The Lifetime Overview report provides a comprehensive analysis of your financial health over the entire period of data recorded in Quicken. It's especially useful for users who have been tracking their finances for several years.
How to Use the Lifetime Overview Report
By leveraging the Lifetime Overview report, you can gain valuable insights into your financial journey, track your progress, and make informed decisions for future financial planning.
Access the Report
To access the Lifetime Overview Report, select Reports menu → Net Worth & Balances → Lifetime Overview Report.
Customize Your View
Choose the accounts you want to include or exclude from the report for targeted analysis. Select the Customize icon in the top right of the report.
From there you an adjust both the Display and the Accounts that will be reported on.
Adjust for Inflation
Select inflation adjustment to get a more accurate representation of your financial data over time. This is especially useful if your records go back many years.
Analyze Investment Data
Select the investment-related options to reflect your investment activity within the report. This includes the following options:
- Investment Income
- Realized Gains
- Unrealized Gains
- Funds Added/Removed
- At Market Value
- Transfers to Assets/Invetments
If you do not track investing in Quicken, you should seselect all of those options to avoid clutter.
Interpret the graph
Use the graph to get a quick visual understanding of your net worth progression and annual percentage changes. The light green bar reflects the change in your net worth for the year. The darker green bar represents your net worth for that year.
Understand Report columns
Year: Indicates the fiscal year for which the financial data is being displayed.
Starting Net Worth: Represents the value of all assets minus liabilities at the beginning of the year.
Regular Income: The total income received during the year through regular sources such as salaries, wages, and recurring passive income.
Investment Income: Income generated from investments over the year, such as dividends, interest, or other profit from assets held for investment purposes.
Realized Gains: Profits from the sale of investments or assets that were actually sold and converted into cash during the year.
Unrealized Gains: Increases in the value of investments or assets that have not been sold and thus the gain is not yet realized as cash.
Total Income: The aggregate of Regular Income, Investment Income, Realized Gains, and Unrealized Gains.
Expenses: All outflows of money to cover various costs and expenses throughout the year.
Net Income: The total income minus expenses, reflecting the actual money left over at the year's end.
Funds Added: Any additional funds injected into the accounts, such as transfers from other accounts, loan proceeds, or any lump-sum receipts.
Funds Removed: Money taken out of the accounts, which could include transfers to other accounts, large purchases, or withdrawals.
Ending Net Worth: The value of all assets minus liabilities at the end of the year, which is the result of the starting net worth plus net income and net transfers.
Net Worth % Change: The percentage change in net worth from the beginning to the end of the year.
CAGR: Compound Annual Growth Rate that shows the mean annual growth rate of an investment over a specified time period longer than one year.
Select report options
By understanding each column and toggle in the Lifetime Overview report, Quicken users can better customize their financial reports to match their specific needs and gain a clearer understanding of their financial trajectory.
Regular Income: Include or exclude Regular Income from your report, which can help in focusing solely on investment-related income if preferred.
Investment Income: Add or remove income specifically from investments, useful for users who want to separate investment earnings from other income sources.
Realized Gains: Display or hide the profits made from the sale of assets during the year.
Unrealized Gains: Include or exclude the increase in value of unsold assets, which can be useful for a more conservative financial overview.
Funds Added/Removed: Show or hide any funds added to or removed from your accounts during the year.
At Market Value: Evaluate your investments at their current market value, rather than the purchase price or book value.
Transfers to Assets/Investments: Include or exclude significant transfers made towards purchasing assets or other major investments, which is beneficial for tracking substantial financial moves.
Adjust for Inflation: This adjusts all financial figures to account for inflation, providing a real-terms value of money and investments over time.
Hide Graph/Report: These let you hide the graphical representation or the tabular report, respectively, to focus on the type of data display you prefer.