Retirement savings transfers

jfuller508
jfuller508 Member ✭✭
edited June 2023 in Budgeting and Planning Tools (Windows)

I am trying to track my retirement fund transfers in Quicken.

When I transfer money to my checking it does not show up as income or deduct from IRA. I tried to create a retirement withdrawal account and then transfer to checking. No go.

Bottom line I have budgeted a $ amount as income from my retirement and want to show as income and as a deduction in retirement account. How can I do this?

Best Answer

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    Answer ✓

    Go to the Planning > Budgets page. Click on Manage Budget Categories then select Transfers In and check the box next to the name of your IRA account. Then transfers from the IRA should show up as income in your budget.

    QWin Premier subscription

Answers

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    Answer ✓

    Go to the Planning > Budgets page. Click on Manage Budget Categories then select Transfers In and check the box next to the name of your IRA account. Then transfers from the IRA should show up as income in your budget.

    QWin Premier subscription
  • jfuller508
    jfuller508 Member ✭✭

    Thank you Jim, that seems to have worked.

This discussion has been closed.

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