401 Withdrawals have changed

RandieM
RandieM Quicken Windows Subscription Member ✭✭
edited November 3 in Investing (Windows)

I have a 401k with Fidelity that I make regular withdrawals from. It appears Fidelity or Quicken has made a change in the way those are handled. Previously, the transaction type was Soldx. Securities value, cash balance and total seemed correct. The last widthdrawal the transaction type became withdrawal instead of Soldx and the securities value did not appear to change. The cash balance became negative and the total market value is right. Is this way it is supposed to work?

Answers

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    There has been an absolute ton of posts in here regarding Fidelity's change in downloading protocol so, clearly this hasn't gone very well. As to who's to blame here!? No idea.

    If indeed securities get sold in your Fidelity account and then Fidelity puts that cash in a Fidelity account, somewhere else, then "No, it's not supposed to work that way."

    Delete that downloaded information and re-enter it correctly.

This discussion has been closed.

Categories