Daily Archives: May 9, 2021

How tailored security and automation can be a real help to real moms | Venture – Daily Hive

Posted: May 9, 2021 at 12:03 pm

There are some things in life that we can only learn about through firsthand experience. No matter how much we dream, read, or listen to advice about such things, nothing can fully prepare us for their reality. Being a mother is one of these amazing things.

We can be a mother of a baby, a child, or a grown-up; a birth or adoptive mother; a mother to our nephews, neighbors, pets, or plants. A solo or co-parent, a father-mother or even a mother to our own parents. The moment we become responsible for someone, we take on this new role in our lives.

While this can be the most joyful experience in the world and provide unimaginable love and fulfillment, it can also come with a list of never-ending challenges. The more help we can get in our everyday lives, the better well be able to manage the tasks that we want to accomplish.

Home security and automation are of great value in this sense. A home with custom solutions can make every mothers life easy and comfortable in a few clicks. From safety and comfort, to peace of mind, custom solutions allow us to leverage the benefits of modern times whilst performing our daily tasks.

As concerned about our kids as we may be, we cant keep them close all the time. But we can take steps to keep them safe and ease our worries in the process. When they walk home from school, for instance, we want to ensure that they arrive safe and nothing bad happens on their way home. Imagine being sent a text when your front door opens and being able to view your children enter your house, using a simple smartphone app.

And if they forget to take their keys with them, you can unlock the door remotely using the same app ensuring that they can get inside safely, instead of waiting at the neighbours.

Concerned about the kids playing around your pool, especially your little ones? Motion detection cameras can show what activity is happening around the area, at any time. Wherever we are (at home or outside), custom monitoring solutions can help us keep an eye on everything.

New moms know how sacred a babys nap is. Any movement or noise can wake them up, and it may be a while before they (or we) fall asleep again. How we wish that we could elongate our arms to reach that far away remote control or light switch. Well, wish no longer. With the same all-in-one app, you can simply press a button on your phone to adjust the lighting or turn the TV volume down. Simple as it should be!

For smoother mornings, imagine replacing the loud clock alarm in the kids bedroom with some exciting music, and programming the lights to turn on automatically at a chosen time. Then all we need to do is come in shortly afterward, and ensure that they are up and ready to head to school.

On those days when we come home from the grocery store holding multiple bags, without a hand to spare, we can simply turn on the lights and unlock the door with a finger.

When we become mothers, finding time for ourselves is tough. Kids demand so much attention! Still, its important to take some me time to go for a run or sit at the park to enjoy the peace and quiet.

When taking this time to ourselves, we may perhaps leave our eldest child to babysit the youngest or leave the dog at home alone. Nevertheless, we can still see what is happening at home by checking the app on our device. We can also check that the doors are locked, or turn on the lights when it gets dark. And if someone rings the doorbell, we can answer it remotely on their behalf.

At the end of the day, when the kids go to bed and your pet is napping contentedly at your feet, it can be a real treat to simply lie down on the couch with our smartphone and order some food. Might as well dim the lights, adjust the temperature, and stream a movie On Demand, too. Moments like this are precious and remind us of the things we like to do and who we are beyond being a mom.

Security and automation solutions provide great features to everyone, especially to the mother figures who tell us real stories every day. Just like each unique mother, TELUS Custom Security Systems can bring a unique solution to every moms life.

With over 200 years of acquired industry experience and featuring best-in-class quality video, analytics, access control, and integration with the innovative solutions of the future, TELUS Custom Security Systems is a real help to real moms. Visit telus.com/customhomes today and learn more.

This content was provided by one of Daily Hives client partners. Daily Hive was not involved in the creation of the content.

