Migrating from quicken

[Dennis Powless]

You'll find it easier to do in gnucash than quicken.

d

On Sun, Sep 25, 2016 at 5:06 PM, John Ralls <jralls at ceridwen.us> wrote:

>
> > 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
>
>
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