How do you set up a 401(k)
Paul Lussier
pll@mclinux.com
Wed, 17 Jan 2001 09:07:12 -0500
In a message dated: Tue, 16 Jan 2001 19:58:42 PST
Richard Seymour said:
>I have two accounts from previous jobs. One is a 401(k) and the other is
>very similar (a SEP account).
>
>I am using GnuCash 1.4.8.
>
>What type of account should I use in setting up these accounts?
I set up a major account of "Investments" and then set up a sub-account of
"401k". Under this account, there are sub-accounts for both me and my wife
for each job that we currently have 401k accounts with:
Investments
401k
Me
job1
job2
Spouse
job1
job2
The jobX accounts, for all intents and purposes is set up as a "Bank" type
account, since from there, money gets disbursed into various securities/mutual
funds. I haven't set up the disbursements yet though, nor have a I figured
out how to deal with employer mathing funds which also get "deposited" into
the account.
--
Seeya,
Paul
----
It may look like I'm just sitting here doing nothing,
but I'm really actively waiting for all my problems to go away.
If you're not having fun, you're not doing it right!