A long time ago, when I set up my IRA, it had one mutual fund in it. Since then, I've diversified,a nd now there are several, but I created a new account for each one because... well, because I just didn't know any better. But my 401(k) is just one account that lists entries from each of the several mutual funds it's in. I would like to merge all of my IRA accounts in Quicken into just one account, and go forward from there. How can I do that?
Two approaches I can think of:
1.) Use the Quicken "Shares transferred between accounts" to transfer the IRA account holdings into one of the existing IRA accounts (or all of the IRA accounts into one new IRA account). If you have a problem with Quicken thinking that the transfer of cash (should you have any to transfer) is a "contribution" to the receiving account; you can create a dummy "cash" security, use all your cash to buy shares of the dummy cash security at $1/share, transfer the dummy cash security just as you do the other real securities, then sell all the dummy cash shares at $1/share in the receiving account.2.) Export all but one IRA account to one QIF file per account. Massage the QIF files and import them into the remaining Quicken IRA account as described in the following post (you could also export all the existing accounts and import them into a new IRA account, if you chose). You would want to use the "Special handling for transfers" option in the QIF file import dialog.
I would make certain to backup before trying either approach.
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