Account setup recommendations for 401(k)/403(b)

[Anthony Messina]

On Friday 16 November 2007 10:48:25 am Anthony Messina wrote:
> I was wondering if any of you long-time gnucash users could give me some
> advice on how to best set up accounts for employer-sponsored retirement
> accounts like a 401(k) or a 403(b) where both me (and spouse) and our
> respective employers contribute?  I'm considering the following scenarios:
>
> **Scenario A:**
> The cash payments from myself (or my spouse) and our employers go into the
> respective "Assets:Retirement:403(b) Cash (Me)" or
> "Assets:Retirement:401(k) Cash (Spouse)" accounts.
>
> When fund/stock purchases are made, they would come out of the
> respective "Assets:Retirement:403(b) Cash (Me)" or
> "Assets:Retirement:401(k) Cash (Spouse)" accounts and into the proper
> fund/stock.
>
> Assets -- Placeholder
> -Retirement -- Placeholder
> --403(b) Cash (Me)
> --401(k) Cash (Spouse)
>
> Investments -- Placeholder
> -Retirement --Placeholder
> --403(b) (Me) -- Placeholder
> ---Mutual Fund -- Placeholder
> ----Fund 1
> ----Fund 2
> ---Stocks -- Placeholder
> ----Stock 1
> ----Stock 2
> --401(k) (Spouse) -- Placeholder
> ---Mutual Fund -- Placeholder
> ----Fund 1
> ----Fund 2
> ---Stocks -- Placeholder
> ----Stock 1
> ----Stock 2
>
>
> **Scenario B:**
> The cash payments from myself (or my spouse) and our employers go into the
> respective "Investments:Retirement:403(b) (Me)"
> or "Investments:Retirement:401(k) (Spouse)" accounts.
>
> When fund/stock purchases are made, they would come out of the
> respective "Investments:Retirement:403(b) (Me)"
> or "Investments:Retirement:401(k) (Spouse)" accounts and into the proper
> fund/stock.
>
> Investments -- Placeholder
> -Retirement --Placeholder
> --403(b) (Me)
> ---Mutual Fund -- Placeholder
> ----Fund 1
> ----Fund 2
> ---Stocks -- Placeholder
> ----Stock 1
> ----Stock 2
> --401(k) (Spouse)
> ---Mutual Fund -- Placeholder
> ----Fund 1
> ----Fund 2
> ---Stocks -- Placeholder
> ----Stock 1
> ----Stock 2
>
> Currently, I am using Scenario B, simply because I was "getting to know"
> gnucash.  However, I am thinking that Scenario A would be a better way to
> organize this?
>
> Thank you for any guidance you can give.

Any guidance on this?  My wife got a new job, so I'd like to "start off right" 
if possible.  Thanks.

-- 
Anthony -  http://messinet.com - http://messinet.com/~amessina/gallery
8F89 5E72 8DF0 BCF0 10BE 9967 92DC 35DC B001 4A4E
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