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TABLE OF CONTENTS

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2010

JulyJoseph Montanaro 1938-2010; Directed Account Plan Launches New Website

AprilIntroducingthe Retirement Model; New Partial Withdrawal Option

JanuaryDAP Changes to Look for in 2010

2009

OctoberTips for Surviving the Next Disaster; Stable Value Update; Recent Allocation and Manager Changes

JulyDemystifying Diversification – Is it Still a Viable Strategy?; Keeping Up Contributions in a Challenging Economy

AprilQuestions on the Minds of DAP Participants; New Tax Law Suspends Minimum Required Distribution for 2009

JanuaryWelcome Aboard Community America Credit Union; Monitoring our Managers

2008

OctoberMarket Declines – A History Lesson Revisited

JulyThe Pursuit of Guaranteed Returns

AprilGreat News! For both Current and Former DAP Participants

JanuaryDAP Year In Review 2007; How Stable Value and Wrapper Agreements Work

2007

OctoberMarket Timing – Put Down that Watch, You Can’t Time the Market

JulyDetermining Your Distribution Rate

AprilThe Distribution Phase of Retirement Why Consider the DAP Model Portfolios?

JanuaryReviewing the DAP Investment Options

2006

OctoberThirteen Years Old…And Going Strong!

JulyAsset Allocation Strategy

AprilVisit www.4twadap.com Soon!

JanuaryDAP Participant Checklist – Very Important!

2005

OctoberThe Transition is Complete – What this Means to You

JulyLook for Changes as We Improve the DAP

AprilDAP Online Survey Results; DAP Rollover Policy

January12 Easy Steps to Preparing your Estate Plan

2004

OctoberOver Eleven Years and Still Going Strong

JulyManaging Your Retirement Online

AprilThe DAP Plan Web Site has a New Design

JanuaryMutual Fund Scandal and the DAP

2003

OctoberLiving in Retirement without Running out of Money

JulyTen Year Anniversary Issue, Getting Back In

AprilThe DAP Plan Expense Overview

JanuaryGuide to Retirement Planning

2002

OctoberMarket Declines – A History Lesson

2000

NovemberInvesting Based on Time Horizon

JulyWelcome Aboard! The New Interactive TWA Pilots DAP/401(k) Website

MarchInternet Account Access Coming Soon, Back to Basics

1999

November Market Volatility, The Millennium Looms

July Survey Reveals Common Questions

MarchActive Versus Passive Investing – not available

1998

NovemberUsing International Stocks to Diversify

JulyBenchmarks – Comparing Apples to Apples

MarchThe Importance of Financial Planning

1997

November Risk and The Sharpe Ratio

JulyAsset Allocation and a Rebalancing Check ;Reviewing the DAP/401(k)’s Investment Options

MayA Historical Perspective on the ModelPortfolios

MarchInternational Investing

1996

DecemberThe Value of One Percent

AugustReturn & Risk – A Three Year Progress Report;Reviewing the DAP/401(k)’s Investment Options

MayThe Risk of Being Out of The Market

1995

OctoberManaging Risk Through Diversification

JulyThe Model Portfolios ; Reviewing the DAP/401(k)’s Investment Options

MarchLifetime Saving Through the DAP/401(k)

1994

DecemberBuy and Hold as Market Timing; Age 701/2 Minimum Distribution

AugustAnalyzing Performance using Benchmarks; What Does the DAP/401(k) Cost?

AprilCompounding; Withdrawing at Age 701/2

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