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Old 11-22-2007, 03:50 AM
Chris Cowles
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Default Re: Entering 401(k) vs. Roth 401(k) Contributions-reason to differenti

"northwoods24" <northwoods24[at]discussions.microsoft.com> wrote in
message news:E17CCD02-3BAC-4F94-8F1A-B5B013EEC76E[at]microsoft.com...
- quote -

> I have a 401(k) account that I've been tracking in Money for about 8
> years.
> My employer recently offered the Roth 401(k), and I have recently
> switched
> all of me new contribuitions to the Roth 401(k). Is there any way,
> or maybe
> the more important question is any "reason", to indicate which
> contributions
> are to the regular 401(k) and which are to the Roth 401(k)? On my
> statements, all contribuitions appear to go into the same account,
> i.e., are
> not separated out by type.



Yes. The 401k is taxable on withdrawal and the Roth is taxable on
contribution, no? If not kept distinct, how will you track the
difference? It definitely would affect your lifetime plan, if you use
that.

I suggest you post your question in the misc.invest.financial-plan
newsgroup. Respondents there are more likely to address the real
question of separation, not a question of how to record it in Money.
--
Chris Cowles
Gainesville, FL


 
Old 11-21-2007, 05:05 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: Entering 401(k) vs. Roth 401(k) Contributions-reason to differenti

In microsoft.public.money, northwoods24 wrote:

- quote -

> I have a 401(k) account that I've been tracking in Money for about 8 years.
> My employer recently offered the Roth 401(k), and I have recently switched
> all of me new contribuitions to the Roth 401(k). Is there any way, or maybe
> the more important question is any "reason", to indicate which contributions
> are to the regular 401(k) and which are to the Roth 401(k)? On my
> statements, all contribuitions appear to go into the same account, i.e., are
> not separated out by type.


I would separate them by account. I have to think that the
administrator separates them by account.

There may be several reasons, but the one that comes to mind is to
know which assets are tax exempt vs the ones that are only tax
deferred. Money itself is not going to really distinguish between
the types tho.
  #-1  
Old 11-21-2007, 04:57 PM
northwoods24
Guest
 
Posts: n/a
Default Entering 401(k) vs. Roth 401(k) Contributions-reason to differenti

I have a 401(k) account that I've been tracking in Money for about 8 years.
My employer recently offered the Roth 401(k), and I have recently switched
all of me new contribuitions to the Roth 401(k). Is there any way, or maybe
the more important question is any "reason", to indicate which contributions
are to the regular 401(k) and which are to the Roth 401(k)? On my
statements, all contribuitions appear to go into the same account, i.e., are
not separated out by type.
 

Tags
401k, contributionsreason, differenti, entering, roth
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