Has Anyone Been Successful Implementing Scheduled Reminders in Investment Accounts?

Question

I have a few scheduled reminders tied to interest and dividend payments from mutual funds and some individual stocks. They are never recognized after they are downloaded as a match to the pending reminder. I've had pretty good luck with reminders for spending accounts being matched and incremented automatically after the downloaded transactions are accepted. I've never had a match from an investment transaction even when payee, date and amount are identical. It requires manually Ignoring the pending reminder to increment it.

The Help files indicate it should work like spending account reminders. I'm just wondering whether anyone has had success with investment account reminders?

Jim_Harman · Answer

I have income reminders set up for dividends in my taxable brokerage accounts and they work OK for me. They only work for dividends received in cash, not for reinvestments. For a match, the dates and amounts must be identical, not like banking accounts where the date can be off by a few days. I do not auto accept the downloaded transactions and the Reminders are set to "Remind me", not auto enter.

The process I use is to wait until the transaction downloads with the actual date and amount. Before accepting the download, I go to the Bills and Income tab and enter the Reminder, setting the date and amount to match the download. This should make a Match on the downloaded transaction, which I then accept.

For me, these Reminders are very useful because they feed the Tax Planner with estimates of my future taxable investment income. Each estimate is replaced by the actual amount when the Reminder is entered.

NotACPA · Answer

I've got scheduled reminders for Investing transactions (say, stock dividends) in several accounts.   My MF distributions aren't regular enough that I've ever tried to schedule them.