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LexisNexis Future of Claims Study Illustrates How COVID-19 Accelerated Claims Automation for Both Insurance Carriers and Consumers – Yahoo Finance

Posted: at 12:03 pm

The report offers advice for how insurers can turn self-service virtual claims processing into a competitive advantage and outlines a 2025 claims automation roadmap

ATLANTA, May 3, 2021 /PRNewswire/ -- LexisNexis Risk Solutions today released its 2021 "Future of Claims Report," revealing how the COVID-19 pandemic has accelerated claims automation. The report includes actionable insights for auto insurance carriers to improve their customer experience and turn virtual claims processing into a competitive advantage. The secret? Offering a hybrid model of self-service claims with access to a personal touch when consumers feel they need it.

LexisNexis Risk Solutions (PRNewsfoto/LexisNexis Risk Solutions)

The third edition of the bi-annual LexisNexis Risk Solutions study tracks the auto insurance industry landscape and identifies the latest trends in claims processing, including how the insurance industry is adapting in its automation journey and where carrier and consumer perceptions intersect and diverge on the road toward touchless claims processing. As part of its analysis, LexisNexis Risk Solutions interviewed 25 auto insurance claims executives and surveyed 1,750 auto insurance policy holders, of which 1,000 filed a claim within the last two years (a subset of which filed claims since March 2020 after lockdowns were initiated). The results of the study underscore how the pandemic has impacted the claims process and helped define a new normal.

Prior to the pandemic, less than 15% of auto insurance claims were handled virtually, but as soon as the shutdown was implemented in March 2020, virtual claims handling increased to 100% - based on conversations with insurance carriers. Now, just over a year later, virtual claims handling has settled to a level of a little over 60%, illustrating that while consumers are getting comfortable with automated processes, insurance carriers have some work to do to keep the industry moving toward a future of touchless claims.

"While the past year has proven to be a great awakening for claims automation, we're now at a crossroad, and what will set insurers apart is a complete claims handling digital transformation and move from traditional to touchless," said Bill Brower, Vice President, Claims, LexisNexis Risk Solutions. "As we look ahead to 2025, the industry should be optimistic that we will soon see a day when the vast majority of claims will be processed virtually. But it will take hard work to get there."

Story continues

The Future of Claims reveals that auto insurance carriers are on their way to touchless claims, but that insurers need to understand and cater to their customers' wants and needs when it comes to the digital claims experience to get to complete adoption of the process. Key highlights include:

Comfort and satisfaction with the claims automation process is increasing and consumers are now seeing the advantages of self-service claims, as 62% say it's more convenient to submit a claim any time/anywhere, and 55% say it enables faster claims settlement.

Younger, more technology-savvy generations are adopting faster as 68% of Millennials and 53% of Gen Xers say that the pandemic has made them open to filing a claim online.

Mastering a hybrid model is the sweet spot for claims processing as it provides the benefits of automated solutions combined with access to help from a Claims Representative when consumers feel they need it, which helps avoid frustration.

Automation has shifted from driving efficiency to driving decisioning as carriers are now leveraging the benefits of artificial intelligence and machine learning to enhance the processes for damage assessments, segmentation, estimations and payouts, in addition to intake support.

Areas of Improvement to Increase Customer SatisfactionWhile adoption is increasing and overall virtual claims satisfaction remains high at 92%, those "very satisfied" with their recent virtual claims process slipped 11% since 2019, likely driven by increased consumer expectations for ease of use. Many indicated dissatisfaction with some of the tools, particularly for more complex claims. To improve the customer experience with self-service claims, the study reports that timeliness, reducing the number of touchpoints, and utilizing features like data prefill are the areas of focus for carriers.

Although consumers may be most vocal about the ease of their virtual claims experiences, it's actually data privacy concerns that are their primary apprehension when it comes to adopting touchless claims. More than three in five (61%) consumers expressed concern about the security of their personally identifiable information when submitting claims virtually. While carriers understand the importance of cybersecurity, only one in 10 are using two-factor identification, which may suggest a struggle to address cybersecurity in their claims processes.

