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Re: Employer Contribution Not Vested

  
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Subject Author Date
Re: Employer Contribution Not Vested Stewart Berman 07-02-2006
Posted by Stewart Berman on July 2, 2006, 7:59 pm
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 Unfortunately, that would great confuses the transaction download
function as it would find the account to be out of balance.


>Actually, what I'd do is only record the amount that IS vested in
>Quicken. That portion has an actual current value to you. The amounts
>NOT vested would presumably go away should you quit the company
>tomorrow ... thus they have no CURRENT value.
>
>You can record the vesting dates and quantities using future dated
>"Reminder transactions". On the appropriate date, you'd then record the
>actual shares into the account.
>
>db


Posted by danbrown on July 3, 2006, 11:30 am
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Stewart Berman wrote:
> Unfortunately, that would great confuses the transaction download
> function as it would find the account to be out of balance.
>
And if you show ownership of the unvested portion (i.e., the part that
you DON'T yet own), you're overstating your assets.

Not to mention that should you, for any reason, leave the company
before the vesting date, you'll need to go back and undo all of those
premature transactions.

Pick your poison.

db


Posted by Stewart Berman on July 3, 2006, 11:11 pm
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If I left the company before vesting the account would show a
withdrawal of the unvested portion. There aren't any transaction to
reverse.

I think the best way to show it would be to setup a loan account as
being the source instead of a contribution from the company. The loan
would offset the unvested dollar amount. Should I become vested I
would just change the source of the funds from the loan account to a
company contribution.

Stu


>
>Stewart Berman wrote:
>> Unfortunately, that would great confuses the transaction download
>> function as it would find the account to be out of balance.
>>
>And if you show ownership of the unvested portion (i.e., the part that
>you DON'T yet own), you're overstating your assets.
>
>Not to mention that should you, for any reason, leave the company
>before the vesting date, you'll need to go back and undo all of those
>premature transactions.
>
>Pick your poison.
>
>db


Posted by danbrown on July 4, 2006, 10:57 am
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And do you also record in Quicken the amount of Inheritances that you
MIGHT get in the future?

How about recording the salary that you THINK you deserve?

I would hope that the answer to both these questions is no ... because
they're as unreal & uncertain as your unvested balances.

You MIGHT get them ... but only time will tell. I wait until I own (or
have a current, legal right to claim) an asset before I record it.

db


Posted by Stewart Berman on July 4, 2006, 4:03 pm
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If I don't show the unvested amount in my retirement account the ROI
will be wrong and the earnings are vested.

Let say I have $40,000 vested and $20,000 not vested all of which is
invested in one mutual fund at the beginning of the year. The account
shows $60,000 in the mutual fund. If, at the end of the year the
mutual fund holding is now worth $66,000. The ROI is 10%. The
unvested portion is still $20,000.

What I need to do is to have a fixed offset of $20,000. By setting up
the loan account I create the $20,000 offset and my total assents are
correct. i wonder if I can setup a new retirement account with a
negative initial balance and label it "Unvested Assets". That would
be better than the loan account.


>And do you also record in Quicken the amount of Inheritances that you
>MIGHT get in the future?
>
>How about recording the salary that you THINK you deserve?
>
>I would hope that the answer to both these questions is no ... because
>they're as unreal & uncertain as your unvested balances.
>
>You MIGHT get them ... but only time will tell. I wait until I own (or
>have a current, legal right to claim) an asset before I record it.
>
>db


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