When you bought Mutual Funds from us, most of you selected the “Deferred Sales Charge” option.  This means that if you make a withdrawal within 6 or 7 years of the original investment date (depending on the company), you will have to pay a withdrawal charge.  Each company allows you to withdraw 10% each year without a penalty. This 10% does not carry over from one year to the next. Use it or lose it!

When you come to the office for your annual review, we always transfer this 10% to a fund without any deferred sales charges.  This is recommended, as it will build up your available “free money” for future use.  For those of you who didn’t come in this year, we are doing our best to send forms by the end of the year. 

Please contact us if you haven’t received forms from us yet and ensure to return these forms right away to allow enough time before the deadline of December 31.