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At my last employer, they set up an employer-only contributed IRA. The =
IRA is really a Money Market account that just accrues interest and has =
no funds associated with it. Tax wise though it is seen as an IRA as no =
taxes are paid on it until I withdraw the funds. What kind of account =
should I set this up as in Money? I currently have it as an investment =
account and just input the interest as Other Income on the cash side of =
the investment. Any ideas on how to accurately track this kind of =
account would be appreciated.
Thanks,
The Merg
--
The Merg's Freeware Co.
http://www.themerg.net
http://www.themerg.com
Today's problems don't worry me,
I haven't solved yesterday's yet.
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<DIV><FONT face=3DArial size=3D2>At my last employer, they set up an =
employer-only=20
contributed IRA. The IRA is really a Money Market account that just =
accrues=20
interest and has no funds associated with it. Tax wise though it is seen =
as an=20
IRA as no taxes are paid on it until I withdraw the funds. What kind of =
account=20
should I set this up as in Money? I currently have it as an investment =
account=20
and just input the interest as Other Income on the cash side of the =
investment.=20
Any ideas on how to accurately track this kind of account would be=20
appreciated.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>The Merg</FONT></DIV>
<DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><B style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 9pt; FONT-FAMILY: Arial">--<BR>The <SPAN=20
class=3DSpellE>Merg=92s</SPAN> Freeware Co.<BR></SPAN></B><SPAN=20
style=3D"FONT-SIZE: 9pt; FONT-FAMILY: Arial"><A=20
href=3D"http://www.themerg.net">http://www.themerg.net</A><BR><A=20
href=3D"http://www.themerg.com">http://www.themerg.com</A><?xml:namespace=
prefix =3D=20
o ns =3D "urn:schemas-microsoft-com:office:office" =
/><o:p></o:p></SPAN></P>
<P class=3DMsoNormal><I style=3D"mso-bidi-font-style: normal"><SPAN=20
style=3D"FONT-SIZE: 9pt; FONT-FAMILY: Arial">Today=92s problems don=92t =
worry me,<BR>I=20
haven=92t solved yesterday=92s=20
yet.<o:p></o:p></SPAN></I></P></DIV></DIV></BODY></HTML>
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