So, I retired last year. I did a rollover IRA, moving money from a 401K
into an individual IRA account. Investments are extremely simple. Just
index stock funds and bond fund.
I don't need to track my old 401K. However, I do want to track the money
going in to my holding funds, then that money going out into an indexed
stock fund. At Fidelity, the holding fund is a short term government
bond fund called SPAXX. It currently pays about 4.9% and reinvests. I
have money invested pre-tax into one account and post-tax money popped
into a second account. So I'd like to figure out my small post-tax account.
Under Assets / Investments / Brokerage Accounts / Mutual Funds I have
SPAXX. Definition is FIDELITY GOVERNMENT MONEY MARKET. Symbol is SPAXX.
Online Quotes is working and I can get quotes. It is defined as account
type Mutual Fund.
While I was figuring it out, I rolled over a small amount before
retirement in four separate transactions. Since I have this defined as a
Mutual Fund, my first transaction looks like:
TRANSFERRED FROM DIRECT ROLLOVER FROM xxxxx PLAN yyyy as of Aug-30-2023
(Cash)
2815.17 shares
1.00 price
Buy 2815.17
I did four separate small rollovers to get my after-tax account funded
before retiring. With that SPAXX, I bought in to one index bond fund
(FXNAX), one total US indexed stock fund (FZROX) and one International
index fund (FZILX). But I have no idea how to indicate this in GnuCash.
What I did do was set up FXNAX under Bonds and FZROX, FZILX under Market
Index. The Bond Fund has account type Mutual Fund, as does FZROX and FZILX.
One area I am going very wrong is in recording my sale of SPAXX to
purchase FZROX or FZILX or FXNAX. Under FXNAX I have a transaction YOU
BOUGHT PROSPECTUS UNDER SEPARATE COVER FIDELITY U.S. BOND INDEX FUND
(FXNAX) (Cash) of 396.432 shares at 10.09 price for a toal of $4,000.
Under transfer, I am transferring out of SPAXX. However, when I go back
and look at my SPAXX account, I do not see it go down by $4k. So I have
to be doing something wrong as I don't show that money coming out of SPAXX.
Can someone step me through buying a stock index fund using money in a
money market type of fund? Volume for me is very low. I just funded a
pre-tax account and a post-tax account, went for a US Bond market index
fund, an International fund, a US fund, have dividend reinvestments and
maybe re-balance once or twice a year.
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