first_imgYESTERYEAR-FRANKLIN THEATERWhen movie houses began to open in the early twentieth-century, most of them were modest in size and sprinkled around various neighborhoods, unlike the mega-sized theaters movie-goers are accustomed to today. One of the earliest in Evansville was the West End Electric Palace, which opened at 2113 W. Franklin Street ca. 1908. Soon renamed the Franklin Theater (seen here in 1964), the theater operated for decades, until it was razed in the 1990s.FOOTNOTE: We want to thank Patricia Sides, Archivist of Willard Library for contributing this picture that shall increase people’s awareness and appreciation of Evansville’s rich history. If you have any historical pictures of Vanderburgh County or Evansville please contact please contact Patricia Sides, Archivist Willard Library at 812) 425-4309, ext. 114 or e-mail her at www.willard.lib.in.us.FacebookTwitterCopy LinkEmailSharelast_img read more

first_imgDefined contribution (DC) plans—such as 401(k) plans—are now the dominant form of retirement plans for U.S. workers, yet 60 percent of all households have no retirement savings in a DC plan, and that poses retirement security challenges for low-earning households that rely on Social Security as their only source of retirement income.These and other findings are highlighted in a U.S. Government Accountability Office (GAO) report prepared for Senator Patty Murray, Ranking Member of the Committee on Health, Education, Labor and Pensions. The report, titled “Retirement Security: Low Defined Contribution Savings May Pose Challenges”, focuses on recent trends in DC plan participation and savings, how much households could potentially save in DC plans over their working careers, and how key individual and employer decisions affect savings.GAO FindingsThe GAO analyzed household financial data from the Federal Reserve’s “2013 Survey of Consumer Finances”, the most recent data available, and found that most households (60 percent) have no DC plan savings, a 3 percent increase from 2007. When the GAO limited its analysis to working households—defined as households in which at least one person is working, but is not self-employed, and the head of household is between the ages of 25 and 64—it found that 34 percent of working households had neither a DC or defined benefit (DB) plan. For households age 55 and older, an estimated 29 percent had neither a DB plan nor a DC plan, and would need to rely on Social Security as their main or only source of retirement income.The good news is that 61 percent of working households have access to a DC plan, and when provided access to a plan, 86 percent of working households participated in the DC plan. The not-so-good news is that 39 percent of working households do not have access to a DC plan, either because their employer does not offer a plan or they are ineligible to participate.Low-earning and minority households have less access to DC plans compared to other income groups, which results in low DC plan participation and savings. The GAO found that about 35 percent of low-earning working households had access to a DC plan compared to 80 percent of high-earning working households. Among minority households, 35 percent of Hispanic households and 56 percent of Black households had access to a DC plan. But when given access to a plan, an estimated 64 percent of low-earning working households, 80 percent of Hispanic households, and 81 percent of Black households participated in the plan, compared to 95 percent of high-earning working households.As a result, low-earning and minority working households have much less retirement savings in a DC plan. Among working households, only 25 percent of low-earning households had savings in a DC plan, with an estimated median account savings of $10,400, compared to the 81 percent of high-earning households that had savings in a DC plan, with a median account savings of $201,500. Among Hispanic households, 31 percent had savings in a DC plan with an estimated median account savings of $18,900. And, for Black households, 47 percent had savings in a DC plan with an estimated median account savings of $16,400.The GAO report found that projected DC plan savings at retirement vary widely by earnings. Based on GAO projections, households on average would save enough in their DC plans over their working career to generate a monthly lifetime income of $2,970, but low-earning households would save enough to generate a monthly lifetime income of only $560. These low-earning households—especially the 35 percent who have no DC plan—are much more likely to rely on Social Security for the bulk of their retirement income.Ways to Raise DC Plan SavingsThe GAO report indicated that employers could help raise participation rates by sponsoring a DC plan if they do not currently sponsor a plan. And, employers that currently offer a plan could help raise participation rates by offering automatic enrollment—whereby individuals are automatically enrolled in the plan unless they opt out—and allowing for immediate eligibility and immediate vesting. Taking these steps would significantly increase the percentage of low-earning households with DC plan savings at retirement.Individuals could help increase their DC plan savings at retirement by participating in a plan if they are offered one at work, transferring or rolling over their DC plan assets to another tax-advantaged account upon leaving employment (rather than taking a distribution), and maximizing their employer match by contributing  the amount needed to receive their employer’s maximum matching contribution. The GAO report found that taking full advantage of the employer’s maximum matching contribution would increase DC plan savings at retirement by 31 percent for low-earning households.While taking these actions will help increase DC plan savings at retirement for low-earning households, many low-earning households will still have no DC savings at retirement, in part because low-earning households are the least able to save for retirement. That poses retirement security challenges for low-earning households as they are forced to rely on Social Security as their only source of retirement income.Implications for Credit UnionsThe GAO reports finding, that more than one-third of working households have neither a DC or DB plan, has significant implications for credit unions, as many of these households are credit union members. Following are actions credit unions can take to help their members ensure a more secure retirement.Offer a simplified employee pension (SEP) plan or a savings incentive match plan for employees of small employers (SIMPLE) IRA plan to small business members that do not currently offer a retirement plan for their employees.Educate members of the importance of transferring or rolling over their DC plan assets to another tax-advantaged account (such as a credit union IRA) when changing jobs, rather than cashing out the plan.Offer a no-fee IRA with a low-minimum balance requirement to help low-earning households that may not have access to a DC plan at work to save for retirement.Make a payroll deduction option available to help members save for retirement on a regular basis.The GAO report makes no specific recommendations—but its finding that most households have no DC plan access and that low-earning and minority households have much less retirement savings in a DC plan compared to higher-earning households—is certain to draw increasing scrutiny on the cost and effectiveness of retirement savings tax incentives as Congress prepares for comprehensive tax reform. 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dennis Zuehlke Dennis is Compliance Manager for Ascensus. Mr. Zuehlke provides clients with technical support on tax-advantaged accounts (including individual retirement accounts, health savings accounts, simplified employee pension plans, and Coverdell education … Web: www.ascensus.com Detailslast_img read more

