New Year, New Resolution for Retirement Savings Planning

Remember the way simple word problems helped you grasp abstract mathematics when you were in grade school? The same principle applies to retirement planning: Steven spends $5 per day on an extra-large coffee during his morning break at work. If he works five days a week, with 20 days off per year, how much does Steven spend annually on his...

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How Are Millennials Coping with Student Loan Debt?

The U.S. Department of Education estimates as many as 42.3 million Americans carry some form of student debt, totaling $1.33 trillion in federal student loans. Millennials pay on average $351 a month toward that debt, and their median monthly payment is $203, according to the Federal Reserve. Moreover, seven in ten of today’s graduates leave college in debt. It is little...

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How Does the Tax Reform Impact Program Participants?

As you may be aware, Congress recently passed new legislation focused on income taxes and tax deductions for individual taxpayers and employers. Here are just a few of the changes covered in that legislation: Higher standard tax deductions. The standard tax deduction doubles, to $12,000 for individuals or $24,000 for married couples who file jointly. The personal exemption (which...

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3 Steps to a More Secure Retirement for Women

Three steps that will help you to maximize your retirement savings: Just start, Reach out for help and use your plan’s resources, and Take the long-view. Average retirement statistics regarding women and retirement show that, in general, women face stiffer retirement challenges than men. Compared to a man, a woman’s average life expectancy is almost five years longer, and a woman’s Social...

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Retirement Plan Contribution Limits

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IMPORTANT NOTICE! The Program’s Mailing Address Has Changed

Please take action to change your records to reflect the Program’s new mailing address, which is: ABA Retirement Funds Program P.O. Box 55072 Boston, MA  02205-5072 The street address for overnight mail remains the same, at: ABA Retirement Funds Program 30 Braintree Hill Office Park Braintree, MA  02184 This change is effective immediately, although we expect the Post Office to continue to forward mail from...

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