Problem with Q7 IRA's vs, Joint Account

Posted by Dan Wenz on July 31, 2009, 11:47 am

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I only use Q to monitor my mutual funds, all under Fidelity's brokerage
account plus Govt I bonds and one other mutual fund account, three
accounts in all in the past, and with Q7 until the last week or so. I
don't use Q to monitor "cash", balance the checkbook, etc., just to
monitor the funds/I Bonds. Taxes are no problem, since the tax software
downloads fund information automatically at the end of the year

To keep it simple,e over the years, I didn't break our IRA accounts out,
just lumped them together any time I added/downloaded information into
the transactions register. I just renamed the Ira's to keep them
separate from the joint funds, i.e., as an example, say, Cash Reserves,
Cash Reserves IRA Dan, Cash Reserves IRA wife. The Summary page accepted
the distinction, and downloads automatically loaded into the proper
fund, IRAs separate from non-IRAs - I don't need info as to whether the
cash coming in is a long or short transaction, etc.

In the last week, I bought a new Fidelity fund, part for the joint
account, part for one of our IRAs. Then the problem - Q wants the fund
symbol, which I input, also naming the fund as I have done in the past,
say Fidelity Canada IRA Dan. Q strips the IRA Dan out and adds the fund
to the joint account, unlike my previous experience. I know I can set up
a separate account for my and my wife's IRAs, but those "new" accounts
will only then input current IRA information, ignoring the many years of
"old" IRA inputs. Those old sums show up as additions to the new IRA
accounts, so, in essence, they show up twice.

I don't see an easy way to move all of the old information, many years
worth, into the "new" IRA accounts. I can essentially archive the old
information and restart Q anew, using current figures to setup a
completely new Q account, ignoring past information. Not the best
solution for me.

Anyone have any comments to the above "rant"?

Posted by Dan Wenz on July 31, 2009, 5:44 pm

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Dan Wenz wrote:

> I only use Q to monitor my mutual funds, all under Fidelity's brokerage

> account plus Govt I bonds and one other mutual fund account, three

> accounts in all in the past, and with Q7 until the last week or so. I

> don't use Q to monitor "cash", balance the checkbook, etc., just to

> monitor the funds/I Bonds. Taxes are no problem, since the tax software

> downloads fund information automatically at the end of the year

Etc.

Hmmm, looks like I can enter the IRAs manually, rather than having Q
downloading new accounts (IRA) from Fidelity. Trying that "tactic" now.
Hope that makes some sense!