"Overall, consumers are willing to move to more self-service claims options as long as the experience continues to evolve to meet their expectations and deliver the benefits of convenience and security," continued Brower. "Whether claims automation will become the new normal is still up for debate, but this past year has proven to be a powerful proof point for the viability of automated claims processing, both in terms of insurer capabilities and consumer receptivity. Now is the time for insurers to continue to develop and refine their claims handling digital transformation, before it's too late."

About LexisNexis Risk Solutions LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit http://www.risk.lexisnexis.com and http://www.relx.com.

Media Contacts: Rocio Rivera LexisNexis Risk Solutions Phone: +1.678.694.2338 rocio.rivera@lexisnexisrisk.com

Mollie Holman Brodeur Partners for LexisNexis Risk Solutions Phone: +1.646.746.5611 mholman@brodeur.com

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Robotic Process Automation (RPA) Software Market with Covid 19 Analysis and Challenges On Upcoming Trends 2021-2028 KSU | The Sentinel Newspaper -…

Posted: at 12:02 pm

This market report involves the drivers and restraints for Robotic Process Automation (RPA) Software Market that are derived from SWOT analysis and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles. The market data within the report is displayed in a statistical format to offer a better understanding upon the market dynamics. This report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market

Robotic process automation (RPA) software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to robotic process automation (RPA) software market.

Robotic process automation (RPA) software marketsize is valued at USD 182.8 million by 2019 to USD 379.87 million in 2027 and is expected to grow at a compound annual growth rate of 7.10% over the forecast period of 2020 to 2027.

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The major players covered in the robotic process automation (RPA) software market report are UiPath, AUTOMATION ANYWHERE, Blue Prism Limited, NICE, KUFAX Inc., Pegasystems, NTT Advanced Technology Corporation, EdgeVerve Systems Limited, FPT software, HelpSystems, Redwood Software, IPSoft, Celaton ltd, Atos SE, Cognizant Infosys Ltd, Xerox Corporation, Jacada, Kryon, business Vision among other domestic and global players.

Robotics process automation software market is an application of the technology which configures computer software to capture and interpret various applications for processing transactions to excess data and communicate with other digital systems.

The growing factor for robotic process automation (RPA) software market would be cloud adoption which is rising with the trend, another thing which drives up the market is the increasing e-commerce industry as an addition to the growth. The advancement of technology in retail industry, boost the market growth. The major driver for this market is the capability of robotics process automation software which saves time and money by performing high volume data. Apart from the drivers the restraining factor for this market would be the datasecurityrisk and lack of awareness regardingroboticsprocess automation. It would not be of great help in business processes because of it less potential quality which impacts the market growth negatively. Robotics process automation software market provides opportunities such as integration of robotic process with increasing demand in the logistics.

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Competitive Landscape andRobotic Process Automation (RPA) Software MarketShare Analysis

Robotic process automation (RPA) software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to robotic process automation (RPA) software market.

However, the obsolete technology and dull tasks will pose a great challenge for the growth of the market.

Robotic process automation (RPA) software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robotics process automation software market contact Data Bridge Market Research for anAnalyst Brief, our team will help you take an informed market decision to achieve market growth.

Robotic Process Automation (RPA) Software Market Scope and Market Size

Robotic process automation (RPA) software market is segmented on the basis of product type, service, deployment, organization, process, operation and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

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Data Bridge Market ResearchPvtLtdis a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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Automation is on the rise and so are the threats against human employment – Daytona Beach News-Journal

Posted: at 12:02 pm

The Daytona Beach News-Journal

In case anyone hasnt noticed or, more properly, refuses to acknowledge, there is a trend toward unemployment that has been taking place since the Industrial Revolution, driven not by disease but by automation and the ongoing introduction of labor-saving machines.

At first, it was in the productive cycle. Machines can produce goods faster and more efficiently than human employees. What to do? Well, lets create service jobs, like retail sales and banking. That worked, albeit not very lucratively for the employees, until the advent of online purchasing and electronic banking.

