track to be debt-free or have minimal debt in retirement. 

The two most popular debt payoff methods are the debt snowball and debt avalanche methods. Debt snowball involves paying off debts in order of size, from smallest to largest. For example, people can put all debts except the smallest on minimum payments, then put all extra money toward the smallest debt. This helps gain momentum since someone may quickly pay off that small debt. 

The debt avalanche method starts with the debt with the highest interest rate, then works its way down. This method may have a slower start, but it can save people more on interest.

4. Get a life insurance policy

Life insurance pays beneficiaries a substantial death benefit if the policyholder passes away while the policy is in force. This can help loved ones replace the policyholder's income and pay off any debts they leave behind. In addition, the death benefit is tax-free, helping people pass down more of their assets by potentially avoiding estate taxes. 

There are various types of life insurance policies. Term life insurance is often more affordable, but keep in mind that it's a temporary policy and may last 10 to 30 years. Permanent life insurance can come with higher premiums but lasts for life and offers another source of tax-advantaged retirement wealth with the cash value growth component. According to LIMRA's 2022 Insurance Barometer Study, one of the top reasons people own a life insurance policy is to supplement retirement income.

Fidelity Life offers a variety of affordable policies for people 50 and older, including RAPIDecision Senior Whole Life, RAPIDecision Senior Term Life, and RAPIDecision Final Expense Insurance. Learn more about the life insurance options Fidelity Life offers and get life insurance quotes today to see how a policy can benefit people nearing retirement. 

Prepare for retirement

The biggest questions people must ask themselves when planning for retirement involve their income — including how much they need and where it will come from — and their tax burden. This will help them decide where they'll live and what their monthly budget should look like.

From there, people can take steps to plan for that retirement. That starts with getting an accountant and financial advisor and upping their retirement contributions. Then, they should focus on reducing their debt and covering their loved ones with a life insurance policy. Taking these steps can help people have a comfortable retirement.

Contact Information:
Laura Zimmerman
Chief Marketing Officer
[email protected]
(312) 288-0068


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Original Source: Fidelity Life: How to Find Out if One is Ready for Retirement

ChangeNOW's non-custodial crypto wallet is available in the desktop version now - users can leverage NOW Wallet on a PC in addition to mobile devices.

LOS ANGELES - November 2, 2022 - (Newswire.com)

In addition to its original mobile version, NOW Wallet, a non-custodial crypto wallet developed by the same team behind ChangeNOW, has also launched a desktop application. This update makes the highly-rated crypto wallet, which doesn't require registration and doesn't store users' private keys, even more convenient.

The Same Functionality, but on Desktop

As part of ChangeNOW's commitment to providing its users with the best user experience possible, NOW Wallet's desktop version was designed to streamline the user experience and make it easy to access digital assets across different devices. 

NOW Wallet can be restored via seed phrase on the computer and used as desired, allowing for more options in digital asset management thanks to a wider screen.

NOW Wallet is free of custody, which means that it doesn't collect personal data and guarantees the ultimate level of privacy and security to the user.

NOW Wallet allows users to store, exchange, buy, and sell cryptocurrency, choosing from tens of thousands of trading pairs. The desktop wallet supports fiat-to-crypto transactions so that users can purchase and sell crypto with Visa, MasterCard, and bank transfers, just like in the mobile app. On top of that, all transactions are completed in five minutes on average.

With a laptop or computer, users can now access the full range of features when a mobile app is not enough. With support for 30+ blockchains and more being added regularly, NOW Wallet also lets users store any existing token on seven of the most popular networks - Ethereum, Binance Smart Chain, Polygon, Avax C-Chain, TRON, Klaytn, and Solana - regardless of whether the token is displayed as supported. The wallet will show it when it is received.

NOW Wallet also offers a WalletConnect feature that may come in handy in the newly rolled-out desktop version. It is now possible to access any decentralized application (dApp) running on Ethereum, Binance Smart Chain, Polygon, and Avax C-Chain from a laptop or computer.

Staking functionality will soon be added to the desktop version of NOW Wallet, mimicking its mobile app sibling. Currently, it's possible to stake TRX, ATOM, SOL, BNB, and native NOW Token, with even more opportunities to earn passive income coming soon.

