HapiMoney

Retirement Calculators are Risky

Image via Wikipedia MarketWatch just came out with an interesting article analyzing twelve different retirement calculators (courtesy of the Society of Actuaries) and came to the conclusion that they all, in short, sucked. Here are the reasons they listed as the short comings: Longevity- In other words, how long will you live. Average age is [...]

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MIT Independent Activities Period- Financial Planning

MIT is offering a series of classes this January for those of you in Cambridge who are interested in learning more about financial planning.  Here’s an aggregated list: Basics of Investing Paul Gunning, Planning and Guidance Consultant, Fidelity Investments Wed Jan 6, 12-01:00pm, W20-306 Tue Jan 12, 12-01:00pm, W20-407 Tue Jan 19, 12-01:00pm, W20-306 No [...]

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How much cash do you need? 6 months worth.

Image by Lab2112 via Flickr A question that people often come across is how much cash to keep on hand (not literally on hand, obviously. Put it  in the bank).  The short answer is 6 months worth of expenses + the value of any large expected cash purchases within that time frame. If you spend [...]

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