401K Contributions

[Vince P]

I'm using Money 2001.

I'm a little lost on how to automate my 401-K contributions.

I get paid two times a week, I have a fixed contribution into my 401K with
50% match by my employer.

I know how to set up the Recurring Deposit thing and I successfully have
Money directing these funds to my 401K Contributions cash account.

Now.. how do I get Money 2001 to automatically purchase shares of my 401K
mutual funds from this cash account? I setup a "Scheduled Investment
Purchases" item and have it set to the interval of my pay checks. My
problem is.. I want these purchase to happen automatically... but to set up
this item I need to enter a quantity of shares and a price. I know neither,
I only know the total amount of money being spent.

I get quarterly 401 statements that just summary my shareholdings as of the
last day of the quarter, but I don't know anything about the transactions
within the quarter.

How to handle? Thanks.

[nos...@hotmail.com]

I don't think this is possible through Money and there is no way money
can figure that out for you. First of all the date your 401K
contributions are deducted is not always the date when the investments
are actually purchased. With most of the 401K's there is a time lag
betwen the deduction and investment of usually one to two weeks.
So since the day the investments will be made to the 401K is not
fixed, it will not be possible for money to figure out the number of
shares even though it can find out the closing price of mutual funds
for any day and then calculate the shares. This will only be possible
for mutual funds but not for shares (Share prices fluctuate through
out the day and money does not have any idea at what price it was
purchased).
Only way possible for you to automatically enter the transactions is
if your 401K account provides automatic download into Money.
What I have done is put in a scheduled investments and when the
investments are bought I put in the number of shares and it
automatically calculates the price.

On Fri, 27 Oct 2000 07:18:59 GMT, "Vince P" <pac...@speakeasy.org>
wrote:

[Art McClinton]

I do not know if you have real mutual funds. But I found that when
Fidelity went to a report that did not contain a history, I complained
and they changed the code on my account so I could get the history.

I have set up my accounts very similar to yours. Only difference is that
I will do an update of the share price just prior to entering the
purchases. Thus I can write down the share prices for the 3 mutual funds
that I buy every other week. Then when I record the purchase from the
bill account, I:
1) enter the price, hit tab which
2) fills in the number of shares purchased
3) next I delete the share price and
4) round the number of shares to 3 digits, hit tab which
5) fills in the share price.
I check that the share price has not moved to far and enter the
transaction.

For the last 3 years this has resulted in getting the same values as
reported in the quarterly report.

[C. Moya]

Did Fidelity give you access to activity older than 90 days?

Fidelity lets me only download the last 90 days of activity on my
401k. Very useful if I could get more than the 90 days since their
quaterly statements don't have exact transactions (just the standings
for the end of the quarter) so I can't even enter older transactions
manually since I don't know what they are!

So I just update my 401k account in MS Money quaterly and only the
overall balance not specific transactions. Kind of a drag. Downloading
the transactions is very useful.... I just need to more than 90
days!... at leat right now to get me started.

On Sun, 29 Oct 2000 20:24:36 -0500, Art McClinton <a...@nova.org>
wrote:

[Art McClinton]

Fidelity changed my paper copy at my request to list the history. The
online only has the last 90 days, so it is a pain if I do not happen to
hit it at the correct time to get the quarterly information. And since I
am in the non-profit 403B side, they will not give me a file format that
can be down loaded, only printed and manually entered or checked.

Art

[brlarue]

If you switch to online statements with Fidelity you can quarterly
reports for the current year. I plan to get current with the
quarterly reports then stay current by downloading monthly
transactions. I'm not sure what I'm going to do with the transfer of
funds from the paycheck entry to the 401 cash account.

"Vince P" <pac...@speakeasy.org> wrote:

rstr...@yahoo.com