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

[David T.]

The way I have set my wife's 401(k) is like your version B. I don't see why A
would be righter. I would suggest that you remember to create appropriate
income accounts for each fund, so that you can reconcile each statement, as
well as match them to year-end statements. I have:
Income:Dividend:TaxFree:FundA [etc.]

Please keep in mind that I am not much of an expert on this stuff.

David

--- Anthony Messina <amessina at messinet.com> wrote:

> 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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