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  #10  
Old 01-19-2004, 01:06 PM
Art McClinton
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Posts: n/a
Default Re: 401k Accounts in Money 2004

I am using MS Money to download 403B transactions from Fidelity
NetBenifits site. They use OFX and it works correctly for me. If you
want to check your claim, you can open the ofx file in notepad or the
editor of your choice and compare it against the OFX standard. I would
expect that you will find that your institution does not use the method
you desire. BTW - I have used this to show errors in OFX and OFC files
from varrious institutions and gotten several to change their methods of
building these transfer files.

Alex wrote:
- quote -

> Does 401K transactions download work with any other financial institution?
> If not, it is clear that this is MS Money problem. Also, some of the posts
> in this newsgroup from April, 2002 indicate that this is problem with
> MSMoney.
> "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
> message news:%237PEv0I2DHA.2948[at]TK2MSFTNGP09.phx.gbl...
> > And you assert this because?
> > > "Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message

> > news:vY2dnaJvEbHzXpzdRVn-jg[at]comcast.com...
> > > > It does not appear to support OFX
> > > standard correctly.

> >

  #9  
Old 01-11-2004, 11:35 PM
Dick Watson
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Default Re: 401k Accounts in Money 2004

Oh.

"Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
news:UKCdnXd3Wf2vTJzd4p2dnA[at]comcast.com...
- quote -

> Does 401K transactions download work with any other financial
institution?
> If not, it is clear that this is MS Money problem.



  #8  
Old 01-11-2004, 09:41 PM
Alex
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Posts: n/a
Default Re: 401k Accounts in Money 2004

Does 401K transactions download work with any other financial institution?
If not, it is clear that this is MS Money problem. Also, some of the posts
in this newsgroup from April, 2002 indicate that this is problem with
MSMoney.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%237PEv0I2DHA.2948[at]TK2MSFTNGP09.phx.gbl...
- quote -

> And you assert this because?
> "Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
> news:vY2dnaJvEbHzXpzdRVn-jg[at]comcast.com...
> > It does not appear to support OFX
> > standard correctly.



  #7  
Old 01-11-2004, 08:50 PM
Dick Watson
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Posts: n/a
Default Re: 401k Accounts in Money 2004

And you assert this because?

"Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
news:vY2dnaJvEbHzXpzdRVn-jg[at]comcast.com...
- quote -

> It does not appear to support OFX
> standard correctly.



  #6  
Old 01-11-2004, 08:43 PM
Alex
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Posts: n/a
Default Re: 401k Accounts in Money 2004

Almost year ago I paid for the product(MS Money 2003 Deluxe) that advertises
support for 401K and OFX standard. It does not appear to support OFX
standard correctly. I consider this misleading advertisement and will not be
spending my money on 2004 version.

"Dick Watson" <littlegreengecko[at]mind-enuf_already-spring.com> wrote in
message news:ejrBo4G2DHA.2620[at]TK2MSFTNGP09.phx.gbl...
- quote -

> I have a total of 23 401k buys per month, not counting any reallocations,
> reinvested dividends, self-managed account activity, etc. (And not to
> mention the IRAs and the other automagic investments.) I must just not

find
> it as cumbersome, time consuming, or error prone as you do. Of course, I
> have the bulk of the work setup as recurring scheduled transactions.
> "Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
> news:UpydnQGnF4Ff55zdRVn-hA[at]comcast.com...
> > Sorry, I forgot to reply to original question about "entering few
> > transactions by hand". Yes, I find "entering by hand" cumbersome, time
> > consuming, and error prone when you have to enter 30 transactions every
> > month.



  #5  
Old 01-11-2004, 05:10 PM
Dick Watson
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Posts: n/a
Default Re: 401k Accounts in Money 2004

I have a total of 23 401k buys per month, not counting any reallocations,
reinvested dividends, self-managed account activity, etc. (And not to
mention the IRAs and the other automagic investments.) I must just not find
it as cumbersome, time consuming, or error prone as you do. Of course, I
have the bulk of the work setup as recurring scheduled transactions.

"Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
news:UpydnQGnF4Ff55zdRVn-hA[at]comcast.com...
- quote -

> Sorry, I forgot to reply to original question about "entering few
> transactions by hand". Yes, I find "entering by hand" cumbersome, time
> consuming, and error prone when you have to enter 30 transactions every
> month.



  #4  
Old 01-11-2004, 05:02 PM
Dick Watson
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Posts: n/a
Default Re: 401k Accounts in Money 2004

I wouldn't lobby for not entering transactions for the reasons you cite.

"Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
news:LfKdnVPTR7yv5JzdRVn-jg[at]comcast.com...
- quote -

> If you don't enter individual transactions, don't you get incorrect
> results(like capital gains, return values, etc...) on various performance
> related reports. You can't record the cost of individual buys.



