How do I setup an annuity account?

waterview35

I want to reduce the overall balance as monthly retirement distributions are received.

Quicken Carlos

Hi @waterview35,

Thank you for contacting Quicken Support!

There are two ways to set up an annuity account in Quicken for Mac.

Here is how you can add the account:

• Click the “+” sign in the upper-left corner to add an account.
• Select Offline Accounts.
  
• Choose the option that best fits how you want to manage your finances:
  • To track only the value of an annuity, use an Asset account.
  • To track both value and performance, use an Investment account. Creating a new investment account will allow you to report on income, capital gains, and performance.
    

For more detailed guidance, please refer to our support article: https://www.quicken.com/support/tracking-annuity-or-other-assets-fluctuating-value/

I hope this helps!