Take Control Of Your 401(k)helpful. Quicken keeps track of my total shares and can calculate my 401(k)'s performance much more easily than if I did to it manually. Just remember to do a backup on a floppy disk after you input each statement |
The tedious task of reading, understanding, and benchmarking your statements should take you about 15 minutes, add another 10 minutes if you will also input your statements into your computer. Be sure to save all your statements and paystubs. Don't get discouraged if it takes you considerably longer the first few times. Be patient and know that you are taking control of your 401(k) rather than your 401(k) taking control over you. More and more companies are making statements easier to read. Plan participants of New York Life Benefit Services can download their account information from the web and have it incorporated into Quicken and request weekly updates of their account via e-mail.