I hold an IRA at Fidelity, consisting of Fidelity Low Priced Stock (FLPSX).
I converted some of the shares to a Roth IRA.
How do I tell Quicken that some of my Fidelity FLPSX has an investment goal of IRA, where others have an investment goal of RothIRA?
I hold an IRA at Fidelity, consisting of Fidelity Low Priced Stock (FLPSX).
I converted some of the shares to a Roth IRA.
How do I tell Quicken that some of my Fidelity FLPSX has an investment goal of IRA, where others have an investment goal of RothIRA?
My objective is to be able to get reports showing IRA balances separate from RothIRA balances. Investment Goal seems to be the most convenient way of identifying this. I want, as well, to show the tax consequences of the IRA to RothIRA conversion.
"Gary" wrote
Create a new Quicken Roth IRA account. Transfer the cash you got from selling shares in the traditional IRA to the Roth IRA account. Buy shares in the new Roth IRA account. Track the two retirement accounts by ... *account*. (That should also parallel what happened in the real-world.)
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