01-30-2014, 10:17 PM
davester wrote:
To do that I guess I can just convert the accounts over to being savings accounts.
I'd consider the accounts as "assets" rather than "savings" accounts. I have to admit, I'm not familiar using the asset account in quicken and how they work. Is there a way to create 1 account that has several assets in it?
Imagine someone were to list cars, furniture, jewelry as separate assets but in one account called "household assets". Apply that concept to your retirement accounts. You could lump all your tax deferred ones (IRA, inherited IRA, Sep-IRA) into one account that has a separate asset for each account. Then you just update the value of the asset at then of the month or quarter. You'd have a second one for Roth IRAs and a 3rd for employee accounts.