Military Officer - March 2007 - (Page 25)

rapidfire What Does a Mutual Fund Cost You? B To Remember Them By I n conjunction with the Arlington National Cemetery Commemorative Project Inc., Rich Clarkson and Associates (Denver), and National Geographic, Arlington National Cemetery will produce a coffee-table photo book about the cemetery. Families of servicemembers who died in a combat zone during the war on terrorism and were interred at the cemetery will receive a special gift copy of the book. The book will be available to the public in May. ON THE WEB ■ To contribute to the project, call (703) 635-7741, or visit www.wherevalorrests.org for more information. race yourself. Investing in a mutual fund is not free. A mutual fund is a portfolio of securities that someone has to manage, and that management costs money. Typically, a fund’s share class — A-, B-, C-, or “no-load” — indicates its fee structure. A-shares charge a one-time, up-front sales charge each time you invest in the fund — called front-loading — as well as an annual management fee. A-shares usually have a lower annual management fee than B- and C-shares. B-shares have no up-front charge but apply a sales charge to withdraw money in the ﬁrst few years. This back-end charge decreases each year until it ﬁnally disappears. The annual management fee with B-shares tends to be higher than A-shares but lower than C-shares. C-shares typically do not charge up-front or back-end sales charges but have the highest annual management fees among the A-, B-, and C-share classes. Some C-shares deduct a small charge for withdrawing money within the ﬁrst year to discourage active fund trading. No-load funds, like all mutual funds, have management costs. They just don’t have sales charges, and their management fees tend to be the lowest of all mutual funds. For more information, review the mutual fund’s prospectus, or visit www.morningstar.com for a free mutual fund research tool. Miscellany: Helping Heroes and Eating Healthy HEROES TO HOMETOWNS: The American Legion and DoD have launched a transition program, “Heroes to Hometowns,” which sets up a support network and coordinates resources before a severely injured servicemember returns home. More than 15,000 Legion posts worldwide will provide temporary housing; errandrunning, child-care, and home- and vehicle-adaptation assistance; spiritual support; government claims assistance; and financial aid. For more information, contact David Marsh, Veterans Affairs and Rehabilitation Commission assistant director, at (703) 692-2054. * NUTRITION NOTES Corned beef originated when kernel-sized salt crystals were packed around meat to preserve it before refrigeration was an option. Compared to other beef products, corned beef tends to be low in fat but high in salt. However, for those not on low-sodium diets, corned beef is a healthy meat — especially when cooked with cabbage, carrots, and other vegetables. Rear Adm. Joyce Johnson, D.O., provides tips and recipes at www.moaa.org. Just click on Health and Wellness under Services. IMAGES: ABOVE, LTC MICHAEL EDRINGTON, USA; RIGHT, JOHN COULTER/GETTY IMAGES MARCH 2007 * MILITARY OFFICER 25 http://www.morningstar.com http://www.wherevalorrests.org http://www.moaa.org

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From the Editor From the President Your Views MOAA Directory Rapid Fire Washington Scene Financial Forum Ask the Doctor Chapter Activities Forward, March 10 Top Cities Tell Us About It Fly the Plan Cover Story: The War Poster One Percent Pages of History Information Exchange Advertising Index MOAA Member Services Member Books Sounding Taps MOAA Calendar Encore

Military Officer - March 2007

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