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Investment Programs Scam

Q: What is a 26f program? Are funds that are stated to be 26f, such as Vanguard Wellington, good investments in an IRA or are they better in a taxable account?

A: We weren’t aware of a “26f” program, so we did some research online and found no evidence that there is any official 26f program. It appears to be some type of scam to get people to purchase an annual subscription to their “financial advice” website, where they will then give you the details of the program. One blogger I came across actually subscribed, however, there was no information inside the website. I would be very wary of any type of advertising of these programs. If it seems too good to be true, it probably is, and I would stay clear.


 

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