So where do these millions of displaced employees go? There are only so many lawns to mow or entertainment vacancies to fill. I know. Well use some of them to deliver all these products theyre no longer needed to produce, or that are being produced abroad for slave wages. That will work until the latest trend kicks in delivery by drone, that is already proving its convenience, effectiveness and profitability. How many people are we going to need to service the drones, which will no doubt soon be able to sort out the deliveries for themselves?

More: Florida Legislature: Senate presses ahead with effort to increase unemployment benefits

There is a pandemic at work here that eclipses any biological threat, and even more intractable. It is the replacement of people by technology. And its not going away. Businesses do not exist to employ people. They exist to make a profit. Employees are a pain. They constantly demand higher pay. They get sick. They take time off. And they cant live on relief forever.

Stephen L. Doll, Ormond Beach

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ThreatQuotient launches automation capability for detection and response – IT Brief New Zealand

Posted: at 12:02 pm

ThreatQuotient has launched a data-driven approach to SOAR and XDR to help accelerate detection and response.

The company has announced its new ThreatQ TDR Orchestrator, a data-driven automation capability that enables users to control what actions are to be taken, when, and why through the use of data.

With the shortage of security personnel, automation has become a key strategy to offload repetitive tasks and empower humans to conduct advanced security operations tasks more efficiently, the company states.

To date, automation has been looked at as defining a process and the steps needed to complete that process.

This approach ignores the fact that automation is much more than just running the process, according to the company. In reality, there are three important stages of automation to define and address.

These are initiate, run and learn. Initiate,define what should have actions taken upon it and when those actions should occur; run, perform the course of action or defined process through to completion; and learn, record what is learned for analytics and to improve future response.

ThreatQ TDR Orchestrator puts the smarts in the platform and not the individual playbooks by using Smart Collections and data-driven playbooks, ThreatQuotient states.

The application of Smart Collections and data-driven playbooks provides for simpler configuration and maintenance, and provides a more efficient automation outcome.

This approach further addresses all three stages of automation by enabling users to curate and prioritise data upfront, automate only when relevant, and simplify actions taken.

It can be used to complement other playbook capabilities through ThreatQuotients ecosystem partners or users can define data-driven playbooks within the ThreatQ platform, the company states.

To improve the platform smarts, it will also capture what has been learned to improve data analytics, which in turn improves the initiation stage of automation.

Use cases for ThreatQ TDR Orchestrator include but are not limited to automating the following: hunting key threats as new intelligence is learned and recording the results; deploying blocking and detection content to EDR and network devices; enriching threat intelligence that meets complex criteria including relationships; tasking a user to patch a high priority vulnerability that is being used in relevant campaigns.

ThreatQuotient VP of product management Leon Ward says, The security industry's approach to automation has overlooked the vastly different needs of detection and response use cases.

"The focus of ThreatQ TDR Orchestrator is data, not process. In detection and response, what is learned when performing an action is far more important than the action itself.

"ThreatQuotient has seized an opportunity to define and provide automation in a way that reduces complexity for security teams.

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Astronomers are Watching a gas Giant Grow, Right in Front of Their Eyes – Universe Today

Posted: at 12:01 pm

In the vastness of space, astronomers are likely to find instances of almost every astronomical phenomena if they look hard enough. Many planetary phenomena are starting to come into sharper focus as the astronomy community continues to focus on finding exoplanets. Now a team led by Yifan Zhou at UT Austin has directly imaged a gas giant still in formation.

To do this, the team used that workhorse of astronomers for the last 30 years Hubble. They pointed it at the orange dwarf system PDS 70, which is known thought to have two planets in the formation stage. The system is located in the constellation Centaurus, about 370 light years away from our solar system. One of its planets, PDS 70b, is a gas giant that circles its star at about the same distance as Uranus from our Sun.

PDS 70b is still relatively young, at about 5 million years old, but it has already grown to the size of approximately 5 Jupiters. It also appears to be at the tail end of its growth phase, collecting only about 1/100 of a mass of Jupiter over the next million years if it maintains its current rate of growth.

