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Old 12-04-2005, 11:55 AM
Bruce Galloway
Guest
 
Posts: n/a
Default Re: Nationwide Financial

I too have a Nationwide "idiotic" 401K plan. I'm not real happy with my
company going this route after the previous providers used real funds
(albeit their own) so I could properly track them. That said:

I use the "Download to Money" link on the Transactions page. If Money (2004)
is closed at the time I'm prompted to save the OFX file. If Money is open it
intercepts the download and automatically imports it and then presents "You
have Unread statements" page so that I can click the latest information. The
first time you attempt to process the statement (or after investing in a new
fund) you have to tell Money which downloaded investment is which Money
investment. After that Money keeps track of that for you. Do NOT enter the
normal fund symbol in the investment details page as mentioned elsewhere...
these investments are not those funds directly and you'll be unable to link
them if you've done so.


"Greg in Brooklyn" <Greg in Brooklyn[at]discussions.microsoft.com> wrote in
message news:EB2D0574-E41E-418C-8911-9EAE5B3EE90A[at]microsoft.com...
- quote -

> Hi,
> I have a 401k held at Nationwide, which is not listed as one of the
> institutions to choose from in Money's list (it is not Nationwide Federal
> Credit Union). Nationwide gives me the option to download the ofx file to
> Money, but when it says "import completed," I see nothing! Even if I

download
> it to my computer and then import the ofx file, I still see nothing.
> I would like to be able to keep track of this 401k file, and Nationwide

says
> they have been instructed by Microsoft to direct all questions to them, so
> here I am!
> I think part of the problem is that Nationwide has the idiotic practice of
> showing me how many units I have and the unit value, as opposed to shares

and
> share value (and they are different, so I can't open a 401k tracker in

Money
> with those funds and use the "unit value" as the share value, or my 401k

is
> suddenly listed as worth 20x what it actually is).
> Can someone please let me know if there is a way to keep track of my
> Nationwide 401k in any way shape or form through Money, and how the import
> function would work in this scenario?
> ANY assistance would be welcome!
> Thanks,
> Greg



  #1  
Old 12-03-2005, 05:57 PM
Dick Watson
Guest
 
Posts: n/a
Default Re: Nationwide Financial

This is very common and there is a reason for it. The reason is that you
don't actually own shares. You own a fund that owns shares, and, typically,
cash, and has expenses buried in it that the shares themselves don't have.
The whole subject of how much the money handlers are scraping off our 401ks
is beyond the scope of this newsgroup--though it's an interesting side issue
that ought to have more interest than it does--but there is a reason for the
unit values.

At any rate, do not try to assign a symbol to the investments--there isn't
one. As to what else is going on with downloads and 401k tracker, I use
neither since I want this all to work right the first time. For the captive
funds I just track them all as $1 shares in the quantity of the dollar
amount reported. I use Account Summary|Account Update to periodically
balance the reported dollar value to the shares in the Money account. I also
track the contributions in as $1/share investments.

"Greg in Brooklyn" <Greg in Brooklyn[at]discussions.microsoft.com> wrote in
message news:EB2D0574-E41E-418C-8911-9EAE5B3EE90A[at]microsoft.com...
- quote -

> I think part of the problem is that Nationwide has the idiotic practice of
> showing me how many units I have and the unit value, as opposed to shares
> and
> share value



 
Old 12-03-2005, 04:57 PM
Michael Gordon, MVP
Guest
 
Posts: n/a
Default Re: Nationwide Financial

Nationwide's "idiotic" practice shouldn't be the reason nothing is imported.
(FWIW, it doesn't sound that idiotic to me but that's a different issue.)
Try this -- create a new money file (not an account in your own file, but a
brand new one). Open that file in Money and then import the ofx file, Are
you asked to create an account to accept the new data?

--
Michael Gordon
MVP


"Greg in Brooklyn" <Greg in Brooklyn[at]discussions.microsoft.com> wrote in
message news:EB2D0574-E41E-418C-8911-9EAE5B3EE90A[at]microsoft.com...
- quote -

> Hi,
> I have a 401k held at Nationwide, which is not listed as one of the
> institutions to choose from in Money's list (it is not Nationwide Federal
> Credit Union). Nationwide gives me the option to download the ofx file to
> Money, but when it says "import completed," I see nothing! Even if I
> download
> it to my computer and then import the ofx file, I still see nothing.
> I would like to be able to keep track of this 401k file, and Nationwide
> says
> they have been instructed by Microsoft to direct all questions to them, so
> here I am!
> I think part of the problem is that Nationwide has the idiotic practice of
> showing me how many units I have and the unit value, as opposed to shares
> and
> share value (and they are different, so I can't open a 401k tracker in
> Money
> with those funds and use the "unit value" as the share value, or my 401k
> is
> suddenly listed as worth 20x what it actually is).
> Can someone please let me know if there is a way to keep track of my
> Nationwide 401k in any way shape or form through Money, and how the import
> function would work in this scenario?
> ANY assistance would be welcome!
> Thanks,
> Greg



  #-1  
Old 12-02-2005, 10:13 PM
Greg in Brooklyn
Guest
 
Posts: n/a
Default Nationwide Financial

Hi,
I have a 401k held at Nationwide, which is not listed as one of the
institutions to choose from in Money's list (it is not Nationwide Federal
Credit Union). Nationwide gives me the option to download the ofx file to
Money, but when it says "import completed," I see nothing! Even if I download
it to my computer and then import the ofx file, I still see nothing.
I would like to be able to keep track of this 401k file, and Nationwide says
they have been instructed by Microsoft to direct all questions to them, so
here I am!
I think part of the problem is that Nationwide has the idiotic practice of
showing me how many units I have and the unit value, as opposed to shares and
share value (and they are different, so I can't open a 401k tracker in Money
with those funds and use the "unit value" as the share value, or my 401k is
suddenly listed as worth 20x what it actually is).
Can someone please let me know if there is a way to keep track of my
Nationwide 401k in any way shape or form through Money, and how the import
function would work in this scenario?
ANY assistance would be welcome!
Thanks,
Greg
 

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