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written by reader 26(f) Program

By rjmort, December 14, 2016

There’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.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Rick
Guest
Rick
December 28, 2016 9:32 pm

Sounds like a MLM pitch

Denise
Guest
December 29, 2016 4:25 pm

I was afraid this “retirement blackout” with 26(f) means Congress will tax dividend reinvestment plans.

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Monty
Guest
Monty
January 3, 2017 11:31 am
Reply to  Denise

I’m wondering if this means that advisors have to become more fiduciary, therefore less willing to take risks to make more money.

Mary DeHoff
Guest
December 30, 2016 9:08 am

I don’t know why it took me so long, but I just figuered out the April 10, 2017 part of this pitch. That is the day the rule that your advisor in a retirement account MUST act in your best interest. Seems like they should always do that but, in fact, it has not been the case. Most “brokers” are just salesmen (or women) and can suggest vehicles to you that net them a larger commission. After April 10, 2017 they will be legally held to a higher standard in retirement accounts. Keith wants you to think that that means advisors will charge much higher fees and that you will be unable to afford those fees. So he wants a big fee – who would have guessed that – to advise you to put your money in a mutual fund. It isn’t exactly a scam, but I think it is overhyping a rather mundane investment strategy and IMHO he should be ashamed of himself.

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guydsmith
guydsmith
January 1, 2017 7:32 pm

I subscribe to Money Map Report and have read the report discussed (Unleashing the Power of 26(f) Programs). I also have a Fidelity IRA and am a member of the Irregulars.

The so-called “26(f)” investments are all mutual funds and interestingly, of the 10 mutual funds recommended, several are Fidelity funds, all of which require a minimum purchase of $2500 (at least through my existing Fidelity IRA). Two of the funds (non-Fidelity) are currently closed to new investors. Perhaps it is possible to buy them elsewhere for less, but $2500 positions were required by Fidelity. Didn’t find any $10-$25 investment funds in the recommended group, although I believe that Fidelity doesn’t charge for additional investments made once the account is established – perhaps that’s what was meant.

The “26(f)” part is never really explained well. Mumbo-jumbo regarding fiduciary rules changes in April 2017 and potential increased fund management fees – never clear how the investments recommended solve the implied problems, other than you should purchase before the new rules go into effect.

Apparently, all of the recommended investments pay dividends. Looking briefly thru the prospectuses, most appeared to pay dividends quarterly.

If there’s some process behind this strategy, it’s not well explained. Not much more info was included in the report than in the come-ons and video.

The report has several spelling/grammar errors, including an error on the symbol for one of the recommendations. Additionally, I thought it was just not well written, in general. Sort of shoddy overall in my opinion (but that’s just me).

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Monty
Guest
Monty
January 3, 2017 11:27 am
Reply to  guydsmith

What are these Fidelity funds?

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Guest
Guest
Guest
January 1, 2017 9:33 pm

The dude pitching this doesn’t need it because he is getting much richer, must faster from the $39 and & $79 dollars rolling in for some information copy and pasted off the internet, no different than you can find yourself (plus throw in a difficult to locate, obscure, decades old reference to add some perceived validity of some esoteric knowledge) and you have a money making machine fueled by anyone the modern day snake oil salesman can convince their product is that thing you have been wanting that will resolve all your woes. Then he’ll turn around and sell your info to some other snake oil salesman and walk away with a few more $$$, cuz you bit on this one…and you email and mailbox fill up with spam and phishing emails while he sits on a beach somewhere tropical.

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Michael Canteen
Guest
Michael Canteen
January 2, 2017 5:34 pm

I was just wondering if this 26(f) programs is that great. Why hav’nt we seen or herd about it on National TV and the Radio Stations.

Baden Whitehead
Guest
January 2, 2017 10:20 pm

This is a scam folks. At the very end is the “pitch” to buy the “retirement investment program”. The video is about 50 minutes long; stating all the obvious successes people made with their PRESUME loophole issue.
THIS IS A MARKETING AD FOR AN INVESTMENT PROGRAM

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Pam
Member
Pam
January 4, 2017 7:39 am

Believe this is addressing the 2017 changes in retirement vehicles. But 26F is pretty broad https://www.law.cornell.edu/uscode/text/26/subtitle-F

Changes in any definitions under 26 F 79 would then drill down into other areas – and an advertisement isn’t going to directly tell you where the changes are. Upcoming 2017 changes that could signal investment in a particular area?

See page 6 and then 7 for Retirement plan enhancements https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-160923.pdf

Possible elimination of backdoor Roth IRA? http://www.investopedia.com/articles/financial-advisor/050916/will-backdoor-roth-ira-be-eliminated.asp

Maybe they were betting on change in fiduciary rule not being overturned and were thinking some robo-investment company was a good stock pick.
http://money.usnews.com/money/retirement/iras/articles/2016-11-07/how-retirement-benefits-will-change-in-2017

Could be a change in MEPs and popularity.

Can’t blame a for profit publisher for advertising with a teaser. I know I try to invest in companies that grow their revenue. Wouldn’t pay for a service that didn’t do a good job with their own business model.

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packrateric
Member
January 4, 2017 1:52 pm

well now look here….this looks like a reallly gooood deal.
step on up.
FDR wanted a program so people could magically become wealthy with out working so he set up this 26 f program .
Yes ….and the secret to ever lasting life comes with the 2 year subscription.

