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lifetime planner 401k catchup $6000 doesn't register

Unknown
Unknown Member
edited December 2017 in Investing (Windows)
I try to reflect my $6000 catch up contribution to 401k but it only shows as an "employer contribution" not mine.  Anyone else have this problem?

Comments

  • Unknown
    Unknown Alumni
    edited September 2017
    Hi TG,

    I'm sorry for any confusion or inconvenience this has caused. To help us provide you with the most appropriate answer, please let us know what Quicken product (QWin or QMac), what version (2015, 2016, etc.) and what release you have installed. Also, let us know whether you using the US version of Quicken or Quicken Canada. 

    Thanks,
    Dave
  • Unknown
    Unknown Member
    edited January 2017
    ok.  It's Quicken 2017 Premier (USA version) for Windows
  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    edited March 2017
    How did you enter the catch up contribution?
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Unknown
    Unknown Member
    edited January 2017

    thanks.


    I used "change assumptions" in Lifetime Planner:

    "Investments" -> edit, select my 401k entry, in Tab #2 "add" a "new" contribution to my 401k.  Define $6000 annually no other increases and no Company match.

    See attached screen shots for the"before" vs "after" effect in my Plan Summary.  It doesn't look right to me ....  the Company contributions "after" the catchup  actually increased (see attached.)  And, I cannot tell how Quicken treated my catchups further down in the Summary as shown in "Tom contribs" (attached).


    image

    image


    image

    image


    image


    Regards,  TG

  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    edited March 2017

    I'm trying to duplicate your "before" numbers. I've got the salary ($163,524) and employer contribution ($9,811) to match your "before" pictures, but the Total Tax-deferred is only $29,434. That's about $12,000 short of your $41,085 amount.

    Is there some other tax deferred contribution in your plan? If so, I would temporarily exclude that so you can see the impact for the 401(k) alone. You can also exclude the catchup contribution to see its impact as well.

    There does appear to be an issue with the employer contribution percentage being applied to all the 401(k) contributions in the plan. I typically adjust the employer contribution percentage to get the right employer contribution amount.

    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Unknown
    Unknown Member
    edited January 2017
    you are a good detective.  I have another $12K going into two Roth IRA's ($5500 + $1000 catchup me and $5500 for wife's IRA).

    OK I will experiment with temporarily excluding the other tax deferred contributions to see the impact of 401k alone.

    Glad to hear from you that there is some kind of issue with the employer contribution; and I will try your suggestion to adjust the percentage in order to get the actual proper amount reflected correctly.

    Regards, TG
This discussion has been closed.