Can I Contribute to Both a 401(k) and IRA?

When it comes to building retirement savings, it’s easy to feel confused about where you can save, and how much. One of the most frequent questions we encounter is, “Can I contribute to both a 401(k) and IRA?” The answer is yes. In fact, this is the most ideal situation for individuals as it allows you to take advantage of the various tax benefits of both retirement accounts. However, while you... Continue reading

How Do I Combine My Quicken Finances With a Spouse or Partner?

There are some added complexities that come with tracking two or more people’s finances. Most commonly, people associate combining financial tracking with marriage, but there are many circumstances that may require tracking multiple people’s accounts and spending. You may be tracking finances for yourself and a spouse, partner, parent, child, or someone in your care. The key to tracking more than... Continue reading

Quicken Stories: Stephen Smith

Stephen Smith started using Quicken at a surprisingly young age, tracking his paper route savings as a kid and then the expenses of his first car as a teenager. Years later, when he became a CPA, his background with the software entered his professional life. “I got a call from a potential client,” Stephen remembers, “but he didn’t really need a CPA. He needed a personal Quicken expert. He’d been... Continue reading

Quicken Product Highlights February 2021

Windows Product Highlight - Savings Goals This month, the Quicken team would like to show you our Savings Goals feature. When most people use the Planning tab in Quicken, they concentrate on the Budgets section. Another valuable tool on that tab is the Savings Goals section. If you haven't created a Savings Goal yet, you’ll see a blue Get Started button. Select Get Started to bring up the... Continue reading

For Love or Money? Home Budgeting for Couples

When it comes to relationships, money isn't usually the best topic for a first date. But, as things get more serious, couples eventually need to decide when and how to merge their finances after marriage. In fact, many couples start planning their joint financial future before they say, “I do.” Although there’s no one best solution for everyone, Quicken’s suite of personal finance management... Continue reading

Tax Prep Checklist: 13 Key Forms & Reports You’ll Need

Whether you file your taxes yourself or hire a professional accountant, the first step in your tax prep is gathering all the information you’ll need to complete your tax forms. While not exhaustive for every situation, this tax prep checklist can help you hit the highlights. Essential tax prep info and where to find it 1. Last year’s tax returns In most cases, you won’t technically need your... Continue reading

Finance 101: Credit Score Basics

With just one number, your credit score makes a substantial first impression on lenders because it provides a snapshot of how you've handled debt in the past. The Fair Isaac Corporation score, known as a FICO score, which is one of the most widely used and best known credit scores, ranges from 300 to 850, with a good score being at least 740. Factors Affecting Your Score The credit scoring... Continue reading

2021 New Year’s Resolution: Five Proven Habits That Make It Easy to Manage Your Money

Nothing makes your personal finances easier than having solid data you’ve maintained all year long. With digital records, you can look up just about anything. Your tax deductible business expenses. How much you spent on groceries, month by month. Even the name of the jeweler who fixed your grandmother’s necklace.  If you’ve been meaning to get organized and take control of your finances, the new... Continue reading

6 Tips for a Successful New Year’s Budget

It's no surprise that 2020 threw off everyone's plans, including financial ones. No matter what financial state you find yourself in, the start of a new year is a great time to check in on your finances, set some goals, and get a clear picture of where your money is going to ensure financial wellness. Whether you've never set a budget before or you're looking to perfect the one you've been using... Continue reading

Quicken Product Highlights January 2021

This month we would like to highlight our bill tracking tools. Our bill tracking tools give you the opportunity to view all of your paid and upcoming bills in a single place. You should treat bill tracking as a “To Do” list, letting you know what needs to be paid and when. Tracking your bills also helps you use the projected balances and cash flow features in Quicken. The projected balance... Continue reading