401k Account setup suggestins

[Bill Wohler]

"jack rilllman" <jcf2001 at hotmail.com> writes:

> The 401K consist of several mutual funds with money going into each fund
> with each contribution.

  My paycheck stub shows just one entry for the 401k so in my checking
  register I create a split transaction for the salary and taxes with
  the 401k going to an account (of type Asset and commodity USD) called
  Assets:Investments:Retirement:Acme 401k.

  I created a separate sub-account for each mutual fund (of type Mutual
  Fund and commodity matching the stock ticker for the fund). For
  example, I might have Assets:Investments:Retirement:Acme 401k:Mutual
  Fund A.

  When the 401k statement arrives, I transfer the appropriate amount
  from the parent account to the child funds. At the end, the balance in
  the parent fund should be 0.

  The accounts for the funds show the share balance while the parent
  fund (in the main window) shows the dollar balance for the entire
  plan. Works well.

--
Bill Wohler <wohler at newt.com>  http://www.newt.com/wohler/  GnuPG ID:610BD9AD
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