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| That's a start. But it leaves me with more questions. Are you using Money 2007 Deluxe or Premium? Are you using Essential or Advanced Register in Money? So you have two Investment Accounts setup as 401(k) type accounts in Money? How are the loans modeled in the Investment Accounts? As Investments? What are you actually updating in Money using the statements and the 401k Manager? The total 401(k) account balance? The value of individual investments? (Money's 401(k) account stuff knows nothing about 401(k) loans so any modeling of them leaves lots to the imagination of the user.) Do your 401(k) accounts hold any positions in the same investments? If you have setup the loans as Investments for the 401(k)s, have you used the same investment for both loans or setup a separate investment for each loan? (I can readily see this--using the same investment as the holding for two different Loan "investments" in two dirfferent Investment Accounts--as something that would cross-couple updates to one account into the value of the other. It's the only concrete theory I have given the data you have provided.) Let me try to give you an example of this case: Investment Account "Employer X 410(k)" holds, say, 10,000 shares of Investment "BigMegaGood Fund" at $5 per share. It also holds 5,432.10 shares of "401(k) Loan" Investment at $1 per share. Investment Account "Employer Y 410(k)" holds, say, 5,000 shares of Investment "MakeLotsaMoney Fund" at $10 per share. It also holds--prior to the update of the "Employer X 410(k)" account--1 share of "401(k) Loan" Investment at $1,234.56 per share. Problem is that Money only knows how to store one latest value per share for each investment. Overloading of the investment "401(k) Loan" with two different ways of valuing it will be problematic as in the following continuation of the example: You update the value of "401(k) Loan" Investment in "Employer X 410(k)" Investment Account to be $5,321.09. Money uses the fact that you previously told it you had 5,432.10 shares of this investment to now calculate that shares of "401(k) Loan" Investment are now worth $5,321.09/5,432.10 or about $0.9795 per share. But when it applies this value for the investment to the holding of the same investment in the "Employer Y 410(k)" Investment Account, now it finds that the one share of that investment is no longer worth $1,234.56 but is now worth $0.9795. the difference will be a (false) drop in your "Employer Y 410(k)" total value. If this is a good supposition--and it's really a wild educated guess that requires I extrapolate a LOT from the info you have provided--the way to solve it is decouple the investments representing the Loans to two separate ones or be sure to use the one investment as a $1 per share Money Market Fund type or similar where the positions in shares matches the dollar balance of the loans. As to why this would have just started happening, I can't say. But 401(k) Manager has LONG been known for being problematic. I use the Quick Update link (I think that's what it's called) from the bottom of the Account Summary page. "jwmatorres" wrote: - quote - > I am using Money 2007. I have 2 401K loans; 1 with Principal and 1 with JP > Morgan. I don't request the electronic download, I just update them myself > through 401K Manager then "Update this Account". These loans are not linked > in any way to each other. But for what ever reason they are changing each > other when i enter from 1 or the other. DO you think that I should try to > download the info electronically from the 401K site? Also I have had these > loans for about 1 year now and never had this problem when i updated before. |
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#2
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| I am using Money 2007. I have 2 401K loans; 1 with Principal and 1 with JP Morgan. I don't request the electronic download, I just update them myself through 401K Manager then "Update this Account". These loans are not linked in any way to each other. But for what ever reason they are changing each other when i enter from 1 or the other. DO you think that I should try to download the info electronically from the 401K site? Also I have had these loans for about 1 year now and never had this problem when i updated before. I hope that this is more information for assistance. Thanks for your time Wendy -- wendy "Dick Watson" wrote: - quote - > Probably not without a lot more help from you. I suspect your post mostly > just left people scratching their heads. I know if left me that way. Just > some of the questions I came up with before I gave up trying: > What version of Money/edition of Money? Are downloaded transactions > involved? From Bank A? Bank B? From the 401(k) administrator? How does one > 401(k) account relate to two lenders/two loans? Do you have two loan > accounts setup in Money? (Generally, there is no way to balance a Loan > Account in Money, so that confused me as well.) When you say 401(k) account > are you talking in the real world or in Money? You say you entered statement > info from Bank A. But what info from the statement and where did you enter > it? (In an account as transactions? Ending balance in the balance account > genie?) You say you balanced Bank B, but B is a Bank, not an Account!?!???! > What kind of Account was it you balanced? A Loan Account? Then you say you > went back to the Money Account. Which one? Back from where? Weren't you in > Money when you "balanced Bank B"? You say you went to Bank A and corrected > the loan amount. What does this mean in Money terms? You redefined the setup > of a Loan Account? You entered a transaction to increase/decrease the ending > balance? Are we talking a problem caused by Transfer type transactions? Or > one caused by bad account information screwing up downloads? I just don't > have a clue which direction to go in to help you. > There are lots of people here who would like to help. Seriously. But you > need to tell us what you have setup in Money and what you did in Money and > how and what you were expecting Money to do and what it did instead. And you > need to tell us this in terms we will recognize relative to what they mean > to Money. If we can't begin to recreate in our heads the scenario you have, > we really can't begin to help in any efficient way at all. It's like going > to the doctor and saying that you saw your prune and now your tree is > feeling a bit