Best Of
Re: How to treat Unreimbursed Partnership Expenses
Hello @azevin,
Thank you for coming to the Community with this question. Since that specific line item isn't in Quicken Simplifi, perhaps you could use Schedule E, Other Expenses, and include UPE in the category name, so that you still have an indicator which line to use at tax time.
Additionally, I recommend that you create an Idea post requesting that the tax line item be added. Ideas that get enough votes may be implemented in the future. For information on creating an Idea post, please review the post below:
I hope this helps!
Re: Target Circle Card won't download new transactions
This issue is still ongoing. I would be more understanding if this was a free software, but I would expect a paid software should be able to fix an issue like this after 2 months. This is ridiculous. I have too many target transactions to add manually. I am very frustrated.
yisaacs1
Re: Refund Reminder Card Displays on All Accounts
Thanks @Coach Jon ! I am also experiencing this bug.
EL1234
Re: Simplifi Projected cash flow for retirees, best practices
Hi @Bobf Welcome to Simplifi!
I'm also retired and ditto what @SRC54 shared. For me the Spending Plan has always been the crown jewel of QS. Get that feature set up right and you're a long way toward staying ahead of your personal financial management.
One of the things you will need to address, however, is your non monthly fixed and flexible expenses. These include fixed expenses like property tax, annual/semi-annual insurance premiums, annual subscriptions/memberships, etc. and flexible non-monthly expenses like home and auto maintenance and repairs, medical/dental/eye care not covered by insurance (deductibles/co-pays), etc. Your monthly fixed and flexible are handled in the Spending Plan, but your annual/semi-annual/non-monthly expenses are not easily included in the monthly Spending Plan.
For me, best practice is to use one or more Savings Goals to set aside funds monthly to meet these expenses when they arise or come due.
DannyB
Re: Simplifi Projected cash flow for retirees, best practices
I am retired and depend on my social security and dividends as well as wife’s pension. I use the Spending Plan which shows me how much I need each month. So far I haven’t had to dip into my IRA or investments so I am lucky.
My suggestion is to enter all your recurring bills and income first. Then guesstimate how much discretionary spending you need for food, gasoline, etc. in Planned Spending — this will give you a starting point. I would also enter an amount you plan to transfer from Investments each month to make up the difference. Each month you can refine this plan. You can easily adjust. The Spending Plan may even help you keep your expenses down so you can stretch your investments out longer.
And after getting the Spending Plan setup, check out Bills and Income section to see your cash flow.
Since you’re new to Simplifi, here’s a support article to get you started:
There are several retirees here and they will have plenty of suggestions for you as well. Post any questions you have.
Welcome to Simplifi!
SRC54