Even lower fees for QFC strategy investors

We’re excited to announce our new fee policy for investors with at least $150,000 invested in Quantified Fee Credit (QFC) strategies or at least $100,000 invested in Turnkey QFC strategies. Under this policy, we will waive 100% of the Flexible Plan Investments portion of the advisory fee on QFC strategies in excess of the subadvisory fees paid by the funds used in your account. Look for more information on the new policy in this quarter’s President’s Letter.

E*Trade change to transfer-out procedure

E*Trade Advisor Services now requires an original Medallion Signature Guarantee for all transfer-in-kind requests received outside of the ACATs system. In addition, all transfer-in-kind requests received via the ACATs systems will now be processed for transfer to new custodians. Accounts will only be sold to cash upon request. Requests to discontinue management prior to sending a transfer request will stop management services only and the account will remain in the last managed positions.

If you have any questions, please contact our Client Services team at 800-347-3539, extension 1.

E*Trade Advisor Services clients: Sign up for e-statements and avoid fees

Sign up for e-delivery of your quarterly statements to avoid a quarterly $5.00 print and delivery fee from E*Trade Advisor Services. Signing up for e-statements helps the environment, reduces clutter, and allows you to access and store your statements safely and securely online. Simply log in to sign up.

Deadline for contribution to an IRA is approaching

Tax day is right around the corner! Don’t wait until the last minute to establish your new IRA or rollover accounts.

Turbo Tax and H&R Block: Liberty tax imports

You can import tax information from the Liberty platform directly into Turbo Tax and H&R Block tax software. To do so, select “E*Trade Savings Bank” from the list of financial institutions. You will need to establish a Liberty login and password before completing the import process. Enter your Liberty login and password to begin importing the tax information. If you need assistance with your Liberty login or password, please contact our Client Services team at 800-347-3539, option 1. If you need assistance using the tax software, please use the support services for Turbo Tax and H&R Block. This service is not available in the free version of Turbo Tax.

Transaction data for taxable accounts

Each year we get questions from reps and tax preparers about how to handle transaction data for taxable accounts. While Flexible Plan does not provide tax advice, the following procedural information may be useful.

To avoid having to enter each buy/sell transaction, you can use one of the following methods:

  • E*Trade Advisor Services integrates with Turbo Tax and H&R Block’s tax software, allowing you to download the data directly into the software program. E*Trade Advisor Services also provides the 1099-B tax data in CSV/spreadsheet format, which can be used with other software programs.
  • Totals can be entered on Schedule D, and a hard copy of the 1099-B data can be submitted separately from the electronically filed return. Totals entered using this method could be labeled “Per schedule submitted with Form 8453.” You would then submit an IRS Form 8453 with the 1099-B tax data to the following address:

Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254

Wash sales: Interest in the subject of wash sales and active management always spikes during tax season. Information about wash sales, their effects, and how to avoid them at Flexible Plan can be found here.