Recurring investment purchases were in bills but sometimes disappear

rmeav8er

Every month I have a set amount that comes out of my checking account and goes to Vanguard for my IRA. It's currently set up as a recurring bill under the Bills section and is accounted for in money going out. This month it was showing there until the transaction came out of my checking account and then it disappeared which threw off my "left at end of month" amount. I went to transactions and included it in the spending plan and now it put the transaction in transfers which fixed the "left at end of month". I don't care where they are ultimately placed, I just need them to be accounted in the money going out so I don't think I have more money available than I actually do. How can I make them automatically show up in one place or another?

DannyB

I believe the best way is to set this up as a recurring transfer from your checking account to your investment account and when you set up the recurring series check the boxes to exclude the "Money In" side of the transfer from your spending plan and reports. This transaction will then be tracked in our Spending Plan in the Transfers section and will reduce your monthly Available amount.

Here is an example of one of my monthly recurring transfers from checking to an investment account:

Category is the investment account I'm transferring into. This is a connected account in Simplifi making this account selectable under the Transfer parent category in the dropdown menu.

Only exclude the "Money in" side of the transfer since you want the Money Out to be deducted from your monthly income.

rmeav8er

Thanks. I am able to make this work for mine but for some reason when I try to do this with my wife's, it just deletes everything or tries to put it under mine. I think I may have something done but we'll see what happens next month.

DannyB

I wonder… I make 8 transfers a month to my grandkids' custodial investment accounts at the same investment bank so you should be able to make this work. I had to make sure that I had some unique identifier for each transfer. In my case the identifier was the account numbers for each account. If your transfer is the to same investment company for both IRAs then make sure there is something unique to associate the transfers with the recurring reminder.