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Mominul Haque could be termed as Bangladesh’s accidental captain. The left-hander, who has never led even a domestic team, has been thrust into the role of Bangladesh skipper for the upcoming two-Test series against India in dramatic circumstances. Mominul became the captain of the Bangladesh side in the aftermath of Shakib Al Hasan’s two-year ban (one of which is suspended) for failing to report bookie approaches during the last three years. Mominul will captain Bangladesh for the two Tests against India, one of which will be a historic Day-Night Test at the Eden Gardens. Speaking to reporters on his arrival in India, Mominul said he was not ready at all for the role of captain but relished a challenge with Virat Kohli, the Indian cricket team skipper.”I was not ready at all. It was completely unexpected. I never thought even in my dreams that I will be the captain of Bangladesh or I will captain the Test side. I am very excited as I think Virat Kohli is the best player in the world, the best batsman in all formats combined. Thinking about that makes me feel good,” Mominul said.The second match will mark the inaugural day-night Test between the two sides, in Kolkata from November 22. Talking about playing his maiden day-night Test, Mominul said, “We have not played a Test under the floodlights and with the pink ball. It is a very good chance to play good cricket.”  Also Read | Shakib Al Hasan Appeals For Calm, Patience From Bangladesh Fans As He Opens Up On ICC SuspensionThe left-handed batsman, who has played 36 Tests and scored 2,613 runs for Bangladesh, however, said the innovation would not affect his game. “I never considered captaincy as pressure or responsibility. If I keep thinking that as a captain I have to take extra responsibility to carry the team forward then I will be under some pressure. But if I play my natural game, and think that I am a batsman who needs to score for his team, then it will not have any effect,” Mominul said.last_img read more

first_img Submit George Shamugia, Singular: How the COVID-19 pandemic has shaped Nigerian sports betting June 5, 2020 StumbleUpon Share Related Articles Share SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 BtoBet refines African SMS payment options with Tola Mobile  August 20, 2020 European operator 1xBet has signed separate three-year contracts, complete with first refusal on expiration, for rights of association with the Nigeria Football Federation (NFF) and the country’s League Management Company (LMC).Signed by NFF President Amaju Melvin Pinnick and LMC Chairman Shehu Dikko, the deals will provide 1xBet with extensive branding and advertising opportunities across matches involving Nigeria’s national team, and those taking place as part of the Nigeria Professional Football League (NPFL).This includes the opportunity to support broadcast of NPFL matches, while the operator will also benefit from coverage across NFF and LMC official websites and digital platforms.Dikko said: “We are delighted to have secured these partnerships. 1xBet is a global brand with a record of associating with football, and this underscores the progress Nigerian Football is making across all levels under the leadership of Amaju Melvin Pinnick, with the support of key stakeholders.”“These giant strides emphasize what can be achieved under a stable football environment,” he added. “Not only do we now have leading domestic brands partnering with our football; international companies are now coming. We welcome 1xBet to our growing portfolio of sponsors and partners and assure them that we will do all we can to make the partnerships win-win situations, and see that value for money is delivered to the brands.”Benefits to 1xBet also extend to components of cash, value-in-kind (VIK) and share of future revenues based on agreed parameters. As part of the VIK, 1xBet will pay the annual subscription for Instal (match analysis software) to aid the technical development and player scouting capabilities for the national team and all NPFL clubs in the country.By supporting Nigerian football, 1xBet has increased its association with the ‘beautiful game’ in Africa, having sponsored the 5th African Nations Championship in Morocco earlier this year, where the Super Eagles lost out to the host nation in the final.Evgeniy Kiriushin, Head of Business Development at 1xBet, said: “Our objective and strategy has always been driven by the need to stand out from other brands by offering a unique and perfect user experience.“We see Nigeria as an emerging marketing with huge potential, and the partnerships with NFF and LMC offer us the opportunity to deepen our brand while supporting football development. Exciting times await Nigerian Football fans and sports-betting enthusiasts with the entry of 1xBet into the Nigerian market.”last_img read more

first_imgAdvertisementSouth African Hekkie “Hexecutioner” Budler has vacated his IBF junior flyweight title he won from Ryochi Taguchi on May 20 in Japan because of pathetic low fight purse. Hekkie Budler would have to make a mandatory defense against Felix Alvarado if he wanted to keep his world title and there was also a purse bid. Boxing promoter Samson Lewkowicz of Sampson Boxing bid $25,000.00. The purse bid split will be 75% to Budler and 25% to Alvarado.The 75-25 split would have netted him a measly $18,750 for a unified title fight against a dangerous, relatively unknown Hispanic fighter.“The purse money I was offered to defend was not good,” said Budler who also won the WBA Super and the Ring Magazine belts in the same bout that took place at Ota City General Gymnasium.“I think they wanted me to defend it in October and the time to prepare is very limited, not good enough, so I decided to vacate it.“The IBF would have stripped me anyway. I would rather give other guys the chance to fight for it.Advertisementlast_img read more