granite but maybe it is because you said a thing in her deal. > "jwmatorres" <jwmatorres[at]discussions.microsoft.com> wrote in message > news:96BF44FA-83FA-4310-8223-F7007F695F2C[at]microsoft.com... > > IS there anyone that can help me solve this problem????? > > -- > > wendy > > > > "jwmatorres" wrote: > > > > I have 2 loans with 2 different lenders through our 401K account, 1 with > > > bank > > > A and 1 with Bank B. When i went and entered the statement info from > > > Bank A > > > everything was fine. Then I balanced Bank B and everything was fine. I > > > went > > > back to the Money Account and noticed that Bank A balance changed > > > drastically. I looked at it and someone Bank B loan is now there. Both > > > the > > > account with Bank A and Bank B have different names. Then I went back to > > > Bank A corrected the loan amount, went back to the Home and now Bank B is > > > different. I have looked everywhere to see what could be causing this > > > and > > > can figure it out. I have been going back and forth betwen the account > > > for > > > over 1 hour thinkin i will try it one more time and maybe it will stay. > > > > > Please Help how can i get the loan to stay with their own bank. ![]() |
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#1
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| Probably not without a lot more help from you. I suspect your post mostly just left people scratching their heads. I know if left me that way. Just some of the questions I came up with before I gave up trying: What version of Money/edition of Money? Are downloaded transactions involved? From Bank A? Bank B? From the 401(k) administrator? How does one 401(k) account relate to two lenders/two loans? Do you have two loan accounts setup in Money? (Generally, there is no way to balance a Loan Account in Money, so that confused me as well.) When you say 401(k) account are you talking in the real world or in Money? You say you entered statement info from Bank A. But what info from the statement and where did you enter it? (In an account as transactions? Ending balance in the balance account genie?) You say you balanced Bank B, but B is a Bank, not an Account!?!???! What kind of Account was it you balanced? A Loan Account? Then you say you went back to the Money Account. Which one? Back from where? Weren't you in Money when you "balanced Bank B"? You say you went to Bank A and corrected the loan amount. What does this mean in Money terms? You redefined the setup of a Loan Account? You entered a transaction to increase/decrease the ending balance? Are we talking a problem caused by Transfer type transactions? Or one caused by bad account information screwing up downloads? I just don't have a clue which direction to go in to help you. There are lots of people here who would like to help. Seriously. But you need to tell us what you have setup in Money and what you did in Money and how and what you were expecting Money to do and what it did instead. And you need to tell us this in terms we will recognize relative to what they mean to Money. If we can't begin to recreate in our heads the scenario you have, we really can't begin to help in any efficient way at all. It's like going to the doctor and saying that you saw your prune and now your tree is feeling a bit granite but maybe it is because you said a thing in her deal. "jwmatorres" <jwmatorres[at]discussions.microsoft.com> wrote in message news:96BF44FA-83FA-4310-8223-F7007F695F2C[at]microsoft.com... - quote - > IS there anyone that can help me solve this problem????? > -- > wendy > "jwmatorres" wrote: > > I have 2 loans with 2 different lenders through our 401K account, 1 with > > bank > > A and 1 with Bank B. When i went and entered the statement info from > > Bank A > > everything was fine. Then I balanced Bank B and everything was fine. I > > went > > back to the Money Account and noticed that Bank A balance changed > > drastically. I looked at it and someone Bank B loan is now there. Both > > the > > account with Bank A and Bank B have different names. Then I went back to > > Bank A corrected the loan amount, went back to the Home and now Bank B is > > different. I have looked everywhere to see what could be causing this > > and > > can figure it out. I have been going back and forth betwen the account > > for > > over 1 hour thinkin i will try it one more time and maybe it will stay. > > > Please Help how can i get the loan to stay with their own bank. ![]() |
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| IS there anyone that can help me solve this problem????? -- wendy "jwmatorres" wrote: - quote - > I have 2 loans with 2 different lenders through our 401K account, 1 with bank > A and 1 with Bank B. When i went and entered the statement info from Bank A > everything was fine. Then I balanced Bank B and everything was fine. I went > back to the Money Account and noticed that Bank A balance changed > drastically. I looked at it and someone Bank B loan is now there. Both the > account with Bank A and Bank B have different names. Then I went back to > Bank A corrected the loan amount, went back to the Home and now Bank B is > different. I have looked everywhere to see what could be causing this and > can figure it out. I have been going back and forth betwen the account for > over 1 hour thinkin i will try it one more time and maybe it will stay. > Please Help how can i get the loan to stay with their own bank. ![]() > -- > wendy |
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#-1
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| I have 2 loans with 2 different lenders through our 401K account, 1 with bank A and 1 with Bank B. When i went and entered the statement info from Bank A everything was fine. Then I balanced Bank B and everything was fine. I went back to the Money Account and noticed that Bank A balance changed drastically. I looked at it and someone Bank B loan is now there. Both the account with Bank A and Bank B have different names. Then I went back to Bank A corrected the loan amount, went back to the Home and now Bank B is different. I have looked everywhere to see what could be causing this and can figure it out. I have been going back and forth betwen the account for over 1 hour thinkin i will try it one more time and maybe it will stay. Please Help how can i get the loan to stay with their own bank. ![]() -- wendy |
| Tags |
| loan, problem, transaction |
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