When it comes to saving, more Americans are starting early

first_imgIn its annual savings trends report Inside America’s Savings Plans, Ascensus finds that saving behavior is starting younger—with retirement savers ages 25–34 most likely to be on track to meet their retirement goals. In addition, saving for others is beginning earlier, with more than half of newly opened 529 accounts started when beneficiaries are age 5 or even younger.Automatic features in retirement plans are helping more workers save more, too, with participation rates up in plans that have auto enrollment features. In fact, participation rates hit 80%—10 points higher than participation in plans that don’t have auto enrollment.Still, all is not as good as it could be. The report also finds that 401(k) account balances across all generations and income ranges are relatively low, compared with how much most experts suggest will be required to cover retirement goals.And 529s aren’t in the clear, either, with the average 529 account balance for beneficiaries ages 16–17 only high enough to cover slightly more than half of a “two plus two” college education—consisting of two years at a community college, followed by another two at a public university. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Okpekpe Race Organisers Unveil Plans for Live Bands at Fourth Edition

first_img“Apart from boosting the local economy, the top-flight race will showcase the town on the international stage, and provide a platform for Nigerians to join hands with runners and spectators from around the world and make new friends.’“Our athletes will also benefit from the platform we have created to enable them gauge their readiness for the outdoor season especially the long distance runners,” he further noted.Esan also revealed that adequate medical provisions have been made for participants, both the elite and fun-runners at the race.“A medical station will be available at the start, along the course and at the finish. There would be provision for well-equipped ambulances that will follow the runners all the way and medics will also be present at every intermediary station. There will be a sweeper bus that will pick athletes that are unable to continue the race,” he said.Meanwhile, athletes and officials are expected to start arriving as from Thursday, May 5 to begin the screening and accreditation processes.“Final registration and number pick-up starts on the evening of Friday, May 6 between 4:30 p.m. and 7:30 p.m. at Yak Motel located after the Federal Polytechnic in Auchi.It will resume again on Saturday morning from 6:00 a.m at the race venue until a few minutes before the road race begins at 8 a.m,” added Esan who advised that athletes should collect their running bib in person with proper proof of identity.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Organisers of the IAAF Bronze Label Okpekpe International 10-km Road Race have announced that there will be live bands at the finish area to entertain participants on Saturday May 7, when the fourth edition of the race holds in Okpekpe in Edo state.Spokesman for the race, Dare Esan, said yesterday that a carnival-like atmosphere will be created both at the start and at the finish with live bands and a selection of other activities at the finish area throughout the day.“There will also be food and beverages for participants and spectators because the Okpekpe International 10-km road Race is much more than an athletic event.As the only race on the continent holding the IAAF Bronze Label status, we believe the prestige attached to the annual road running festival will continue to have a positive impact on Okpekpe residents,” said Esan who also revealed other benefits the race will bring to the community in particular and Nigeria in general.last_img read more