Tracking funds in a 401k

[Bradford R. Bowman]

On Sat, 2005-09-17 at 08:10 -0400, Fred Frigerio wrote:
> Then when you get paid you have a split
>        Expenses:Taxes:Federal                                            
>        Expenses:Taxes:Soc Sec
>        Expenses:Taxes:Medicare
>        Expenses:Insurance:Life Insurance
>        Expenses: whatever other deductions
>        Assets:Current Assests:Direct Deposit Account
>        Assets:Investments:Retirement:403b:Employee
>        Assets:Investments:Retirement:403b:Employer
>        Income:Salary
>        Income:Matching 403b
> 
> Then you just need to do a transaction for the funds purchase in the 
> 403b account.

Ok, so you are doing a two step process.  One transfer from the salary
transaction to the 403b, then a transfer of the two 403b contributions
into the separate funds?  I guess the advantage of that is that you can
easily apply the employer contribution cap.  

Is the employer match properly treated as income? I recall reading a
comment on the list from a recent search where it was suggested that it
should be treated as coming from an equity type account. It is
compensation, but not taxable for income tax purposes.

Thanks for your suggestions.  This is all slowly starting to make
sense.  




-- 
Bradford R. Bowman
GnuPG Public Key available at:
http://mazirian.com/


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