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.
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.
Sounds like another con job.
All you need to know is, all of these so called investment gurus and publishing houses are on Rip Off Report .com!
Can Canadians invest ?
Not directly. You need to send me your money first.
I got the info pack. We have 60 day to return it, I’ll report back.
I would love to hear your analysis! What is the 26f? Is it
legitimate?
It has been 30 days since your initial comment. Any update?
It’s 9 mutual funds, most of companies anybody would recognize. Most have an required initial investment of $2500 (and no, I didn’t forget a decimal point.) If you got them all you’d be looking at over $20K. To get the returns talked about you need all dividends re-invested and a buy and hold mentality. Also continuing contributions. It’s not feasible for me, although there is one of those funds that I’m considering. It’s major holdings are ones that I’m interested in having but can’t afford in any meaningful amount. We shall see.
what are the 9 mutual funds?
What are the 9 mutual funds . I am a disabled military veteran should I look into the 26(f). what is the best way
My take, knowing what the funds are, is that this isn’t for anybody with a limited income that needs more income NOW. The lowest you can get into any of these without going through a 401K is $1000. Most of them are $2500 and one is $3000. Then t0 really get anything out of it you have to reinvest dividends and add extra on a more or less regular schedule. Is this a scam? No. Is this a viable option for a person that already has a bundle or two and wants to leave a large legacy? Definitely. For John Q. Public? Afraid not.
How did it turn out. Are you invested? Are you able to get in as little as $100.00 and where can you take advantage of this offer? Thanks.
Is this legitimate, anyone know? (does sound to good)
If he make so much money doing it, why does he want my money
You ever meet a guy who didn’t want more money?
Probably for the same reason he has filled all his articles with ads and prompts to become a pro member. He wants more money.
I would like to know more about the 26f program
Sales Job!
Travis has decided to enter the discussion. See his analysis on Jan 18. He’s the final authority here, and he’s nailed it.
Who’s Travis? Where did he enter the discussion (he’s nowhere on this discussion board). Can you give a URL where we can read his analysis and opinions?
Travis IS the Stock Gumshoe, which just happens to be the site that you are on. Go to stockgumshoe.com if you’ve never been there. You’re in for the surprise of your life and I mean that in the best possible way!
Thanks. Never heard of stockgumshoe or Travis but will check it out.
OK so I read a few articles now on Stockgumshoe. Nothing earth shattering. A few good things to say, lots of ads, and encouragements to become a “pro”. But other than that, pretty typical finanancial stuff. Article on 26F programs was good. Nothing new here that I can see.
I think it’s the “variable annuity”
Every time when a video of the greatest length and extremely time consuming is placed to convince beholders to part with their money on behalf of what they advertised, it usually achieves the opposite effect. I never was able to understand why e people who created these videos think that it can be withstood for so long.
@Bennya1 – DId the packet contain anything interesting?
In my exploration —
26(f) seems to refer to 26 U.S. Code §§561, 562, 564, having to do with pushing “excess” dividends received during the first quarter following the close of a taxable year, into the previous one or two tax years to maximize a “dividends paid deduction.”
Title 26 is U.S. tax code.
At https://www.law.cornell.edu/uscode/text/26 under the “Notes” tab, a table correlates the numbering of sections from the 1939 tax code to that of the 1986 revision.
Old numbering in 26 U.S.C. would be §26(f), new numbering would be §§561, 562, and 564.
Text of those sections is at
https://www.law.cornell.edu/uscode/text/26/562
Click back and forth to move amongst the sections.
I skimmed enough to get the jist of it and will leave it to someone else to interpret it more specifically. Or to correct if you find that it refers to something else.
i want to partake in this investment plan.
what is a 26f program
Just a fancy way to refer to mutual funds, for the most part. Saying “I’ve got some mutual funds to recommend” doesn’t inspire you to sign up for a subscription, but perhaps “I’ve got some secret 26f programs to recommend” might… or at least it gets a lot of attention. Covered in more detail here.
Basically.this 26f merely requires brokers and investment councilors to disclose how they make their money and who pays them. It will remove the broker fee you pay when you buy a fund and also require brokers and advisors to assume a fiduciary role in overseeing your investments to keep you from getting too top-heavy.
Perhaps the Trump Administration will step in and take this oversight out of the US Dept of Labor and allow us to think for ourselves instead on some Democrat appointed bureaucrat thinking for us.
https://www.irs.gov/pub/irs-tege/26usc7611.pdf
Interesting! The Fiduciary Rule was scheduled to be enacted on April 10, the same date of the so called “Retirement Blackout” The rule will require advisors to act in the best interests of their clients, and to put their clients’ interests above their own. This sounds like a clever marketing scheme. The only blackout will be their inability to scam investors out of their retirement money. That is of course if Trump does not eliminate the rule which he delayed enacting for 180 days to review.
If it were legit, a search for “26(f)” would result in many links to the government site(s) with the government regulations covering such a program. There are none. Only the sales sites. Run the other way.
Is the 26f program for real ? Do you really have to invest to get this money?
The programs are real. The hype is NOT. Remember: If something is too good to be true, it probably isn’t!
I did see well polished actors in all the beachfront property retirement getaways. The time to film those success stories must have cost more than I make in a year . This is all free ,for me ? lol