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  #4  
Old 12-08-2005, 04:49 AM
Chris Cowles
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Default Re: Retirement Anuity

"Michael J. Blazin" <mjblazin[at]swbell.net> wrote in message
news:s9Mlf.32375$tV6.22958[at]newssvr27.news.prodigy.net...
- quote -

> ...
> Account for the pension payments by self-calculating the income and
> inserting into the Lifetime planner.


I expected as much.


  #3  
Old 12-08-2005, 12:39 AM
Michael J. Blazin
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Default Re: Retirement Anuity

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.



  #2  
Old 12-07-2005, 11:03 PM
Chris Cowles
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Default Re: Retirement Anuity

"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
> 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.


  #1  
Old 12-07-2005, 08:07 PM
wdienst
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Default Re: Retirement Anuity



"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.

 
Old 12-07-2005, 02:06 AM
Chris Cowles
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Default Re: Retirement Anuity

"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
> 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.


  #-1  
Old 12-06-2005, 05:09 PM
wdienst
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Posts: n/a
Default Retirement Anuity

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.

 

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anuity, retirement
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