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Thread: 26 (f) Investing Program

  1. #1

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    Question 26 (f) Investing Program

    Didn't know the best place to post this, so decided to try here.

    26 (f) investing program is getting a lot of "press" prior to the April 10, 2017 Fiduciary Rule change going into affect.

    What do you all think about it? If it is such a big deal, why is the common investor, ie: not filthy rich, being encouraged to invest in them?

    2moryrs
    csh
    No God, No Peace. Know God, Know Peace.


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  3. #2

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,396

    Default Re: 26 (f) Investing Program

    Quote Originally Posted by 2moryrs View Post
    Didn't know the best place to post this, so decided to try here.

    26 (f) investing program is getting a lot of "press" prior to the April 10, 2017 Fiduciary Rule change going into affect.

    What do you all think about it? If it is such a big deal, why is the common investor, ie: not filthy rich, being encouraged to invest in them?

    2moryrs
    csh
    I'm not familiar with that one. Do you have a link?



  4.  
  5. #3

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: 26 (f) Investing Program

    BLUF: Advertisement
    Base on what I am seeing, a 26(f) is an advertisement.

    Read a lot but this article seems to peel back the layers.
    EXPLAINING “26(F) PROGRAMS” AND THE “RETIREMENT BLACKOUT” ON APRIL 10 TEASED BY KEITH FITZ-GERALD

    http://www.stockgumshoe.com/reviews/money-map-report/explaining-26f-programs-and-the-retirement-blackout-on-april-10-teased-by-keith-fitz-gerald/
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  7. #4

    Join Date
    Dec 2007
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    inland Northwest
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    4,124

    Default Re: 26 (f) Investing Program

    Yep, I just about always go to stockgumshoe if I wonder about the teaser in the teaser ad. He's great.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

  8.  
  9. #5

    Join Date
    Dec 2006
    Location
    Oregon
    Posts
    268

    Default Re: 26 (f) Investing Program

    Quote Originally Posted by nnuut View Post
    I'm not familiar with that one. Do you have a link?
    Just what I Googled.

    2my
    No God, No Peace. Know God, Know Peace.

  10.  
  11. #6

    Join Date
    Dec 2006
    Location
    Oregon
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    Default Re: 26 (f) Investing Program

    Thank you all! Stockgumshoe is my new favorite website!

    2my
    csh
    No God, No Peace. Know God, Know Peace.

  12.  
  13. #7

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: 26 (f) Investing Program

    I hadn't heard of 26(f) but I am concerned about the impact of the 2017 Fiduciary Rule change. My understanding is that if you have a managed brokerage account, it will do away with transaction fees in exchange for an annual percentage for a fee based account, which in my opinion will be more expensive. Existing holdings would be grandfathered but if you buy & sell assets any new purchases would need to be in a fee based account. Does anyone know if this will impact IRAs that you may have in a self managed IRA at places like Fidelity or TD Ameritrade? I have been considering several options including one time TSP withdrawal with intent to convert Traditional IRA to Roth IRA over a period of time and whether or not to transfer brokerage accounts (1 regular & 3 IRAs) to someplace else to avoid any fee based account. It all may be a non issue based on Trump's recent memo. I would appreciate any thoughts or insights on this issue and its impact for any IRAs you currently hold.

    DoL Conflict of Interest Final Rule:
    https://www.dol.gov/agencies/ebsa/la...ng/1210-AB32-2
    On February 3, 2017, President Trump signed a Presidential Memorandum directing the Department of Labor to examine the Fiduciary Duty Rule. The information contained on these pages may be subject to change as a result of that examination. Please continue to check this website for updated information.
    Internet articles:
    http://www.cnbc.com/2016/10/13/how-t...ffect-you.html

    https://www.planadvisortools.com/ass...le_wpfinal.pdf

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  15. #8

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    Default Re: 26 (f) Investing Program

    I share your concerns, EA, as I have similar plans when it gets time for mandatory withdrawals, assuming I end up having to withdraw more than I actually need to spend for living costs. hoping the rule will be withdrawn, 1% is a bigger impact on my small roth accounts that still need to grow via dividend reinvestment.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  17. #9

    Join Date
    Jul 2016
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    Texas
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    Default Re: 26 (f) Investing Program

    Anyone else have any insight on impact of DoL rules on outside IRAs?


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  19. #10

    Join Date
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    Oregon
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    Default Re: 26 (f) Investing Program

    I'm like everyone else, waiting to see what actually happens in April. As I understand it, there is an extension of 60 days due to Trump's EO. So there may be nothing until June. I have accounts with Vanguard, and I turned them over to be managed last February, 2016. So far, I feel the increases they have made are worth the expense. Their fee is lower than anyone else's.

    I wanted to do the best by the money that my Parent's had left me. My Dad gave me $1,000 to start investing many years ago and I have kept adding to it. If the advisers do something I don't care for, they will listen to my thoughts and I appreciate that.

    mtcw
    No God, No Peace. Know God, Know Peace.

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