Yah. Trying to balance the cash account results in bringing up the, to put
it nicely, brain-damaged retirement account update wizard--ha!--instead of
the balance account wizard.

As to "contributions" vs. "cash" these are just default names. You can
rename them--even though the place to do so is pretty craftily hidden.

"Jeff M" <jamacq[at]gmail.com> wrote in message
news:1134930196.495411.125430[at]g47g2000cwa.googlegroups.com...
- quote -

I'm curious as to what benefit is derived by not labeling as
"retirement". If the account is "retirement" you still have cash
transactions, they are just labeled "contributions" instead of "cash".
Is there something different about the cash transactions in a
"retirement" account?

Jeff

Michael Gordon, MVP wrote:
- quote -

Good catch, Jeff. A lot of folks avoid the issue by just labelling the
account as "tax deferred" and not as "retirement" because they prefer the
ability to reconcile the cash side which that provides.

--
Michael Gordon
MVP


"Jeff M" <jamacq[at]gmail.com> wrote in message
news:1133101234.593011.38200[at]g44g2000cwa.googlegroups.com...
- quote -

"Jeff M" <jamacq[at]gmail.com> wrote in message
news:1133101234.593011.38200[at]g44g2000cwa.googlegroups.com...
- quote -

Have you played with the 'Employer Matching' part? What is the effect?

Bob: I found the problem and found a fix. Recommend someone else
confirm this in 2005 and 2006 and consider adding to your FAQ. There
is apparently a bug but I found a workaround that solves it.

This problem only occurs with retirement accounts created under older
versions of Money and converted to Money 2006 (someone else will need
to confirm 2005). It does not occur if you create a new Retirement
Account within Money 2006.

If you go to account settings for a retirement account (or any
account), there is a checkbox listing of 7 items that can be checked.

-Favorite account
-This account has been closed
-Retirement account
-Tax deferred
-Track cash transactions
-Make this account my MSN stock list

However, if you have "Retirement account" checked, a new button appears
"Employer Matching" that replaces the "Tax deferred" item in the above
list.

The problem I was having was that accounts that were checked as
Retirement accounts were still contributing to taxable capital gains in
the Tax Estimator.

What I found was that "Tax Deferred" in the checkbox list must be
checked. However, if you have "Retirement account" checked, you can't
see this selection.

The workaround is to uncheck "Retirement account", then check "Tax
Deferred" (if it is not already checked) and then recheck "Retirement
account". This fixes the problem and Tax Estimator no longer counts
any capital gains or dividends in the account.

In my case, these are old accounts that were created under older
versions of Money. I confirmed that this error does not occur when a
new retirement account is created (i.e. Money correctly checks both
"Retirement account" and "Tax Deferred".

Hope this helps someone else.

Jeff

It looks like it is actually calculating tax off the sales even though
they are in the retirement accounts. The totals match up in the
current tax year summary and the estimated tax appears to be consistent
with the total (incorrect) income.

I suspect that this problem was carried from 2005 since there were not
any changes to the Tax Estimator from 05 to 06 that I know of other
than fixing the old display problem.

My guess would be that Money is not correctly importing old retirement
accounts from the past versions.

If I get ambitious, I could confirm this by creating a new retirement
account and moving the transactions to the new account and see if that
fixes it.

Jeff

Dick Watson wrote:
- quote -

I'm not aware of this; but I don't have the case this year to try and find
it and I'm basically punting on M06. I can't say as it would surprise me.
Are you sure it is actually calculating taxes based on this--check the
summary at the end--or just showing them? (Not that the later is A Good
Thing.)

"Jeff M" <jamacq[at]gmail.com> wrote in message
news:1133051774.770226.175130[at]g43g2000cwa.googlegroups.com...
- quote -

The Tax Estimator in Money 2006 is showing capital gains for funds sold
in retirement accounts. I've checked the documentation and supposedly
if an account has "Retirement Account" checked in the account settings
any gains or losses should not be counted by the Tax Estimator.

I can't find any reference to this problem in the unofficial FAQ but
did find some references to this or a similar problem in older versions
of Money.

Has anyone found a solution to this problem?

Thanks.

Jeff