Lifetime Planner IDEA: Fix IRA / 401K Account Owner Selection Change between Account Setup and LTP Investments Dialog1. When creating a new IRA or 401K account, there is a dialog that asks "who owns this account". I assign this account to "spouse" and complete account setup. See Image 1 / 4.
<edited on 09.10.21>
The Issue and Result:
Account ownership for IRA and 401k accounts are not conveyed correctly from the selection made in account setup to the "Intended Use" assignment in Lifetime Planner Investments dialog.
If not caught and corrected by the user, IRA and 401K account balances, contributions and RMDs will be incorrectly attributed to the wrong spouse. This has caused user confusion in the past.
Ensure that "ownership" selections made in account creation convey correctly to Lifetime Planner Investments Dialog.
Steps to recreate with illustrations...
Lifetime Planner IDEA - Fix IRA / 401K Account Owner Change between Account Setup and LTP
2. When going into LTP to ensure this new account is included in the "plan", I see that the account ownership, selected during account setup, IS NOT assigned to my spouse. The selection of spouse made during account setup does not convey to LTP Investments dialog. It remains assigned to "Your Retirement", which is incorrect. See Image 2 / 4.
3. To manually correct, I can re-assign this account to my spouse by clicking on "details" button and fixing the problem. See Image 3 / 4.
Expected that if I assign account ownership during account creation, then that selection should convey to LTP, or anywhere else in Quicken that account ownership assignments are important. Can you fix?
IMAGE 1 - IRA Account Create Ownership Assigned
IMAGE 2 - LTP Ownership Changes From That Selected in IRA Account Create Stage
IMAGE 3 - LTP Ownership Corrected on IRA Account
IMAGE 4 - Similar ownership issue now prevalent in 401K Accounts.