That growth is fueled by a circumplanetary disk that collects material from a larger circumstellar disk and funnels it onto the planet. Those funnels follow magnetic field lines into the planets atmosphere, and can be viewed at extra hot specks in ultraviolet wavelengths.

Dr. Zhou and his team managed to directly image the planet, making it one of only about 15 that have been directly imaged so far, and the youngest of those imaged by Hubble. They used the space telescopes ultraviolet sensors to capture an image of both the PDS 70 star and its growing gas giant. The problem was filtering out the stars light, which was 3000 times brighter than the ultraviolet light from the planet.

Using a novel post processing technique, Dr. Zhou was able to block out the light from the star and leave only the light emitted from the planet to be analyzed. In doing so, he also decreased the maximum exoplanets maximum orbit around a star that can be viewed by Hubble by a factor of five.

The team points out that this observation is only a snapshot in time, so there is no data on any changes to the speed with which PDS 70b is continuing to grow or how close it is to completing its growth. However, string enough snapshots together over time and they begin to form a moving picture that provides more information than a single one ever could. With luck, Hubble will continue to collect more data on the PDS 70 system using Dr. Zhous techniques to track the progress of its planets fascinating creation process.

Learn More:Hubblesite Exoplanet PDS 70B Is Gobbling Up Gas And Dust As It Continues To Build MassThe Astronomical Journal Hubble Space Telescope UV and H?Measurements of the Accretion Excess Emission from the Young Giant Planet PDS 70 bSci-News Hubble Captures First-Ever Ultraviolet Image of ExoplanetSyFy HUBBLE SEES A NEARBY VERY YOUNG EXOPLANET FINISHING UP A GROWTH SPURT

Lead Image:Artists conception of the PD 70b planet being formed showing material flowing along magnetic fields into the atmosphere.Credit: McDonald Observatory UT, Yifan Zhou (UT), NASA, ESA, STScI, Joseph Olmsted (STScI)

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How Islamic astronomers changed Chinas view of the stars – The National

Posted: at 12:01 pm

Near a forest of skyscrapers in downtown Beijing, four dragons have combined their strength to lift a replica of the solar system. In Chinese culture, no image is more auspicious than the dragon, which symbolises power, wealth and fortune. It is fitting, then, that those mythical creatures are depicted by this steel statue as trying to come to grips with the universe. Because this is just what the Chinese have been attempting to do for thousands of years.

This metallic model, called an armillary sphere, is one of many historic scientific instruments scattered through the grounds of the 579-year-old Beijing Ancient Observatory. An offbeat tourist attraction, the huge building looks like a weathered fortress and is brimming with astronomical relics, some of which were influenced by Islamic science, particularly during the Islamic Golden Age in the 1200s. Back then, brilliant Muslim mathematicians were brought to Beijing to share their knowledge and alter how China analysed the universe.

A sliver of green lies about 700 metres south of the observatory, largely hidden behind high-rise buildings. This is the Ming Dynasty City Wall Relics Park. Within this small public space are some of the finest remains of the fortifications that surrounded and protected Beijing during Chinas Ming Dynasty (1368-1644). But it was during the previous Yuan Dynasty (1279-1368) that Islamic astronomers first made their mark in China. By that stage, the country had long been paying close attention to the sky.

The small but informative museum inside this observatory complex displays Chinese ceramics up to 5,000 years old, which are embellished by images of the Sun and the stars. Elsewhere, solar eclipses are mentioned in Chinese texts dating back 2,700 years.

Not long after that, the ancient Greeks made a discovery that changed human perception of the physical world. In the 6th century BC, Greek academics produced evidence that our apparently flat planet was in fact spherical. They did this by highlighting how the skys appearance varied depending on the location from which it was viewed, and by documenting the curved shadows cast on to the Moon by the Earth during lunar eclipses.

