Tracking a 401(k) loan in Quicken Classic for Mac

J. Holmes

What are the best practices for tracking a 401(k) loan in Quicken Classic for Mac?  Here are a few details–

-Loan payments will be deducted from my paycheck on the 15th and last day of each month.  

-I allocate/split my paycheck in Quicken to track taxes, insurance, transfers to 401(K), etc.

-I want to seamlessly track payments (including principal and interest) as well as the loan balance, including details such as loan establishment fees, quarterly maintenance fees, etc.

-I use Quicken to track my 401(k) account (Fidelity NetBenefits)

Quicken Kristina

Hello @J. Holmes,

Based on your description, it sounds like the way the customer in this earlier post set up theirs would work for you:

https://community.quicken.com/discussion/comment/20021753#Comment_20021753

You can create offline Asset and Liability accounts by going to Accounts>Add Account, selecting the option to add an offline account (at the bottom of the Add Account window), then selecting the kind of account you wish to create.

I hope this helps!

J. Holmes

Thanks @Quicken Kristina.

Quicken Kristina

Thank you for the follow-up,

I'm happy to help!

If you need further assistance, please feel free to reach out!