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401K Retirement Account Question

401K Retirement Account Question

Post by Timothy R. Waldro » Thu, 18 Dec 1997 04:00:00



Money gives directions on how to add employee contributions in the "top
level budget" but how do I reflect them in my contribution account?  They
cannot go in a Gross Pay split because it is neither after or before tax.
Also when setting up my retirement account it demanded that I create two
accounts one account being a contribution account and the other savings plan
account.
I have tried using automated deposits for employee contributions in "bills"
but I do not think it is being done correctly.
Why has MS not given employee contributions any real thought?

 
 
 
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401K Retirement Account Question

Post by Richard Bolla » Thu, 18 Dec 1997 04:00:00


I make contributions as before tax transactions to my retirement fund's
associated cash account.  Have you tried that?


>Money gives directions on how to add employee contributions in the "top
>level budget" but how do I reflect them in my contribution account?  They
>cannot go in a Gross Pay split because it is neither after or before tax.
>Also when setting up my retirement account it demanded that I create two
>accounts one account being a contribution account and the other savings
plan
>account.
>I have tried using automated deposits for employee contributions in "bills"
>but I do not think it is being done correctly.
>Why has MS not given employee contributions any real thought?


 
 
 
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1. Major Flaws in Update Retirement Accounts and the Retirement Accounts accounting

I have noticed a number of MAJOR flaws with the Update Retirement
Accounts (URA) and the Retirement Accounts accounting in Money 2000. I
am attempting to re-enter all of my quarterly 401k statements since
1994. Note I only have the dollar values not position values so
everything has a price of 1.00 USD and I keep track of the dollar
position.

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views.
        Example:
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Shows a gain of 57.46 instead of 53.30 (looks like it is taking the
ABS)

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one fund to another during the statement period. It is as if I hit
postpone instead of finish.

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losses. (If you do not enter a net gain / loss as either a dividend or
interest)  This is demonstrated in the last summary window, however
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