What these Greek scientists did not know was that some of those stars they monitored so closely would eventually explode. Like a magnificent piece of abstract art, the dark canvas of space would be decorated by an eruption of light and colour marking the end of that stars long life. This was a supernova.

Stars had been dying in this spectacular fashion for millions of years before a human ever took note. It was in China in the year 185 that a supernova was first documented, as highlighted by the observatorys museum. Now known by scientists as SN 185, this exploding star created a unique pattern that remained visible to humans in the night sky for eight months. One Chinese observer recorded this unusual event, which was then included in the important Chinese historical text The Book of the Later Han.

The Chinese were not only intrigued by the mysteries of the stars, or beguiled by their beauty. They were also wary of their wrath. Chinese historical records, some dating back more than 2,000 years, make repeated mention of falling stars. These accounts are now widely believed to describe large meteors striking the Earth.

Official texts even detail deadly meteors, including a fallen star that supposedly killed 10 people after smashing into a rebel base in China in the year 616. While scientists whove investigated this account have been unable to prove its veracity, such stories fed into ancient Chinas fear of, and fascination with, the sky.

By the 1200s, China had a strong grasp of how the solar system operated. But it was not satisfied with that. During the Yuan Dynasty, its Emperor Kublai Khan recruited outstanding minds from all over the world. One of those foreign geniuses was Marco Polo, the Italian explorer who spent about 20 years serving as an ambassador for Khan.

In 1271, the same year that Polo first set off for China, Khan built an observatory in Beijing to be used specifically by Middle Eastern scientists. Islamic astronomers were then widely considered to be among the most advanced in the world. So the Yuan Dynasty gave them their own sophisticated facility, well equipped with Arabic texts and instruments.

In command of the more than 30 staff at Beijings Islamic observatory was Jamal Al Din, a renowned Persian astronomer. He oversaw the creation of a handbook that explained the methods of Islamic astronomy. This and other works by the Islamic scientists were later translated into the Chinese languages and studied by Beijings elite astronomers.

Particularly during the Ming Dynasty, Chinese astronomers began to double-check their own measurements and findings against those of Islamic astronomy, to try to hone this science. Accuracy was crucial. These comparisons with Islamic astronomy were particularly useful to the Chinese in predicting solar and lunar eclipses.

Equally influential was the precise Islamic method for calculating the latitudes of the Moon and the so-called Five Planets: Mercury, Mars, Jupiter, Saturn and Venus. Those planets were especially important to the Chinese, who viewed them as representing the five elements of life water, fire, wood, earth and metal, respectively.

So great was Chinas respect for Islamic astronomy that the observatory continued to operate in Beijing for almost 400 years. Its highly respected scientists influenced their Chinese counterparts, who worked at the Beijing Ancient Observatory, which was opened in 1442.

This historic complex has not been used for scientific purposes since 1929. Yet in recent decades it has again become a centre for the international exchange of information and ideas. Not as a research facility, but rather as one of Beijings most unusual tourist sites, which attracts travellers who, like the ancient Chinese, are keen to better understand the stars.

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A Single Mom Who Retired at 49 Says She Took 6 Steps to Reach Her Goal – Business Insider

Posted: at 12:01 pm

When you think of a person who reached early retirement, the image of a 20-something who made a high salary by working in tech might come to mind. They might've hit that ambitious financial goal and left the workplace earlier than most folks by either investing in a handful of real estate properties or growing a side business.

That wasn't the case for Jackie Cummings Koski. She decided to pursue FI/RE (financial independence, retire early) in her mid-40s. Fast forward five years later, and in 2019, she had a net worth of $1.3 million at the age of 49 enough to leave her full-time job. Here's how she did it.

One of the most powerful things Koski has ever done with her finances is to create a net worth statement. "Once you know where you're starting, you can move the needle in the right direction," says Koski, who is a financial literacy advocate and author of the book "Money Letters 2 My Daughter."

