Migrating from quicken

[John Ralls]

> On Sep 25, 2016, at 5:13 AM, ar <ar123456 at gmail.com> wrote:
> 
> Hi,
> 
> I am migrating from quicken that I was used for a long time. My current
> issue is tracking 401k: I am using very simplistic view in my quicken
> setup: I am not splitting my paycheck. I just add received cash to my bank
> account(s) and I add all my 401k contributions to 401k account(s). I do not
> track individual investments inside my 401k plans.
> 
> I am not sure what type of account I should use for my 401k and right now
> all contributions are counted as withdrawals.

The simplest way to keep track of a 401K is to just track your contributions and any company matching in a plain cash account. There's not much point in tracking market value when you can't liquidate the asset. At some point you'll be rolling the 401K into an IRA that you'll manage yourself. That's when it will make sense to track the individual securities and market value.

Regards,
John Ralls