HapiMoney

Mapping Your Financial Infrastructure (Guest Post)

Today’s guest post has been provided by Alan Perlman. Alan is a travel blogger, and also an economist for a cost-of-living firm based in Cambridge, MA. You can find him online @alanperlman. Mapping your financial infrastructure is a mundane task. It’s not exciting. It’s not likely to save you big bucks. Instead, it’s the sort [...]

Continue reading...

What’s the difference between a 401k and a Roth IRA

Image by urban_data via Flickr The only difference between these two retirement vehicles is when you get taxed. A 401k allows you to contribute money pre-tax to an account (say when you are 30 years old), and the only time you get taxed is when you retire (say at 62 years old). All capital gains [...]

Continue reading...

How much do you need to retire

Image via Wikipedia There are a lot of different ways to do this, and a variety of different results will come because of it. Personally, I choose to stick to more conservative methodologies, but you can be as aggressive as you like. Here’s how I calculate the amount you need to retire: 1. Figure out [...]

Continue reading...

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 [...]

Continue reading...