NOW Wallet has a 24/7 operational support team that responds promptly to any inquiries. On ChangeNOW Twitter the latest news can be found, and on NOW Wallet Telegram Channel the active users can share feedback and chat with other members of the community. 

Greater Security and Operational Speed 

The desktop version of NOW Wallet provides the best of both worlds — a powerful yet user-friendly crypto wallet to manage and store digital assets on a computer or laptop.

Non-custodial wallets are known for their high security, while desktop versions are even less prone to security breaches, as they are not always online.

A desktop version is also faster due to the larger capacity of computers, resulting in wallets being created in mere seconds.

Conclusion 

With this desktop version of NOW Wallet, users can access it from their computers and laptops just as easily as they do from their mobile devices. It can be downloaded from the official website. Mobile is the best version for those who like to manage their crypto assets on the go, whereas desktop is the best version for those who prefer handling crypto assets at work or at home on their PCs. NOW Wallet remains user-friendly, non-custodial, and secure, but now it can be used in more ways.

Contact Information:
ChangeNOW Media Team
[email protected]


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Original Source: Mobile or Desktop Crypto Wallet? NOW Wallet Has Both Versions

Acquisition furthers product company's expansion into financial education tools

MALVERN, Pa. - November 2, 2022 - (Newswire.com)

Anovaa, a lending software product company, announced today that it has completed acquisition of Quatromoney, an online college financial planner that enables students and parents to better assess each college's financial fit.

"Our acquisition of Quatromoney comes at a time when ensuring students and families make the right financial choice is critical," said Jeff Milne, Founder and CEO of Anovaa. "We believe by investing in tools for financial empowerment, we can ensure that all borrowers are provided the ability to achieve their higher education goals and aspirations."

"Quatromoney was built to help consumers make informed financial decisions on their college purchase," said Patrick Kandianis, Co-founder and CEO of Quatromoney. "In meeting Jeff and the team, we realized that embedding our offering with Anovaa's was the most strategic way to ensure our tools are leveraged by an even broader audience."

The acquisition will allow Anovaa to further promote financial literacy and responsible borrowing across key populations. Existing team members from Quatromoney will join the Anovaa team.

About Anovaa

Anovaa is a lending software product company designed to help lenders of all sizes stand up or digitally transform their loan programs. Using the Anovaa platform, banks, credit unions and other lenders can configure their end-to-end customer experience in as little as 30 days. Clients have access to a fully white-labeled lending experience, pre-built underwriting workflows and the ability to configure customized products.

For more information, visit anovaa.com.

Contact Information:
Brandon Ferris
Chief Product Officer, Anovaa
[email protected]
(401) 315-4677‬


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Original Source: Anovaa to Acquire Quatromoney

NEW YORK - November 2, 2022 - (Newswire.com)

iQuanti: A revolving line of credit is an open-ended account that provides a borrower with a maximum credit limit. The borrower can use it and pay it down frequently while the account is open. Different types of revolving lines of credit include a home equity line of credit, a personal line of credit, and a business line of credit. Here's what you need to know about these common revolving lines of credit.

1. HELOCs

A home equity line of credit is a loan that you can draw funds from as needed and repay at a variable interest rate. You can use the money for many purposes, such as paying off high-interest credit card debt or paying for home improvements. The equity in your home, or your home's value minus your mortgage balance, is used as collateral. You need to have at least 15 to 20% equity in your home to qualify. Lenders will offer great rates to those who have significant equity in their home, a high credit score, and a low debt-to-income ratio. Your employment history, monthly debts, and monthly income will also be evaluated by lenders. 

The two phases of a home equity line of credit are the draw period and the repayment period. The draw period is the phase where you can access your available credit. Your contract will usually only require you to make small, interest-only payments during this phase. Some contracts may give you the option to pay more and have it go toward the principal. The draw period typically lasts ten years. Unless you ask for an extension and receive it, the draw period ends. You'll then enter the second phase, which is the repayment period. This phase is when you repay all the money that was borrowed plus interest. The repayment period generally lasts 20 years. 

