If your IRA is invested in an annuity that credits daily interest, How do you set it up?

niftyk

There are no shares or ticker symbols.

John_M

I would just put in the balance as of your most recent statement. Then whenever you get a new statement, you can add the additional interest manually. There's really no need to add interest on a daily basis. Savings accounts don't download interest daily – they do it monthly, so this should be good enough for your annuity.

niftyk

Thank you! I’m just going to call the named annuity “Cash” instead of the fund they put it in that has no portfolio or ticker symbol or quote & credit interest monthly.

John_M

I would just put in the balance as of your most recent statement. Then whenever you get a new statement, you can add the additional interest manually. There's really no need to add interest on a daily basis. Savings accounts don't download interest daily – they do it monthly, so this should be good enough for your annuity.

niftyk

Thank you! I’m just going to call the named annuity “Cash” instead of the fund they put it in that has no portfolio or ticker symbol or quote & credit interest monthly.

niftyk

The download from brokerage company automatically set the fund up as a security which was not needed since there’s no actual security for Quicken to track.