Roth with Traditional 401(k)

Jul 08, 2009 2 Replies
A

Using Q2009 Deluxe.



Part of my paycheck goes into a 401(k) and part into a Roth. Both are invested in the same securities. Both plans are administered through the same company which is my companies plan sponsor. When I download my account information online it brings the transactions for both the



401k and Roth into the same brokerage account. The only way I know the difference between whether shares were purchased using 401k or Roth funds is by looking at the memo field. One says 'Contributions Contribution / Pre Tax' and the other 'Contributions Contribution / Roth'.

Since everything is commingled how can I separate the two securities so I know the value of my Roth and the value of my 401k?


Vote
Twitter Facebook LinkedIn
D

In the real world (i.e., at the plan sponsor) are the Roth & the 401 (k) in a single account or separate? Do they have 1 account number or 2?

In Quicken, do you create 1 account or 2? In Quicken, (assuming 2 accounts), did you give them separate account numbers ... that match what's the plan sponsor.

In general, Q should ALWAYS reflect reality. Have you done so?

What's held in the respective accounts is irrelevant to this discussion. Also, it would be helpful if you'd name the plan sponsor. A few have particular (i.e., non-common) requirements that may impact the resolution.

db

Vote
Twitter Facebook LinkedIn
A

This is with ING and there is only one account I have everything setup in one account in Q. It does reflect reality at a high level but that doesn't help me understand the balance of the Roth part of my account. I am asking if there is some way for me to separate the two once in Quicken so I can understand their return better.

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required