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Author: ImAGolfer Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: How Expensive Are American Funds? Date: 10/26/2007 5:27 PM
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For those who have bought and held American Funds in an individual retirement account, is that same 5.75% continually taken out every time a dividend payout is reinvested?

Hi SunnyJames. Here are the two scenerios I ran up against when buying American Funds. My wife retired before I did roughly in 1999 and placed 4 different American Funds in her IRA. She had to pay the 5.75% front-end. I retired in 2003 and have acquired several different American Funds and paid "no" front-end. Both of our IRAs are at the same financial institution. In fact we get our statements in the same envelope. The difference is the size of our IRAs. Mine is considerably larger than hers. I tried to get a refund of her 5.75% based on the size of our combined accounts but was denied. In our (her) experience the front-end is taken only once.


ImAGolfer (retired '03)
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