Net Worth - Account Balances vs Retirement Accounts

Ps56k2
Ps56k2 Quicken Windows Subscription Alumni ✭✭✭✭
in Reports (Windows)
Was just looking at the - Net Worth - Account Balances - report and the breakout of the accounts.
The report does a breakout for ....
- Banking
- Cash
- Credit Cards
- Investment
This lines up with the subtle line breaks on the Account List on the left side of the Quicken screen.
However - the Retirement accounts are NOT broken out, and just lumped into the Investment area.
I feel they should be broken out separately, like the other groupings, as Retirement accounts are not "liquid" Investments.

Comments

  • urbanian
    urbanian Quicken Mac Subscription Member ✭✭
    Absolutely. I think I grumped about this somewhere before. Maybe it was as a feature request.

    And more of a problem, distributions from a retirement account, say from an IRA to checking, is just treated as a transfer. It really ought to be income, and I haven't figured out how to make it show up as such.
  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    urbanian said:
    And more of a problem, distributions from a retirement account, say from an IRA to checking, is just treated as a transfer. It really ought to be income, and I haven't figured out how to make it show up as such.
    https://community.quicken.com/discussion/comment/17093491/#Comment_17093491 

    Quicken user since version 2 for DOS, as of 2025 using QWin Premier (US) on Win10 Pro & Win11 Pro on 2 PCs.

  • GeoffG
    GeoffG Quicken Windows Subscription SuperUser ✭✭✭✭✭
    urbanian said:
    And more of a problem, distributions from a retirement account, say from an IRA to checking, is just treated as a transfer. It really ought to be income, and I haven't figured out how to make it show up as such.
    How can money moved from an IRA be Income? It is a transfer of funds from one account to another. You already earned the income when you placed excess funds into an IRA account. Interest/Dividends is income, not transferrering from an IRA to checking.

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  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited May 2020
    GeoffG said:
    How can money moved from an IRA be Income?
    It is usually taxable income.

    Quicken user since version 2 for DOS, as of 2025 using QWin Premier (US) on Win10 Pro & Win11 Pro on 2 PCs.

  • GeoffG
    GeoffG Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Hmm, brain spasm. The IRA is deferred income non-taxed. I was thinking retirement accounts in general. :#
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