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

niftyk
niftyk Quicken Mac Subscription Member ✭✭
in Investing (Mac)
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  • John_M
    John_M Quicken Mac Subscription Member ✭✭✭✭
    Answer ✓
    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
    niftyk Quicken Mac Subscription Member ✭✭
    Answer ✓
    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.

Answers

  • John_M
    John_M Quicken Mac Subscription Member ✭✭✭✭
    Answer ✓
    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
    niftyk Quicken Mac Subscription Member ✭✭
    Answer ✓
    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
    niftyk Quicken Mac Subscription Member ✭✭
    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.
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