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Questions to Ask |
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Scarborough Alliance |
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Financial Advisor's Response |
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1. |
"How have your investments performed in the long term - namely, over the past 10 years?" |
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The stock mutual funds in the Scarborough Plan have averaged 10.04% over the last 10 years (through 12/31/07). |
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2. |
"What do you use for a Fixed Income Fund?" |
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Scarborough uses a stable value fund which provides a guarantee of principal for all benefit withdrawals. |
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3. |
"Can I talk directly to a retirement planning specialist when I need to?" |
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Yes. A retirement specialist is just a toll-free phone call away, ready to answer any questions you may have. Just call us at 800-223-7608. |
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4. |
"What are your up-front sales charges and commissions?" |
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No sales charges or commission charges in the nine core funds. |
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5. |
"If I am not satisfied for any reason, can I transfer my money to another company at any time without any withdrawal charges?" |
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Yes. There are no withdrawal or surrender charges, all of your account is available at any time. |
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6. |
"What would my total annual expenses be? How much do you get paid?" |
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The Plan's total annual expenses average 0.92%.** This includes Scarborough's annual fee of 0.50%. |
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7. |
"Can I retire at 55 or older and have no IRS withdrawal penalties or restrictions?" |
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Yes. As a qualified retirement plan, the Plan allows penalty-free withdrawals with no restrictions if you retire at age 55 or older. |
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8. |
"Can I take a loan from my retirement account?" |
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Yes. You may borrow up to half of your account value with a maximum of $50,000. |
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9. |
"How long have you been working with union members?" |
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Scarborough has been the trusted retirement planning partner for thousands of union members in 42 states since 1970. |
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10. |
"Do I have 24-hours-a-day, 7-days-a-week access to my account?" |
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Yes. Our toll-free hotline, 866-353-4015, and web-site, www.scarboroughalliance
.com give you access to your account information and allow you to make investment changes. |
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If you have trouble getting comparative information, call us at 
