26 (f) Investing Program

[2moryrs]

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

 

[nnuut]

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?

 

[Frixxxx]

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.
[h=1]EXPLAINING “26(F) PROGRAMS” AND THE “RETIREMENT BLACKOUT” ON APRIL 10 TEASED BY KEITH FITZ-GERALD [/h]http://www.stockgumshoe.com/reviews/money-map-report/explaining-26f-programs-and-the-retirement-blackout-on-april-10-teased-by-keith-fitz-gerald/

 

[alevin]

Yep, I just about always go to stockgumshoe if I wonder about the teaser in the teaser ad. He's great.

 

[2moryrs]

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

Just what I Googled.

2my

 

[2moryrs]

Thank you all! Stockgumshoe is my new favorite website!

2my
csh

 

[evilanne]

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/l...-regulations/completed-rulemaking/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-the-new-fiduciary-rule-will-actually-affect-you.html
https://www.planadvisortools.com/assets/files/1i/pat-fiduciaryrule_wpfinal.pdf

 

[alevin]

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.

 

[evilanne]

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

 

[2moryrs]

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