In 2013, Koski began tracking her net worth. She tallied up her income, expenses, savings, and investments. To her surprise, she had $500,000 in net worth. When she decided to pursue FI/RE in 2014, her net worth had grown to nearly $600,000.

She used the 4% rule to figure out how much she needed to save; the 4% rule is a popular retirement rule that states you can safely withdraw 4% of your retirement fund in your first year after you retire. You can then take out the same amount each year (adjusted for inflation) for 25 years without depleting your funds.

She figured out that she would need a $1 million net worth to live off of $40,000 a year in retirement. She did some simple calculations, and realized that if she continued to invest and save for retirement, in about five years' time she would no longer need to rely on a paycheck.

Koski managed to hit $1.3 million net worth at 49 primarily from maxing out her employer-sponsored 401(k), Roth IRA, and HSA since 2009. She worked a corporate job as an account executive for a well-known global data company for 20 years. She also had different roles where she managed accounts for clients in the legal services industry and also in government.

Koski's average income for the last 10 years before she reached financial independence was $80,000. Her income was made up of a base salary and commissions, with her lowest annual income at $65,000 and the highest at $95,000.

While Koski primarily focused on investing and her increasing earning potential and didn't meticulously budget, she also kept her annual living expenses to between $40,000 and $45,000 a year. She managed to do it while raising a daughter on her own.

She kept her housing costs down by living in Southwest Ohio, where the cost of living is lower than other parts of the US. Her monthly mortgage payment, which included the principal, interest, taxes, and insurance, was $800.

Koski made the conscious choice to not pay off her mortgage early because her interest rate was locked in at a low 3%. When she retired at 49, she had $70,000 left on her mortgage. She currently has $58,000 left on her mortgage, and her home is valued at $215,000. Koski also kept her transportation expenses down by buying pre-owned cars when they'd be sold at 50% off the original price tag, and keeping each car for up to eight years.

Koski got into the habit of saving in high school when she got her first job. Raised by a single parent in a family of six kids, Koski describes growing up very poor. "I didn't have any kind of a safety net if something went wrong, so I felt like it was all on me," says Koski. To make sure she had enough for a rainy day, she squirreled away a little of her paycheck each week into a savings account.

To boost her financial education, she listened to podcasts and read well-regarded personal finance books and blogs. When it came to investing, she knew next to nothing. She was also a bit intimidated by the idea of investing. That changed when she joined a local stock investment club in 2008. It was supported by a nonprofit organization called BetterInvesting.org.

With a focus on education and community, Koski absorbed all she could from fellow members. "Having this outlet for my interest in investing really helped me to understand the stock market rather than fear it," says Koski. That's when she started maxing out on her 401(k), Roth IRA, and HSA.

"I'm much better at investing and income than budgeting," says Koski. "So I focused on maxing out my retirement accounts and earning." Koski recommends that anyone who aspires to achieve FI/RE find what she calls your "superpower."

"What's the one thing that you're really good at and really love?" says Koski. In Koski's case, she combined living in a part of the country with a low cost of living, keeping her transportation costs down, and optimizing her taxes, company benefits, and HSA, to reach financial independence. "A side business or real estate are two ways to do that, but there are so many other ways," she says.

The first year after she retired, she boosted her net worth. Koski made $5,000 from offering financial workshops and presentations, and also earned money from her stock investments.

She decided to devote her time in retirement to financial coaching and pursuing a Master's degree in personal finance planning and financial therapy at Kansas State University. She's tapping into $30,000 of 529 college savings money that her daughter didn't end up needing for her higher education.

By making the most of her income from a traditional corporate job and maximizing benefits and tax-advantaged accounts that were available to her, Koski was able to reach financial independence. "I figured if I could do this after starting with nothing, it was my duty to share what I've learned with others," says Koski. "It is now my life's work and I finally get to follow my dream of creating a financially literate society. And that is something I never want to retire from."

