Required Minimum Distribution (RMD) age
Will Quicken be updated to the age limits for RMDs?
Comments
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the secure age changed the rmd age from 70 to 73. quicken does not reflect this. Please update the rmd age to 73 vs 70 or allow user to pick rmd age.
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Note that this long-standing Idea to get this fixed has been archived and shouldn't have been.
https://community.quicken.com/discussion/7865450/update-lifetime-planner-to-reflect-rmd-changes-to-iras-due-to-secure-act
I will flag the moderators and have them bring it back and add your comment to it. Once that is done you should vote on that one if you can.
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How does one vote on ideas? would love to contribute to keeping quicken relevant.
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Hello @johnnyside,
Since this idea was posted by you, your vote is automatically applied when you originally created the post. However, to vote on other ideas, you can do so by clicking the up arrow located below the vote count (see example below).
Hope this helps!
-Quicken Anja
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Yet another glaring problem not being fixed by Quicken. Why do we have to keep paying subscription fees???
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To keep getting, 1) program updates, 2) data updates, 3) the absence of the Nag Screen to renew that uses about 1/3 of your monitor.
QED
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
The only thing that keeps Quicken from losing about half of their customers is their proprietary protocol for downloading transactions. Any competitor that zeroed in on this one attribute could easily scoop up a sizable portion of their current customer base. Monopolies never last forever.
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Not true. There are two things that Quicken has over the competitors all the functionality in the program that people seem to dismiss until they go and find it missing, and the fact that their aggregator (Intuit) has a "relationship" with more financial institutions.
Intuit isn't the only aggregator out there and even the protocols Quicken uses aren't that "unique".
Direct Connect → OFX protocol with minor changes. Any financial institution that supports Direct Connect could support OFX with minor changes (Microsoft money was using "straight OFX").
Express Web Connect → go to the financial institutions' website log and get the transactions in some form and return them. This is in fact, the whole reason "aggregators" were needed in the first place. The fact that the financial institutions will not standardize this process means that it has to be hacked this way. There are several of this type of hacks out there. It is in fact, why some of the financial institutions are pushing for the FDX standard, so they don't have to have a different way for different aggregators to access the transactions. But in my opinion, it will fail in the same way as Direct Connect. If you can't get them all then you are still stuck with supporting these hacks (the financial institutions going to FDX will get out of that business, but the personal finance software will not).
Express Web Connect + → From the aggregator to the financial institution this is the new FDX standard. Any aggregator can implement it.
If you think that Quicken is the only personal finance software that can download transactions, you are mistaken. If have even heard of some that allow for multiple different aggregators.
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Quicken is so lucky that they are one of the few programs that has the auto-updates and is a program that is on your computer instead of your information being on a website. Not updating the RMDs is unforgiveable and not just a nice-to-have but an integral part of your retirement planning and for them to archive it and indicate it is not planned shows how poorly they support their customers. It would be such a hugely simple fix and its incredible that they would just choose to keep this flaw in their program.
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Previous Idea referenced in Chris_QPW's comment was archived as it was declined by our development team and marked as "Not Planned".
As a superuser and general QWin supporter, I rarely post harsh criticism but really, this is incredibly stupid.
It's hard to imagine the RMD age isn't coded somewhere as a constant. Just change the constant. If there are literal "70"s throughout the code, well, that would be incredibly stupid. But not that hard to remedy.
Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.
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Update the Required Minimum Distribution (RMD) age to 73 for accurate planning.
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Hello @janattangly,
Thank you for coming to the Community to share your feedback! Since there is already an existing Idea for the change you are requesting, I merged your Idea with the existing Idea Post.
Thank you!
Quicken Kristina
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Come on Quicken - join the discussion.
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Agree with other commenters, fixing this must be so trivial. Quicken, JUST DO IT!!!
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