How to Create CD Account that is a Roth IRA

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Quicken seems to think that all IRAs are Investing accounts. Mine is a Certificate of Deposit.

How do I set this account up in Quicken
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  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Answer ✓
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    You set up an IRA Account and buy the CD as a security in the IRA.  Set the CD up as a security for $1 per share.  So a 10,000 CD would be 10,000 shares at $1.  The CD is in the IRA not the other way around.  

    I'm staying on Quicken 2013 Premier for Windows.

Answers

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Answer ✓
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    You set up an IRA Account and buy the CD as a security in the IRA.  Set the CD up as a security for $1 per share.  So a 10,000 CD would be 10,000 shares at $1.  The CD is in the IRA not the other way around.  

    I'm staying on Quicken 2013 Premier for Windows.

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    OR, set the CD up (in an investment IRA) as if it's a BOND, then you can input both interest rate and maturity date.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP