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#4
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| "Michael J. Blazin" <mjblazin[at]swbell.net> wrote in message news:s9Mlf.32375$tV6.22958[at]newssvr27.news.prodigy.net... - quote - > ...
I expected as much.> Account for the pension payments by self-calculating the income and > inserting into the Lifetime planner. |
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#3
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| This plan is not really an annuity. It's a classic defined benefit pension except the employer shifts part of the plan's cost to the employee. That money deducted from the paycheck is not the employee's; it's the property of the plan. You might almost track it like social security taxes; that's the model in use. Create a non-deductible tax (because that's what it amounts to) so it won't mess up your tax software. Account for the pension payments by self-calculating the income and inserting into the Lifetime planner. "Chris Cowles" <NoSpam[at]For.me> wrote in message news:OPbper4%23FHA.3064[at]TK2MSFTNGP10.phx.gbl... - quote - > "wdienst" <wdienst[at]discussions.microsoft.com> wrote in message > news:23531AD8-3FCE-4F55-A351-8C8A7C5F0899[at]microsoft.com... > > > The cash flow goes like this. I contribute a portion from my paycheck and > > my employer pays a larger amount. When I retire my anuity value is based > > on my highest 3 consecutive years of service times 1% times the number of > > years in service. > I can't think of any way to model that in Money's Lifetime Planner, except > for you to estimated income and enter that as 'Other income'. > Does it have any cash value before retirement? > In terms of modeling it in a paycheck, I'd simply record it as a transfer > to an off-budget account. Open a "bank" account and simply deposit it > there. > Perhaps other respondents may have a better idea. |
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#2
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| "wdienst" <wdienst[at]discussions.microsoft.com> wrote in message news:23531AD8-3FCE-4F55-A351-8C8A7C5F0899[at]microsoft.com... - quote - > The cash flow goes like this. I contribute a portion from my paycheck and
I can't think of any way to model that in Money's Lifetime Planner, except> my employer pays a larger amount. When I retire my anuity value is based > on my highest 3 consecutive years of service times 1% times the number of > years in service. for you to estimated income and enter that as 'Other income'. Does it have any cash value before retirement? In terms of modeling it in a paycheck, I'd simply record it as a transfer to an off-budget account. Open a "bank" account and simply deposit it there. Perhaps other respondents may have a better idea. |
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#1
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| "Chris Cowles" wrote: - quote - > "wdienst" <wdienst[at]discussions.microsoft.com> wrote in message > news:FB420573-B09F-4547-9EE4-5D11A1D3A2EE[at]microsoft.com... > > I am trying to get my paycheck set up in Money to account for a retirement > > anuity. I have looked at the options in the version of Money (2004) that I > > am > > using and have not come up with a good option. Is there a good way to > > account > > for a retirement anuity in Money and if so what is it. > Describe the cash flow of the annuity. > The cash flow goes like this. I contribute a portion from my paycheck and my employer pays a larger amount. When I retire my anuity value is based on my highest 3 consecutive years of service times 1% times the number of years in service. |
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| "wdienst" <wdienst[at]discussions.microsoft.com> wrote in message news:FB420573-B09F-4547-9EE4-5D11A1D3A2EE[at]microsoft.com... - quote - > I am trying to get my paycheck set up in Money to account for a retirement
Describe the cash flow of the annuity.> anuity. I have looked at the options in the version of Money (2004) that I > am > using and have not come up with a good option. Is there a good way to > account > for a retirement anuity in Money and if so what is it. |
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#-1
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| I am trying to get my paycheck set up in Money to account for a retirement anuity. I have looked at the options in the version of Money (2004) that I am using and have not come up with a good option. Is there a good way to account for a retirement anuity in Money and if so what is it. |
| Tags |
| anuity, retirement |
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