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How should I enter my long term care policy?

tilklem

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

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Accepted answers

NotACPA

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.

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tilklem

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

NotACPA

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.

tilklem

Good plan - thanks!