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Bob
Guest
January 4, 2017 2:51 pm

I looked at the FoxBusiness Review of this sort of investment and it does not recommend it. Any product that claims it is a “secret of the rich” to make tax-free money is too good to be true. The only ones making money are the ones selling the $79 0r $39 get rich schemes. Don’t fall for it! LOL

HHouser
Guest
HHouser
January 6, 2017 7:29 am

Rule #1 – If it sounds too good to be true, it probably is.
Rule #2 – Reduce your spending and increase your savings.
Rule #3 – Talk to a professional who will debunk the myths and give you valid investment strategies.

Robert
January 25, 2017 9:28 am
Reply to  HHouser

Dear “Houser’
Et.al… 26(f) program(s) are simply stock funds which you can purchase as easily as any mutual fund.
RB

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mike reedy
Guest
January 6, 2017 7:34 am

if it were legit, anyone of my many financial planner contacts in wirehouses would know and pitch it,

Jan
Guest
Jan
January 6, 2017 10:51 am

As I closed out my email on ” junk mail ” this morning, an article about 26 F retirement programs caught me eye. I decided to give it a listen which had me tied to my computer longer than I wished to be. Of course the narrator was promoting a sales pitch for a fee booklet of which I refused to get sucked into. The narrator went on about how pre- retired and retired investors can add lucrative amounts of money to their retirement before the blackout date of April 10th of this year. He did admit that there are some risks involved. I have been by my own standards comfortably retired for eight years and still actively investing in the stock market with no real risk involved. In other words ” if it isn’t broke I see no need to now fix ” what has been working for me for several years by being overcome with greed and putting my retirement at risk. Otherwise best wishes to investors who are doing well with this program in what has been and continues to be a very volatile stock market.

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ram patel.
Guest
ram patel.
January 6, 2017 8:52 pm
Reply to  Jan

People like these are con artist. stay away from this kind of people.

Philip Lemarque
Guest
February 27, 2017 12:22 pm
Reply to  Jan

Since you are doing fine on your own through investing in the maket. You could give pointers on how to do it right. Only a suggestion, which I’d love to understand. Best.

Lalchand
Guest
January 10, 2017 12:26 am

if you listen to the Map Press sales pitch,nowhere do they explain what a 26(f) program is and why it is “special” or “advantaged”. The sales pitch continues to appeal to your greed to get rich quick. All this so you become a member and subscribe to their newsletter at $80/year after the initial low ball rate. The idea is that that get you to build a portfolio based on the newsletter and you have to keep on buying the newsletter to know how to adjust the portfolio based on their buy-sell recommendation. If you take the risk you get the return. I compared their recommendation to other equivalent investments from Fidelity. I found there were better investments at lower fees for every one of their recommendations.
In short, beware and don’t get sucked into the sales pitch no matter how tempting. The narrator looks serious, credible and enticing, but there is no substance to the sales pitch.

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abritc
Member
January 16, 2017 10:46 am

You can read the sales pitch at http://www.topstocksforum.com/26-f-government-program.html. It sounds like the coming blackout refers to the new fiduciary standard for investment advisors, while the 26(f) program might be referring to discounted-price and/ or commission-free stock purchase plans sometimes offered to current shareholders. If those plans still exist they could indeed be helpful in getting richer over time.

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dealerdeb1
August 4, 2017 8:12 pm
Reply to  abritc

Isn’t it just an insurance annuity?Or a life insurance policy invested in any of their 200 funds available?You can add to them if they are not tax qualified for any amount you want

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L Melling
Guest
L Melling
January 16, 2017 1:14 pm

The 26f program seems to have originated with the 190th general Court of the Commonwealth of Massachusettes. It was repealed in 1966,14.Sec 52 Is this a look alike?

Chris
Member
Chris
January 17, 2017 11:34 am

I think it’s selling options…not certain, but that looks like the pitch for Jim Fink’s Options for Income….you can sell calls against your holdings…if the strike isn’t met, you keep the premium…if the stock goes over the strike it’s called away. Don’t sell naked options-bad idea, but covered calls can generate additional income and it has little risk other than you might miss some of the upside in your stocks.

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Mike
Guest
Mike
February 2, 2017 3:10 am
Reply to  Chris

Covered calls are an excellent way to weed out all good performing stocks, and leave your portfolio with all underperforming stocks.

Michael Ciavarini
Guest
Michael Ciavarini
December 24, 2017 12:27 pm
Reply to  Mike

no you dedicate a small portion of your portfolio and only buy stocks you want to hold for a week. you buy the stock sell the calls each week. i use http://www.borntosell.com to aid in my research. i trade companies like MU, M, GME, GM, URBN, EXEL, ZGNX, TRIP and so on. with oh 80k i make 2k a week every week never fails. sometimes i buy PUTS with some of the call premium for stocks like ROKU and those risky plays. I have never had a losing week. So easy to unwind a bad trade like CBI last week. I lost $480 but over all made $1,113. I turn one account into 1 million every 10 years. just make 2k per week every week for 520 weeks. Every 10 years you should have an extra million.

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Michael Ciavarini
Guest
Michael Ciavarini
December 24, 2017 12:22 pm
Reply to  Chris

i do this every week. make 2k a week every week. covered calls out of one of my ira’s. you can’t beat it with a stick.

local_volunteer
Guest
local_volunteer
January 17, 2017 12:15 pm

This smells like a con job. Probably whole life insurance disguised as an investment.

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Monty
Guest
Monty
January 19, 2017 10:40 pm

I got an email from Agora Financial, which gave a link, https://pro.agorafinancial.com/LIR_glitch_1216/LLIRT188/?h=true ,
which seems similar to the topic at hand.

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WINDICITIWOMAN
Guest
WINDICITIWOMAN
January 21, 2017 8:47 am

I don’t have much, and this sounds like a con job.

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