CDSC is the fine print that your financial adviser doesn't tell you upfront when you buy your funds. Then when you call to ask if there are fees involved if you move your money, they say no, just an account closing fee of $20 or $30. So, you think OK, I will move my money into a better fund. (That you found on your own.) Then you get your statement in the mail. The money has been transferred, but not before they hammer you with a CDSC Fee. These "so called" financial advisers set you up with crap funds that make them the most money, by tying up your money into these funds for several years. If you move them they hit you with the CDSC Fee. And don't even get me started on life insurance they want to sell you. Whole variable life, variable life, and what ever catchy name they want to attach to these investing schemes. Bottom line: TERM insurance only.
The class of shares that typically charges a commission when withdrawals are made during the first five years is known as "Class B shares." These shares often have a contingent deferred sales charge (CDSC), which is a penalty applied to withdrawals within a specified period. The CDSC usually decreases over time and may be eliminated after the holding period ends, making them less costly for long-term investors.
Surrender Charge Period: 16 yrs. (17.5, 17, 16.5, 16, 15.5, 15, 14, 13, 12, 11, 10, 9, 8, 6, 4, 2, 0%) Surrender Charge Period: 9 yrs. (17.5, 17, 16.5, 16, 15.5, 15, 14, 13, 12%)
franchise :)
FIA Business Card kind regards, Tancredo Matos de Leon
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The class of shares that typically charges a commission when withdrawals are made during the first five years is known as "Class B shares." These shares often have a contingent deferred sales charge (CDSC), which is a penalty applied to withdrawals within a specified period. The CDSC usually decreases over time and may be eliminated after the holding period ends, making them less costly for long-term investors.
Surrender Charge Period: 16 yrs. (17.5, 17, 16.5, 16, 15.5, 15, 14, 13, 12, 11, 10, 9, 8, 6, 4, 2, 0%) Surrender Charge Period: 9 yrs. (17.5, 17, 16.5, 16, 15.5, 15, 14, 13, 12%)
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A rectangle is not an angle (of any kind). It is a kind of quadrilateral.A rectangle is not an angle (of any kind). It is a kind of quadrilateral.A rectangle is not an angle (of any kind). It is a kind of quadrilateral.A rectangle is not an angle (of any kind). It is a kind of quadrilateral.
The root word of "kindly" is "kind."
· keen· kind· kindhearted· klutzy· knowledgeable· kookyKeen, kind, kindhearted, klutzy, knowledgeable and kooky are words that describe a personality.
kind
She was very kind.Apples are one kind of fruit. She felt kind of bummed.
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