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Adding NetBenefits account to Quicken 2005

Hi,

I am trying to add my 401k netbenefits (fidelity) account to quicken 2005, however it is not able to download the transactions. The quicken help page suggests the following: Click the Summary tab if it is not already open. In the Account Attributes section, click Convert to a 401(k) or IRA? When you are prompted, specify that you want to convert this account to a 401(k), and then follow the on-screen instructions.

However, I do not see the " Convert to a 401(k) or IRA? " option at all. What am I missing? I am using Quicken 2005 basic, and read on their forums that one user had been given that as the reason. If anyone has been able to succcessful in adding and downloading netbenefits into quicken basic, and can share that information, it would be highly appreciated.

Thanks.

Reply to
Ramesh Pun
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Do not know what effect this has on your setup problem but QW Basic version does not include QW's 401k account setup and related features. A 401k account is handled in Basic by creating a tax-deferred brokerage account.

Reply to
JM

And that is very likely why op can't download. I'm fairly certain that you must have a true Quicken 401k account to download 401k account transactions.

Reply to
John Pollard

I was able to do my Fidelity Netbenefits (before I moved it to an IRA at Vanguard) with no problems but I could only do one Netbenefit account.

How many Netbenefit accounts are you trying to access with Quicken 2005?

My wife and I both had Netbenefit accounts and Quicken 2005 Premier would only allow one account to update. I would assume that Basic would not work any differently. At the time Fidelity said it was a Quicken problem and the Fidelity rep said he thought Intuit was working on it.

When you tried the download did you get any sort of error message?

Hope this helps Marty

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Reply to
martyjk

Its only one account. The error message I get when I try to download is: OL-226-A The solution listed tells me to use the "Convert to a 401k or IRA?" option, but I dont see that at all.

Reply to
Ramesh Pun

Do you perhaps have your account set up as a Single Mutual Fund Account? Then you might have to convert it to a brokerage account before you can convert it to an IRA. You defineitely cannot, on Quicken Basic, convert it to a 401(k) account.

-- Mike

Ramesh Pun wrote:

Reply to
MikeB

No, flipping that attribute to a 'yes' or 'no' still doesnt give me the 'convert to a 401k or IRA?' option. Per the help file I should see that option under the account attributes section.

I am beginning to think the limitation is due to it being quicken basic, and the help file is generic across all versions.

Reply to
Ramesh Pun

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