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Auto remove Income Reminder for sold Stock, Bond, ETF, Treasury, Fund

mikek753b

Please add functionality to automatically remove related Income Reminders in Bills, Income & Transfers when an investment position is no longer held.

Use Cases

Stocks & ETFs: Dividend reminders should be automatically deleted when the corresponding stock or ETF is sold and the position is removed from Holdings.
Bonds & Treasuries: Interest payment reminders should be automatically deleted when a bond or Treasury is sold, called, or matures, causing the position to be removed from Holdings.
Mutual Funds: Distribution reminders should also be removed when the fund position is closed.

The application already knows when a position no longer exists in Holdings, so it should automatically remove any future income reminders associated with that security.

Why This Matters

Without this functionality, users must manually review and delete income reminders every time an investment position is sold, called, or matures. This process is time-consuming and easy to overlook, especially for portfolios containing many dividend-paying stocks and fixed-income securities.

Stale income reminders result in incorrect future cash-flow projections and projected account balances, reducing the accuracy of retirement and financial planning.

Automatically removing reminders for closed positions would make investment income forecasting more accurate and eliminate unnecessary manual maintenance.

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Bill Reminders

Planning Tools

Reviewed

Bills & Income

Status: Reviewed

Comments

UKR

… and that's one of the reasons why I never bothered with setting up Memorized Investment Transactions and Scheduled Transactions Groups … that process is way too cumbersome to set up and maintain.

The handful of Dividend and Interest Income transactions in my accounts are downloaded from my brokerage when they occur. And then it's only a couple of keystrokes or mouse clicks to get them recorded as proper investment register transactions.

NotACPA

In my taxable account, I hold an MMF and a single stock, that of my former employer. The Div on that stock alone (nothing in the IRA accounts) is saved as an Income Reminder.

Since there's no intent to sell that stock (it's doing quite well, my gain on it is 2,392%) the only change that I ever need to make is annual when they increase the dividend. That stock, in the taxable account, also serves as my Overdraft protection on the checking feature, since it's a Margin account.

For everything in the IRA accounts, I just wait and see what's downloaded.

SO, there's no benefit to me of this Idea.

mikek753b

This is for Taxable Investment Account, that provides Fixed Income stream of substantial percentage for living expenses.

Those Income Reminders help big time with planning for Bills and other living expenses. Those Reminders are also counted in the Tax Planner, it helps with ES Payments planning as well.

But, manual recheck and removal is the issue, I'm asking to address, for strong Holdings consistency.

Thanks for your comments and Vote for this Idea.

NotACPA

And, approximately, how many of these no longer needed reminders are you required to remove in, say, a year?

Because, from a totally unrelated screen in Q, I just counted 6 clicks to remove a reminder … which I simply don't see as an onerous task for a few changes a year.

I.E., the effort to implement this seems to me to be greater than the benefit.