26(f) ProgramThere’s a pitch to invest in what the author calls a 26(f) program. The authors encourages participation before April 10, 2017, when the Federal Government will declare a ”RETIREMENT BLACKOUT”.
Investing in this type of fund supposedly out performs any other retirement fund. What can this be? It’s copy righted by Money Map Press.
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I am wondering if it is an annuity? And, what is the government “blackout” they mention?
Sealife….any news?
Well, through his explanation of the wealthy people being a part of this, he says WAS, or Had an account. If this program is so good, why would don’t they have it anymore?
This link may help. Someone else commented that it was a closed end mutual fund that seems to be fairly accurate. Investment vehicle (i.e. brokered account or self managed account) doesn’t seem easy which may make it somewhat legit for those with large sums to invest.
https://media2.mofo.com/documents/faq-unit-investment-trusts.pdf
Just purchase the securities yourself and manage in your IRA or 401 k .
That’s the gist of it. Section 26 item “f” allows you to invest basically as a low income venture capitalist and anything you make out if it is tax exempt as apposed to your 401K that by law at age 70.5 you have to start to withdraw at the highest tax rate by law. 401k you pay tax on the initial money invested every pay period and you also pay the highest tax % on your total compounded interest you earned over the life of your investment. In some cases it can come out to as much as a 50% tax rate on your retirement. Roth IRA might be a better option to avoid the tax but what is the rate of return on common stocks (as opposed to preferred stocks under 26(f)), or mutual funds?
That is not true about a 401k. The money goes in to your 401k pretax and when you withdraw it, it is taxed at your tax bracket at that time period. Which if you are no longer working and generating earned income you are going to be taxed at the lowest of tax brackets, usually 10% to 0%
Is this a scam?
If it is, I’ve been scammed by them for many years now. Am I wealthy now? I wish. Is my portfolio better than it would have been trying this investment thing myself? Absolutely! Will I invest in some or all of these? Probably, but in small amounts, at least to start with. Somebody suggested just buying the individual stocks and managing them themselves in their own retirement account. You could do that, but you’d have to invest a lot of time researching the individual stocks and following them assiduously AND a lot of money to set up even one of those portfolios. let alone 10 of them. But if you’re not interested, you’re doing a VERY smart thing by following Travis. I LOVE Stock Gumshoe!
https://www.sec.gov/answers/uit.htm
a fool and their money are soon parted.. send him your money fool.. you are slowing down the universe…
The only rule going into effect on April 10, 2017 is the DOL’s “Fiduciary” rule, basically requiring investment advisors to retirement plans to be fiduciaries – putting client interests first. It essentially forces fees to be disclosed and should eliminate a LOT of expensive JUNK from retirement plans, like life insurance and annuity contracts. But hey, Stansberry Research and all those other hucksters never put much stock in facts anyway.
That’s the big issue, Fiduciary responsibility… the new administration wants to eliminate all the bank regulations and one of them is the investment banks or brokerages fiduciary responsibility to disclose all facts to retirees like how they are making more money on the deal than you the investor. This smacks of “fake fear news” for profit perfectly timed to haul n some suckers before the deadline
He mentioned Mr. Terrance Morgan from Germantown, MD in his pitch. There is no landowner by that name in Germantown. This looks like a scam to me!
There is NO lazy man’s way to riches!
Buy the book Think and Grow Rich, read it 10 times and become rich by helping your fellow man, not by these scam’s that will loss the money you have worked so hard for!
Repeat after me, THERE IS NO LAZY MAN’S WAY TO RICHES!
I’ve tried researching this “26(f)” thing on Google but I can’t find any definite info on it. Does anyone have any idea what this thing really is???
can Canadian invest in this program
“The 26(f) term is just an umbrella term for a class of mutual funds. It isn’t anything to get too hung up about.
All of the most important aspects of the reports revolve around the actual investment opportunities.”
The above is a copy/paste from the email sent me by Jenny B. of the Money Map staff. It took three emails insisting that I wanted a definition of the term to get that response. It looks to me as if they are trying to hype this promotion to people who are not very knowledgeable about investing and I am annoyed about it. I have, in the past, thought of that publication as reputable and I am wondering about that now.
Anyone promising more than 8% return is telling you lies.
there is always a catch…watch out
It seems to me after all this time that if one could do what Mr. Fitzgerald claims regarding these 26 F Programs, and it was that easy to implement, everyone would already know about, already have been doing it and already be incredibly rich. Besides, doesn’t someone have to pay taxes to run our Great Country!
And you know it’s not going to be the incredibly rich who are paying those taxes because our great leader is at the top of that list!
Look, this has scam all over it. Pitches of returns greater than 8%, really. If I had a good thing and that good thing was working that well, the only reason that I might share my success would be for more capital to further my own efforts and not yours.
If the 26 (f) program is so good, why doesn’t Mr. Fitz-Gerald just take his own advise, and then he wouldn’t have to sell his wares?
I bought the money map report. It’s garbage. Much better free information on well known sites like Fidelity, Vangard, Edward Jones, etc. Don’t waist your money.
Get your money back. All you have to do is ask.
If it sounds too good to be true…it usually is.