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Some Investors Don’t Need Quicken 2012

Here's an example of someone who doesn’t need to use the Quicken program’s investments feature — someone who has simplified their financial affairs considerably. If you don’t invest directly in stocks, bonds, or mutual funds, you probably don't need to use Quicken 2012.

If you stick money into an IRA, your investments don’t produce taxable dividends or interest income, nor do they produce taxable or tax-saving capital gains or losses. Money you put into the IRA is tax deductible. And money you ultimately take out of the IRA will be taxable.

If you stick with a handful of mutual funds, you don’t need to calculate the annual return — that’s what mutual fund managers do. So you don’t need to figure, for example, what your shares of Vanguard Total Stock Market Portfolio (a great mutual fund) delivered as an annual return when you include both the 1 percent dividend and the 8 percent price change.

Because you don’t need to track investment income, or track capital gains and losses, or calculate the progress of your investment portfolio, you don’t need Quicken investment record keeping for your personal use.

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