Personal Finance

Mike Helminger · Guest

I currently have several Roth IRAs at ING Direct. I have transfered my funds
(in real life) to T Rowe Price. There are no fees or transaction costs. How
do I perform this action in Money 2004 Premium? I've tried the Transfer Out
option, but that seems to just transfer straight share quantities and not
total value of that account. Please advise.

Cal Learner-- MVP · Guest

If you have the T Rowe Price as an investment account, and if you
track the cash transactions, transfer the money (under SPECIAL at
the bottom of the drop-down list) from the ING Direct to T Rowe
Price (cash). Then in the Investment transactions for T Rowe Price,
enter a Buy for each fund you bought. If you put all of the money
into a particular fund, the Buy would be for the amount transferred.

If you don't have a cash transaction register for T Rowe Price, I
suggest you enable that.

Transfer out would be where actual shares are being transferred. You
are transferring the cash.

Dick Watson · Guest

"seems to just transfer straight share quantities and not total value of
that account"

And that's bad why? Is there a cash account with a cash position? Transfer
the cash. Other wise, I'd think this is what you want. The shares are, after
all, what you are transferring, no? If you sold the investments and
transferred cash, then do the same thing in Money. Sell the investments in
the ING account and then transfer the cash to the TRP account and then buy
new investments in the TRP account.

Mike Helminger · Guest

Will my gains and losses be retained using this method? Ideally, I'd like to
track my gains for the rest of my life :)

Cal Learner-- MVP · Guest

Chris Cowles · Guest

helminger · Joined: 14 Nov 2005 Posts: 1

ok, i've gone back and tried a couple different ways to record this transaction. i'm almost there, but can't seem to get it to work. i'll explain my situation a little more in depth.

I have three accts with ING and several with T Rowe Price. I took ING (1) and ING (2) and Transferred Out to ING (3). That all worked fine. Microsoft Money took the shares and transferred on the date specified and the dollar value of the transaction is correct. I'm trying now to transfer ING (3) funds to a single T Rowe fund. As I have it set up, my T Rowe account has several Roth IRA mutual funds encompassed in the general account. Therefore, I cannot simply transfer my account to T Rowe Price. What I find happens when I try this is that it will transfer my total ING (3) fund over to the general T Rowe portfolio. What I want it to do is transfer to T Rowe and allow me to designate which of my mutual funds to put it in. I've looked through all the transfer options and record special activity options, but nothing seems to do the trick. Please help. I guess the simple solution to end up with the correct dollar value is to record a sale and then reinvest, but by doing that I will lose performance data I believe.

Cal Learner-- MVP · Guest

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