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Do Employer Contributions Count Toward Your 401(k) Limit?
Employer contributions count toward your $72,000 total 401(k) limit for 2026, not your separate $24,500 employee deferral cap. Key Takeaways The 2026 employee elective deferral […]
Do You Have to Report Roth IRA Contributions on Your Taxes?
You generally do not report Roth IRA contributions on your tax return, because they are made with after-tax dollars, earn no deduction, and have no […]
How Long Does a Roth Conversion Take? Timing and Processing
A Roth conversion at the same custodian can post the same day, while a conversion that first moves money between institutions runs one to three […]
TSP for Military Members: The Blended Retirement System and Matching
The military TSP matches your contributions under the Blended Retirement System, adding an automatic 1% of basic pay plus up to 4% more, so contributing […]
Average Roth IRA Balance by Age: Benchmarks and Context
The average Roth IRA balance by age rises from about $7,242 in the early twenties to $134,039 for savers 70 and older, per IRS tax […]
How to Open a Solo 401(k) When You Have No Employer
A self-employed worker can open a 401(k) without an employer by setting up a solo 401(k), acting as both employee and employer, with an elective […]
Backdoor Roth vs Mega Backdoor Roth: Which One and When
Backdoor Roth vs mega backdoor Roth comes down to size: the backdoor Roth moves $7,500 ($8,600 at age 50 or older) through an IRA, while […]
Can You Have a 401(k) and an IRA at the Same Time?
You can have a 401(k) and an IRA in the same year, and the 2026 contribution limits are separate, so maxing one does not reduce […]
Can You Lose Money in a Roth IRA?
Yes, you can lose money in a Roth IRA, because the account holds market investments that rise and fall; the tax-free wrapper protects your future […]
Inherited HSA Rules: What Happens to an HSA When You Die
An inherited HSA is fully tax-free only when a spouse is the named beneficiary, because the account becomes the survivor’s own HSA; any non-spouse beneficiary […]