Tracking a 401K investment

[Alun Champion]

I have multiple current/previous retirement/pension accounts.
Where I have choice over the distribution of funds I create a Bank account
which holds various funds (stocks), where I don't have the choice I just
create a mutual fund asset account which holds a single fund (stock).
Updating the value (Price Editor) of the underlying funds on a periodic
basis (statement) tracks the unrealised value of the retirement account.
Dividends are recorded as income:dividends:<asset account>


On 17 December 2015 at 13:54, Gary Holtum <diamondhranchqh at earthlink.net>
wrote:

> Changes in 401K value is not income until you draw it out. Then it becomes
> taxable income.
> Gary
>
>
> -----Original Message-----
> From: gnucash-user
> [mailto:gnucash-user-bounces+diamondhranchqh=earthlink.net at gnucash.org] On
> Behalf Of Joseph Hesse
> Sent: Monday, December 14, 2015 1:32 PM
> To: gnucash-user at gnucash.org
> Subject: Tracking a 401K investment
>
> Hi,
>
> I have a 401K account from my previous employer from which I receive
> monthly
> statements indicating whether the amount goes up or down. I am thinking of
> tracking it in the following way
>
> Create Asset:401K and Income:401K
>
> I start Asset:401K with the current value from Equity:Opening Balance.
> If it increases in value, according to my monthly statement, I treat it as
> positive income in Income:401K.  if it decreases in value, I still use
> Income:401K but treat it as negative income.
>
> Is this scheme just a matter of my personal preference or should I do
> something else, like having decreases in value going to Expenses:401K?
>
> Thank you,
> Joe
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