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Author: Provo06 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: What To Do Date: 9/12/2000 8:09 AM
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After I retired in July and before I found TMF retirement board, I turned over $115,000 to an investment group. Recently I received a supplement to prospectus and in it was a list of all of the Mutual Funds that they handle and the surrender charges for those funds. They invested my money in six funds and here is an example of the surrender charges for one of them:

If you surrender your Contract at the end of the time periods shown below, you would pay the following expenses on a $1,000 investment, assuming 5% annual return on assets:

Enterprise Balanced- After 1 year $88 After 3 years $149 After 5 years $211 After 10 years $348

These charges seem outrageous to me and am wondering what I should do. Should I try to get my money back from that investment group and how much do you think they would take after three months? Do you folks think that these charges are excessive? Thanks for your help, as you can see, I need a lot of it.
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