How should I enter my long term care policy?
How do I enter my long term care policy in Quicken?
Best Answer
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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 VP0
Answers
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Right now I'm paying the premiums. But I want to track the possible future value when/if I need to use it.
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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 VP0 -
Good plan - thanks!
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