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From: John Pollard on 19 Apr 2010 17:27
John Oliver wrote:
> On Fri, 16 Apr 2010 21:10:58 -0700, JimH wrote:
>> What are the retirement account investment companies? What version of
>> Quicken do you have? That would be the place to start if anyone is
>> going to help.
>
> USAA and Principal. My Quicken is 2008 Deluxe.

I have many accounts with USAA, including checking, savings, credit card,
regular (non-tax-deferred) brokerage, and IRA (Regular and Roth) accounts
(I have had IRA mutual fund accounts; now they're all IRA brokerage
accounts). Never have any problem downloading to any USAA account ...
they're all "Direct Connect" downloads.

If you purchase a CD at USAA in other than a USAA Brokerage Account, I
believe you must create a Quicken savings account to deal with the
downloads for the CD. Other than that, I can't recall any restrictions
for downloading from USAA to retirement accounts.

But you can designate a Quicken savings account as "tax-deferred"; and I
believe you will get the essentially the same Quicken tax treatment as you
would in an IRA (investment) account (assuming your real-world CD is in a
tax-deferred account). You can also tell Quicken to put a savings account
in the Quicken "Investing:Retirement" location (See Edit Account Details)
to get it treated like other retirement accounts for reporting.

--

John Pollard
news://<YOUR-NNTP-NEWSERVER-HERE>/alt.comp.software.financial.quicken
Your source of user-to-user Quicken help


From: John Oliver on 19 Apr 2010 18:40
On Mon, 19 Apr 2010 16:27:17 -0500, John Pollard wrote:
> John Oliver wrote:
>> On Fri, 16 Apr 2010 21:10:58 -0700, JimH wrote:
>>> What are the retirement account investment companies? What version of
>>> Quicken do you have? That would be the place to start if anyone is
>>> going to help.
>>
>> USAA and Principal. My Quicken is 2008 Deluxe.
>
> I have many accounts with USAA, including checking, savings, credit card,
> regular (non-tax-deferred) brokerage, and IRA (Regular and Roth) accounts
> (I have had IRA mutual fund accounts; now they're all IRA brokerage
> accounts). Never have any problem downloading to any USAA account ...
> they're all "Direct Connect" downloads.

So, you just hit "Update Now" and all USAA accounts get updated?

Are you using the same login as for their website?

> If you purchase a CD at USAA in other than a USAA Brokerage Account, I
> believe you must create a Quicken savings account to deal with the
> downloads for the CD. Other than that, I can't recall any restrictions
> for downloading from USAA to retirement accounts.

I don't have any CDs with them.

> But you can designate a Quicken savings account as "tax-deferred"; and I
> believe you will get the essentially the same Quicken tax treatment as you
> would in an IRA (investment) account (assuming your real-world CD is in a
> tax-deferred account). You can also tell Quicken to put a savings account
> in the Quicken "Investing:Retirement" location (See Edit Account Details)
> to get it treated like other retirement accounts for reporting.

So... are you saying that I *do* need to create a savings account
instead of a retirement account? Or just that that's possible? Did
you? Are your IRA accounts with USAA set up as Savings or as
Retirement?

Thanks...

--
* John Oliver http://www.john-oliver.net/ *
From: John Pollard on 19 Apr 2010 22:02
John Oliver wrote:
> On Mon, 19 Apr 2010 16:27:17 -0500, John Pollard wrote:
>> John Oliver wrote:
>>> On Fri, 16 Apr 2010 21:10:58 -0700, JimH wrote:
>>>> What are the retirement account investment companies? What version
>>>> of Quicken do you have? That would be the place to start if anyone
>>>> is going to help.
>>>
>>> USAA and Principal. My Quicken is 2008 Deluxe.
>>
>> I have many accounts with USAA, including checking, savings, credit
>> card, regular (non-tax-deferred) brokerage, and IRA (Regular and
>> Roth) accounts (I have had IRA mutual fund accounts; now they're all
>> IRA brokerage accounts). Never have any problem downloading to any
>> USAA account ... they're all "Direct Connect" downloads.
>
> So, you just hit "Update Now" and all USAA accounts get updated?

I do a One Step Update and all my USAA accounts get updated during the
same OSU as all my other financial institution's accounts.

> Are you using the same login as for their website?

Not exactly. Quicken Customer-id is USAA account number (my USAA web site
user-id is not my USAA account number). Quicken password is USAA pin.

>> If you purchase a CD at USAA in other than a USAA Brokerage Account,
>> I believe you must create a Quicken savings account to deal with the
>> downloads for the CD. Other than that, I can't recall any
>> restrictions for downloading from USAA to retirement accounts.
>
> I don't have any CDs with them.
>
>> But you can designate a Quicken savings account as "tax-deferred";
>> and I believe you will get the essentially the same Quicken tax
>> treatment as you would in an IRA (investment) account (assuming your
>> real-world CD is in a tax-deferred account). You can also tell
>> Quicken to put a savings account in the Quicken
>> "Investing:Retirement" location (See Edit Account Details) to get it
>> treated like other retirement accounts for reporting.

> So... are you saying that I *do* need to create a savings account
> instead of a retirement account? Or just that that's possible?

Just that it might be possible.

> Did you?

> Are your IRA accounts with USAA set up as Savings
> or as Retirement?

I changed all my USAA retirement accounts to USAA brokerage accounts (at
USAA); you can own a USAA CD in a USAA brokerage account. None of my
Quicken USAA retirement accounts are savings accounts.


--

John Pollard
news://<YOUR-NNTP-NEWSERVER-HERE>/alt.comp.software.financial.quicken
Your source of user-to-user Quicken help


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