2. Personal lines of credit 

A personal line of credit is a loan with a variable interest rate. With these flexible loans, you can draw on funds as needed up to your set credit limit. Then, you'll repay what you owe all at once or over time, depending on your preferences. Better yet, you'll only pay interest on the amount you borrow.

Different ways you can use a personal line of credit include paying off auto loans, refinancing your student loan debt, or paying for unexpected medical expenses. Lines of credit can be an ideal option if you need money quickly and don't have anything to offer as collateral, such as a car or house.

3. Business line of credit

A business line of credit is a secured or unsecured loan that provides your business access to money to use for business expenses. Many lenders require a business to have strong finances, revenue, and several years of operation. You'll be asked for documentation such as business financial statements, personal and business bank statements, and personal and business tax returns. A business line of credit is useful when you need to finance short-term expenses like unexpected costs or replenishing inventory. Consider your financial needs carefully to help you decide which line of credit option is right for you.

Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: 3 Common Revolving Lines of Credit and How They Work

NEW YORK - November 2, 2022 - (Newswire.com)

iQuanti: Financial literacy is a critical life skill that everyone should strive to develop. There are several ways to improve financial literacy, but no matter what method you choose, the key is to gain a solid understanding of financial concepts and how they can be applied to your own financial situation. With this knowledge, you will be better equipped to make informed decisions about your money, which can lead to a more secure financial future. Here's how financial literacy works and six easy ways to improve your financial literacy:

What is financial literacy?

Financial literacy is the ability to understand and use financial information to make sound financial decisions. It includes knowledge of financial concepts, such as savings and investment, credit and debt, and financial planning.

Financial literacy is important because it enables people to make informed choices about their finances, which can lead to better financial outcomes. For example, someone who is financially literate is more likely to save for retirement than someone who is not. Financial literacy can also help people avoid making costly mistakes, such as taking on too much debt or investing in risky ventures.

Ways to improve financial literacy

Here are some ways anyone can improve their financial literacy:

1. Read financial news and articles

Staying up to date with financial news and developments is a great way to improve your financial literacy. Financial news can be found in newspapers, magazines, online, and on TV.

2. Attend financial seminars and workshops

There are often financial seminars and workshops offered by banks, financial institutions, and other organizations. Attending these can help you learn more about personal finance and investing.

3. Talk to a financial advisor

Meeting with a financial advisor can give you insights into your own financial situation and help you develop a plan to reach your financial goals.

4. Use financial tools and resources

There are many financial tools and resources available online and in libraries. Using these can help you better understand personal finance concepts.

5. Take a personal finance course

Many colleges and universities offer personal finance courses. These can be a great way to learn about financial planning, budgeting, investing, and more.

6. Join a financial literacy program

Programs like MoneySmart from the Australian Securities and Investments Commission (ASIC) offer free financial literacy resources that can help you improve your money management skills.

The bottom line

Developing financial literacy is an important step in taking control of your finances and making sound financial decisions. By taking advantage of financial resources and education, you can set yourself up for success.

Contact Information:
Keyonda Goosby
Public Relations Specialist
[email protected]
(201) 633-2125

Carolina Darbelles
Senior Public Relations Specialist
[email protected]
(201) 633-2125


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Original Source: How to Improve Your Financial Literacy in 6 Easy Ways

Event Will be Held at the Biltwell Event Center in Downtown Indianapolis

INDIANAPOLIS - November 2, 2022 - (Newswire.com)

Jennifer Seffrin, founder of Indy Holistic Hub, is proud to announce the annual Holistic Hub Wellbeing Fest, sponsored by Health & Wellness of Carmel and promoted by the Towne Post Network, will return Nov. 13 at the Biltwell Event Center in downtown Indianapolis.

The event features holistic health practitioners, complementary therapies, and product-based businesses from around the greater Indy area. The day will kick off at 11 a.m. with a keynote presentation by local author Alex Perry, who will speak on courageous conversations and bringing out the best in oneself and others. Seven years ago, Seffrin began hosting an annual Wellbeing Fest, giving the general public a prime opportunity to interact with and learn from professionals and resources in the community.

