How should I enter my long term care policy?

tilklem
tilklem Quicken Windows 2017 Member ✭✭

How do I enter my long term care policy in Quicken?

Best Answer

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    What value does it have NOW? If you input that potential future value, you'd be distorting your current Net Worth.

    I'd just input the premiums as an expense, and put a Post-It note on my monitor with the info in my desk about possible future value, which might not materialize.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • tilklem
    tilklem Quicken Windows 2017 Member ✭✭

    Right now I'm paying the premiums. But I want to track the possible future value when/if I need to use it.

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    What value does it have NOW? If you input that potential future value, you'd be distorting your current Net Worth.

    I'd just input the premiums as an expense, and put a Post-It note on my monitor with the info in my desk about possible future value, which might not materialize.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • tilklem
    tilklem Quicken Windows 2017 Member ✭✭

    Good plan - thanks!

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