Cal Learner-- MVP <via_newsgroup[at]please.tnx> wrote on 28 Dec 2007 in
group microsoft.public.money:

- quote -

Thanks for the quick reply. I recorded sells of the securities, then
recorded the payment on the cash side since that's the way we do other
fees. I tried using the OtherExpense technique, but it wasn't intuitive.

Thanks for the help.

--
Steve B.
New Life Home Improvement

In microsoft.public.money, Steve wrote:

- quote -

I don't know if it is the best way, but the way one would handle an
IRA charging a fee would be either to

o enter a Payment in the Cash Transactions register, and sell an
amount of holdings to pay for, and balance out, the expense

o enter OtherExpense in the Investment Transactions register and
sell an amount of holdings to pay for the expense. This one will
associate the expense with a particular security so that it can be
taken into account for figuring performance.

Either of these two ways are probably appropriate. You probably
already know that annuities are often over-promoted.

I have an annuity with an associated spousal benefit rider. The annual fee
was just deducted, and I don't know how to record it in Money 2007. The
annuity has an associated cash account, but it's never been used, and the
balance is zero.

The statement from Ameriprise shows this charge as a reduction in the
value of the annuity. What's the best way to record this in Money?