The vendor marketplace will run from noon until 5 p.m. The afternoon will offer a panel discussion featuring local experts who will discuss the mind-body-spirit connection. These experts will include holistic physician Dr. Clifford Fetters, the director of medicine at Health & Wellness of Carmel. The panel will be moderated by KJ McGlinn, a media personality, reiki master, and host of the "KJ TODAY Show." 

The two top event sponsors are Health & Wellness of Carmel and Holistic Integration. Wellbeing Fest visitors will also find them in the vendor marketplace.

Indy Holistic Hub is a holistic health and wellness members group designed to cater to the mind, body, spirit, and natural living. Indy Holistic Hub offers a free-to-use online directory for the public to find options such as acupuncture, coaching, hypnotherapy, massage, mindfulness, yoga and aromatherapy.

"It's all about supporting people to take another step toward their wellbeing, by finding their fit where they are right now on their path," Seffrin says.

Tickets for the Wellbeing Fest are just $10 and can be purchased online. The first 50 attendees receive swag bags. 

For more information on Indy Holistic Hub and Wellbeing Fest, visit indyholistichub.com or view its listing on the Towne Post Network.

Contact Information:
Tom Britt
Founder
[email protected]
317-810-0011


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Original Source: Indy Holistic Hub to Host Wellbeing Fest Nov. 13

MyGiving empowers nonprofits to leverage NFTs and digital assets to engage and steward donors in innovative ways using Algorand, a carbon-negative blockchain

BOSTON - November 2, 2022 - (Newswire.com)

Boston-based startup MyGiving partners with WILD.org to leverage digital assets to enhance fundraising results.

"We are excited to partner with MyGiving to send donors digital assets to thank them for supporting our work. The seamless and frictionless solution MyGiving offers and the fact their tool is built on the carbon-negative blockchain, Algorand, makes this collaboration even better. WILD is proud to be at the forefront of this unique and cutting-edge approach to donor stewardship," said Amy Lewis, WILD's Vice President, Policy and Communications.

"Launching this project with WILD.org is not only an exciting partnership but also proof of concept for MyGiving. We are thrilled to bring stewardship and donor relations to the blockchain while at the same time limiting the environmental impact of traditional mailing-based stewardship strategies," said Stephen Rodriguez, co-founder of MyGiving.

"We chose Algorand as the foundational blockchain for MyGiving because of its scalability, massive adoption, security, and reputation as a blockchain built for the future. We are excited about this partnership because it demonstrates the power of our platform - removing hurdles for a nonprofit to embrace digital assets and NFTs as a way to engage donors," said Karthik Shanmugam, co-founder of MyGiving.

About WILD.org and the Infinite Wild campaign:

WILD is an organization working worldwide to mobilize action to protect Half of Earth's lands and seas - the amount scientists say we need to have a future. WILD does this by working in full partnership with Indigenous Peoples, scientists, business owners, activists, and any other human that sees the value of protecting our common home. All programs at WILD support the mission of Nature Needs Half.

Infinite Wild is an NFT project designed to invite collectors into the world of our biodiversity. The top 54 donors between Oct. 1 and Dec. 31, 2022, will receive a unique, carbon-neutral NFT. Most cards represent one of four types of ecological services. Some cards feature people (especially WILD's staff) representing services we can give back to nature. All donors will receive ownership of a Community Card NFT featuring the card back design.

About MyGiving :

MyGiving gamifies philanthropy by empowering nonprofits to create and send NFTs and digital assets while providing a way for donors to virtually share and celebrate the organizations they support. Built on Algorand, a carbon-negative blockchain, MyGiving offers a white-label solution for nonprofits to create, mint, and transfer NFTs and digital assets to donors to bring donor relations and stewardship into today's digital world. 

Visit MyGiving.io and wild.org/unlock-wilderness to learn more.

Contact Information:
Karthik Shanmugam
Co-Founder
[email protected]

Stephen Rodriguez
Co-Founder
[email protected]
6178174051
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Mygiving_PR.docx



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Original Source: MyGiving Partners With WILD.org to Amplify Fundraising to Unlock the Infinite Potential of Wilderness

The national digital inclusion organization will share findings on how cities and community groups are working to close the 'digital divide.'

