NQ Immediate Annuity & Payouts

[John Gallagher]

I recently obtained an immediate annuity with non-qualified funds (i.e. post
tax). I would like to track it somehow. Here are the problems I must
address:

1. How do I show the annuity? Do I create a security for it at $1 a share or
something?
2. How do I handle the fact that a payout is partially a return on principal
and the other part is taxable?
3. Do I show a declining balance or number of shares after a payout?
4. The money goes automatically to my checking account. How do I do the
above and still make a transfer of funds - or do I just do a separate
transaction in the checking account?

Thanks for any help.

[Jeff M]

On Nov 20, 10:28 am, "John Gallagher" <jgallaghe...@hotmail.com>
wrote:

I'm not sure if this is the best way, but I would treat it as an
income source and create a paycheck. In the paycheck, you can
establish the pre-tax and post-tax and create the automatic transfer
to your checking. I would not treat it as an investment because
(unless your is different) an annuity has no value other than the
stream of income...you can't cash it in.

Hope this helps.

Jeff

[John Gallagher]

How do I show pre- and post-tax income in a paycheck? What categories would
I use for this?

I agree that the money invested has no value other than the income stream
but I have been told that for tax purposes part is considered a return on
investment (post-tax) and part is interest income (pre-tax). Neither
category can be used in a paycheck.

JohnG

"Jeff M" <jam...@gmail.com> wrote in message
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