Retirement

Concerns about getting older
8 min read

Real Concerns About Getting Older—And How to Handle Them

8 min readAs we age, it's natural to encounter a mix of excitement and anxiety. From health issues and mental sharpness to financial security and social connections, acknowledging these 14 real concerns can empower us to navigate the journey of aging with informed confidence.Continue reading "Real Concerns About Getting Older—And How to Handle Them" →
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FangWallet Editors<span class="bp-verified-badge"></span> FangWallet Editors
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Elderly,Health,Retirement
8 min read
How to Legally Have Both a 401(k) and Roth IRA Without Exceeding IRS Limits - Verified by FangWallet
5 min read

How to Legally Have Both a 401(k) and Roth IRA Without Exceeding IRS Limits

5 min readYes, you can put money into both a 401(k) and a Roth IRA legally without breaking IRS rules. There are set rules and limits for each retirement account. The tax benefits vary between a 401(k) and a Roth IRA. A money advisor can give you advice based on your situation. It’s important to […]Continue reading "How to Legally Have Both a 401(k) and Roth IRA Without Exceeding IRS Limits" →
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Guides,Retirement
5 min read
what is a living trust vs will
8 min read

What Is a Living Trust vs. Will? Avoid Costly Estate Mistakes

8 min readEstate planning is crucial for managing assets and ensuring your wishes are honored. A will outlines asset distribution and guardianship for minor children after death. A living trust allows asset management during life and can bypass probate. Understanding estate tax implications is essential for maximizing inheritances. Consulting an estate planning attorney ensures a […]Continue reading "What Is a Living Trust vs. Will? Avoid Costly Estate Mistakes" →
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Guides,Legal,Retirement
8 min read
how to write a will in texas
5 min read

How to Write a Will in Texas: Do You Need a Lawyer?

5 min readA valid Texas will requires the signatures of two disinterested witnesses and, although not mandatory, should ideally be notarized. Texas law recognizes holographic wills, which are handwritten entirely by the testator, negating the need for witness signatures. To create a will, one must be at least 18 years old and of sound mind […]Continue reading "How to Write a Will in Texas: Do You Need a Lawyer?" →
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Elderly,Legal,Retirement
5 min read
Walkable neighborhoods pros and cons
7 min read

Walkable Neighborhoods Pros and Cons: Is It Worth the Hype?

7 min readLiving close to everything sounds perfect, but it often comes with unexpected drawbacks. Busy streets, constant noise, and limited privacy can turn a bustling location into a daily stressor. Sometimes, a little distance offers peace and tranquility.Continue reading "Walkable Neighborhoods Pros and Cons: Is It Worth the Hype?" →
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Elderly,Frugal Living,Legal,Retirement
7 min read
When to revise your will
8 min read

When to Revise Your Will: Don’t Wait Until It’s Too Late

8 min readLife is full of changes, and your will should reflect that. Consider revising it after major events like marriage, divorce, or the birth of a child. Even substantial shifts in finances or moves to a new state can necessitate updates. Stay proactive!Continue reading "When to Revise Your Will: Don’t Wait Until It’s Too Late" →
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Elderly,Legal,Retirement
8 min read
How to Prepare for the 401(k) Inheritance Process - Verified by FangWallet
4 min read

How to Prepare for the 401(k) Inheritance Process

4 min readUnderstanding the 401(k) inheritance process is crucial for both account holders and beneficiaries. Keeping beneficiary information up to date simplifies the inheritance process and helps avoid probate. A surviving spouse has multiple options for an inherited 401(k.), including rolling it into their own account, transferring it to an Inherited IRA, or taking a […]Continue reading "How to Prepare for the 401(k) Inheritance Process" →
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Elderly,Guides,Retirement
4 min read
What Are OASDI Contributions and Why Do They Matter? - Verified by FangWallet
4 min read

What Are OASDI Contributions and Why Do They Matter?

4 min readOASDI contributions fund the Social Security program, which provides retirement, disability, and survivor benefits. Employees and employers pay into OASDI through payroll taxes, while self-employed individuals pay both portions. The amount paid is based on a percentage of earnings, with an annual wage base limit. Understanding OASDI is crucial for financial planning, ensuring […]Continue reading "What Are OASDI Contributions and Why Do They Matter?" →
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Retirement,Guides,Insurance,Personal
4 min read
Strategies to Optimize Backdoor Roth IRA Contributions - Verified by FangWallet
4 min read

Strategies to Optimize Backdoor Roth IRA Contributions

4 min readA backdoor Roth IRA is a legal strategy allowing high earners to contribute to a Roth IRA despite income limits. This involves contributing to a traditional IRA and then converting it to a Roth IRA. This method allows for tax-free growth and withdrawals in retirement. Understanding tax rules, especially the Pro-Rata Rule, is […]Continue reading "Strategies to Optimize Backdoor Roth IRA Contributions" →
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Retirement,Investing,Personal
4 min read
how long does term life insurance last
5 min read

How Long Does Term Life Insurance Last: Your Guide to Coverage

5 min readTerm life insurance protects you for a specific time. You choose the coverage amount and term length that fit your needs. Premiums are often low, especially for younger people. If the insured person dies during the term, the death benefits go to the beneficiaries. When your term life insurance policy ends, you can […]Continue reading "How Long Does Term Life Insurance Last: Your Guide to Coverage" →
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Insurance,Personal,Retirement
5 min read
should i rollover my 401k
4 min read

Should I Rollover My 401(k): What Happens if You Don’t?

4 min readWhen you switch jobs, you have several options for your 401(k): keep it with your old employer, transfer it to your new employer’s plan, or roll it over into an IRA. A direct rollover is often the best choice, as it allows you to move your 401(k) money without paying taxes. Cashing out […]Continue reading "Should I Rollover My 401(k): What Happens if You Don’t?" →
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Investing,Opinion,Personal,Retirement
4 min read
trust and estate planning attorney
4 min read

Trust and Estate Planning Attorney: A Key Partner in Your Legacy

4 min readEstate planning helps manage and distribute your assets during life and after death, ensuring your wishes are honored. An estate planning attorney assists in creating a personalized plan tailored to your needs. components include wills, trusts, and powers of attorney, which safeguard your assets and guide healthcare decisions. Effective planning reduces family […]Continue reading "Trust and Estate Planning Attorney: A Key Partner in Your Legacy" →
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Guides,Legal,Opinion,Retirement
4 min read

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