  #3  
Old 01-11-2004, 03:33 PM
Alex
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Posts: n/a
Default Re: 401k Accounts in Money 2004

Sorry, I forgot to reply to original question about "entering few
transactions by hand". Yes, I find "entering by hand" cumbersome, time
consuming, and error prone when you have to enter 30 transactions every
month.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uscBpbE2DHA.2604[at]TK2MSFTNGP09.phx.gbl...
- quote -

> Why you would switch to Q instead of just entering a few transactions by
> hand, if you want them in there so badly, is a mystery to me. How hard is

it
> to enter transactions? Harder than moving your Money data to Quicken? (I

bet
> not.) I don't download anything but quotes. I have every buy in my 401ks.
> But, if you must, be our guest:
> http://www.buy.com/retail/product.as...7&loc=105&sp=1.
> "Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
> news:jfqdnYsF7dX9RJ3dRVn-gQ[at]comcast.com...
> > Does anyone know if Money 2004 have the same problem. I have been

MSMoney
> > user for almost 10 years, but this may force me to switch to Quicken.
> > Thanks.



  #2  
Old 01-11-2004, 03:26 PM
Alex
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Posts: n/a
Default Re: 401k Accounts in Money 2004

If you don't enter individual transactions, don't you get incorrect
results(like capital gains, return values, etc...) on various performance
related reports. You can't record the cost of individual buys.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uscBpbE2DHA.2604[at]TK2MSFTNGP09.phx.gbl...
- quote -

> Why you would switch to Q instead of just entering a few transactions by
> hand, if you want them in there so badly, is a mystery to me. How hard is

it
> to enter transactions? Harder than moving your Money data to Quicken? (I

bet
> not.) I don't download anything but quotes. I have every buy in my 401ks.
> But, if you must, be our guest:
> http://www.buy.com/retail/product.as...7&loc=105&sp=1.
> "Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
> news:jfqdnYsF7dX9RJ3dRVn-gQ[at]comcast.com...
> > Does anyone know if Money 2004 have the same problem. I have been

MSMoney
> > user for almost 10 years, but this may force me to switch to Quicken.
> > Thanks.



  #1  
Old 01-11-2004, 12:27 PM
Dick Watson
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Posts: n/a
Default Re: 401k Accounts in Money 2004

Why you would switch to Q instead of just entering a few transactions by
hand, if you want them in there so badly, is a mystery to me. How hard is it
to enter transactions? Harder than moving your Money data to Quicken? (I bet
not.) I don't download anything but quotes. I have every buy in my 401ks.
But, if you must, be our guest:
http://www.buy.com/retail/product.as...7&loc=105&sp=1.

"Alex" <DONOTREPLY[at]ATcomcastDOTnet> wrote in message
news:jfqdnYsF7dX9RJ3dRVn-gQ[at]comcast.com...
- quote -

> Does anyone know if Money 2004 have the same problem. I have been MSMoney
> user for almost 10 years, but this may force me to switch to Quicken.
> Thanks.



 
Old 01-11-2004, 04:55 AM
Cal Learner-- MVP
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Posts: n/a
Default Re: 401k Accounts in Money 2004

In microsoft.public.money, Alex wrote:

- quote -

> According to Vanguard help FAQ,
> "Microsoft has chosen to implement 401(k) and similar employer-sponsored
> retirement accounts by providing only the account's holdings in the
> Microsoft Money account. When you download and import an OFX file for an
> employer plan account from Vanguard, Money will update your holdings using
> "Add Shares" or "Remove Shares" transactions as appropriate, but the actual
> transactions that were performed within your account will not appear in your
> Money register."


Despite what Vanguard says, Vanguard can put Buy and Sell
transactions into the OFX file if they want to. Others do.
- quote -

> Does anyone know if Money 2004 have the same problem. I have been MSMoney
> user for almost 10 years, but this may force me to switch to Quicken.
> Thanks.

Bye.

  #-1  
Old 01-11-2004, 04:04 AM
Alex
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Posts: n/a
Default 401k Accounts in Money 2004

According to Vanguard help FAQ,

"Microsoft has chosen to implement 401(k) and similar employer-sponsored
retirement accounts by providing only the account's holdings in the
Microsoft Money account. When you download and import an OFX file for an
employer plan account from Vanguard, Money will update your holdings using
"Add Shares" or "Remove Shares" transactions as appropriate, but the actual
transactions that were performed within your account will not appear in your
Money register."

Does anyone know if Money 2004 have the same problem. I have been MSMoney
user for almost 10 years, but this may force me to switch to Quicken.
Thanks.



 

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2004, 401k, accounts, money
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