CONWAY, N.H. - November 2, 2022 - (Newswire.com)

Digitunity, a national nonprofit organization that advances digital equity through device ownership, and network science agency Visible Network Labs (VNL) are hosting a series of webinars to present findings from a survey on how 10 U.S. cities are working to close the digital divide.

The digital divide is the disparity between those who have ready access to computers and the internet, and those who do not. Studies show that this deep, persistent inequity keeps under-resourced people from achieving economic and educational success.

"When the COVID-19 pandemic began, it highlighted a longstanding issue in our country, which is that millions of people in America are still unable to benefit from the opportunities that the internet provides," said Scot Henley, Executive Director of Digitunity. "The survey findings explore the relationships across sectors in each city and create opportunities for new or improved partnerships to embrace the power of collective action to achieve digital equity."  

Conducted during the summer of 2022, participants of the survey included nonprofits, government offices, businesses, and other organizations in each of the cities that: 

• Are currently involved in or leading their city's digital equity efforts.
• Would like to be involved in digital equity efforts.
• Have resources to provide to advance digital equity.
• Have opinions about or a stake in digital equity in their city.

 Details about each upcoming webinar, including registration links, can be found below:

• Thursday, Nov. 3, 3-4 p.m. EDT
  • Focus Areas: 
    • San Diego, CA 
    • Washington, DC
    • Milwaukee, WI
  • Meeting ID: 895 0875 0552
  • https://links.digitunity.org/vnl-webinar-1
• Friday, Nov. 4, 12-1 p.m. EDT
  • Overview of results. Open to the public.
  • Meeting ID: 860 7330 8192
  • https://links.digitunity.org/vnl-webinar-general
•  Thursday, Nov. 10, 2-3 p.m. EST
  • Focus Areas: 
    • Seattle, WA 
    • Dallas, TX
    • Buffalo, NY
  • Meeting ID: 881 7748 8907
  • https://links.digitunity.org/vnl-webinar-2
•  Thursday, Nov. 10, 3-4 p.m. EST
  • Focus Areas: 
    • New York, NY 
    • Atlanta, GA 
    • Raleigh, NC
    • Pittsburgh, PA
  • Meeting ID: 881 7245 4119
  • https://links.digitunity.org/vnl-webinar-3

A critical step towards advancing digital equity is ensuring everyone has access to a large-screen device, such as a desktop, laptop, or tablet. The survey led to the creation of network maps for each city along with geographic information system (GIS) maps. Through this visualization tool, stakeholders and community groups have a better understanding of who is involved and connected.

"Working with a network of partners is essential to building a collaborative advantage," said Dr. Amanda Beacom, Vice President of Research & Data Science, VNL, "Most organizations build networks using a 'more is better' mentality that saps their time and resources. The community partner relationship manager is designed to track, map, and adapt networks in real-time using network science data and insights."

Having a connected computer and the skills to use it productively is a fundamental need. The issue of the digital divide disproportionately affects communities of color but persists across all boundaries. Digitunity remains committed to eliminating the technology gap, so everyone can thrive in a digitally connected society. To learn more, please visit www.digitunity.org. 

About Digitunity

Since the 1980s, Digitunity has advanced digital inclusion by connecting donors of technology with organizations serving people in need. Our mission is to ensure everyone who needs a computer has one, along with robust internet connectivity and digital literacy skills. To learn more about our mission, please visit www.digitunity.org. 

About Visible Network Labs (VNL)

Visible Network Labs is a team of network scientists, developers, data analysts, evaluators, and technologists working together with a shared mission of building society's capacity to transform and strengthen social connectedness at all levels of life. VNL focuses on creating new tools, training, and services to make network science and analysis accessible to those who need it.

They worked with the Bill and Melinda Gates Foundation to evaluate their Networks for School Improvement portfolio and guide their strategy moving forward. They also worked with LA County to strengthen the LA Mamas collaborative health partnership for low-income mothers in the Los Angeles metro area. To learn more, please visit https://visiblenetworklabs.com. 

Contact Information:
Maria Penaloza
[email protected]


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Original Source: Digitunity to Host Webinar Series Highlighting Digital Divide Survey Findings