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Posted by Oilcan on August 2, 2006, 12:00 am
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I am using Quicken Premier 2007
It should be very simple - the complexity is 1) how Quicken might
report this to you and 2) the information available from the 401K
Admin.
My admin is Vanquard. Each payroll period have have deducted 11% of my
pay and my gives me a 8% match. All of my deductions are tax deferred
and the % relates to the maximum contribution I can make per year tax
deferred. I will exceed this on my last paycheck of the year and the
contribution is reduced and I believe some of it becomes non-tax
deferred (or after-tax) contributions. I optain a salary adjustment
(hopefully) in April so each year April become my balancing point for
contributions.
With Vanguard, I am able to download automatically into Quicken by
Direct Connect or Web Connect. There are some issues with the rounding
that I just deal with - the problem is on their side in the reporting
verses how they download into Quicken. I am generally off a few 1/1000
of a share or unit in my investment and I chose to match what they show
on the website - which is simple rounding.
When the investments are downloaded or entered, they are places into
catagories of where the money or earnings come from. As I download,
this is done automatic for me. I can obtain the same reports from
their website and manually enter.
I have changed my Vested Percentage in the account from 100% to Zero.
This not reflect on summary of Account Balances on the side (my left
side of the window). It will reflect on the Accounts Holding Report
within the Investment Account >Open Investment>Summary Tab>Scroll Down.
My 100% Vested Accounts show a Zero Balance and the amount does differ
from the left side of the window.
I don't consider this a bug as Quicken is likely to perfrom LONG TERM
goals and not where you stand today. As an enhancement to 2008 - they
might consider some options to use VESTED amount in the totals and make
reporting easier. I for one would like to see a report by vested
category.
Cheers!
Ira wrote:
> Greets,
>
> This seems to be the "Holy Grail" of quicken questions. Lots of
> people have asked, no one has answered.
>
> Does anyone know how to enter an employer match into a 401K which is
> only partially vested? I my specific case (which I note from all
> prior requests is quite common), my employers match vests over time
> (20% per year, 100% vested at 5 years). I assume, similar to a prior
> post, that should you leave prior to vesting, you forefeit.
>
> I am using Quicken Deluxe 2006.
>
> Thanks!
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