rapidfire
retirement Living
Family
mutual mind-set
matters
Discover helpful
resources for military
H
ow much are you paying your a client hears he or she is paying 1 percent spouses and children.
mutual fund? the easiest way a year, this doesn’t always register. But
to increase your investment re- translated into $2,000 a year on a $200,000 The U.S. Census esti-
turn is to eliminate unnecessary expenses. investment, it becomes real money. are you mates one in 20 children
this is one of those secrets of successful getting value for that money? will experience the death
investing everyone understands, but few in the meantime, if you are unsure
seem to follow. about what you are paying, ask your advi-
investors usually have little idea how sor, read the fund’s prospectus, or check
much they are paying in annual mutual
www.morningstar.com. type in your
fund fees. Some even think they pay noth- fund’s five-letter ticker symbol, and under
ing because they buy no-load funds. al- the expenses tab, you can see both man-
though it’s true no-load funds don’t carry agement fees and 12b-1 fees, which cover
sales charges — or commissions — all mu- distribution costs, including deferred
tual funds come with management fees. sales charges paid to brokers. for maxi- of a parent, with many
the average equity mutual fund charges mum effect, convert that percentage into deaths being war-related.
management fees of about 1 percent a year actual dollars. Because children
(bond funds generally charge less). When — Kent Grealish, CFP, AIF often do not have other
avenues to share their
grief, the VA recom-
mends these kids attend
bereavement camps like
Camp Erin, where no-
cost counseling allows
children to share sto-
ries, memorialize their
loved ones, and learn
coping skills.
“No child should
grieve alone,” says Camp
Erin social worker Dr.
Rene McClatchey. “There
are few resources to help
children deal with the
death of a parent.”
Camp Erin is the
country’s largest net-
work of bereavement
facilities. For more infor-
mation, visit
www.moy
erfoundation.org.
— Anita Stone
26 Military officer december 2009 images: left, chris ede; above, shutterstock
Dec_rf.indd 26 11/6/09 2:02 PM
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