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A Single Mom Who Retired at 49 Says She Took 6 Steps to Reach Her Goal - Business Insider

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This Is How Many People Live With Their Parents In New Hampshire – The Laconia Daily Sun

Posted: at 12:01 pm

The public health and economic toll the coronavirus pandemic caused are well documented. Perhaps less understood are the social impacts. According to a report from Pew Research Center, young adults in the United States were more likely to be living with at least one parent in July 2020 than at any time since the Great Depression.

The historic numbers of young adults either moving back home or choosing to remain there during the pandemic appears to have been a continuation of a broader trend. According to data from the U.S. Census Bureau, 34.4% of Americans between the ages of 18 and 34 lived with at least one parent, grandparent, or former guardian in 2019 -- compared to 31.5% in 2010.

The likelihood of young adults residing with their parents varies considerably from state to state.

An estimated 34.9% of the 18 to 34 year old population in New Hampshire live with at least one parent or grandparent, only slightly higher than the share nationwide.

The decision to live at home in the early stages of one's career is often influenced by financial considerations. While goods and services in New Hampshire are 6.5% more expensive than they are nationwide on average, making it more difficult for young adults to achieve financial independence, the state also has some advantages. For example, the March unemployment rate in New Hampshire of 3.2% was nearly the lowest of any state and well below the comparable 6.2% national rate, suggesting that young adults in the state have an easier time securing a job than those in much of the rest of the country.

To determine the states where the most young adults live with their parents, 24/7 Wall St. reviewed data on family and household type from the Public Use Microdata Sample summary files of the U.S. Census Bureau's 2019 American Community Survey. States were ranked on the percentage of adults 18 to 34 years old who live with their biological parents, adoptive parents, steparents, foster parents, or grandparents in 2019. Supplemental data on the median age at first marriage of the 15 to 54 year-old cohort came from the Census Bureau's 2019 ACS. Data on regional price parity used to calculate cost of living came from the Bureau of Economic Analysis and is for 2019.

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This Is How Many People Live With Their Parents In New Hampshire - The Laconia Daily Sun

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This Is How Many People Live With Their Parents In Pennsylvania – The Wellsboro Gazette

Posted: at 12:01 pm

The public health and economic toll the coronavirus pandemic caused are well documented. Perhaps less understood are the social impacts. According to a report from Pew Research Center, young adults in the United States were more likely to be living with at least one parent in July 2020 than at any time since the Great Depression.

The historic numbers of young adults either moving back home or choosing to remain there during the pandemic appears to have been a continuation of a broader trend. According to data from the U.S. Census Bureau, 34.4% of Americans between the ages of 18 and 34 lived with at least one parent, grandparent, or former guardian in 2019 -- compared to 31.5% in 2010.

The likelihood of young adults residing with their parents varies considerably from state to state.

The 34.1% share of adults in the 18 to 34 age range in Pennsylvania who live with their parents or grandparents is closely in line with the comparable share nationwide.

The decision to live at home in the early stages of one's career is often influenced by financial considerations. While goods and services in Pennsylvania are 3.0% less expensive than they are nationwide on average, making it easier for young adults to achieve financial independence, there are other hurdles. For example, the March unemployment rate in the Keystone State was 7.3% -- well above the comparable 6.2% national jobless rate.

To determine the states where the most young adults live with their parents, 24/7 Wall St. reviewed data on family and household type from the Public Use Microdata Sample summary files of the U.S. Census Bureau's 2019 American Community Survey. States were ranked on the percentage of adults 18 to 34 years old who live with their biological parents, adoptive parents, steparents, foster parents, or grandparents in 2019. Supplemental data on the median age at first marriage of the 15 to 54 year-old cohort came from the Census Bureau's 2019 ACS. Data on regional price parity used to calculate cost of living came from the Bureau of Economic Analysis and is for 2019.

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This Is How Many People Live With Their Parents In Pennsylvania - The Wellsboro Gazette

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