401k Account setup suggestins

[John Reynolds]

On Thu, 30 Jan 2003 15:46:07 -0800, "Bill Wohler" <wohler at newt.com> said:
> "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>  

I second what Bill says... as that is what I do, and I have not had any
problems.

John