Individual Retirement Accounts (IRAs)

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Chapters in this video

  1. 0:00 2026 IRA contribution baseline and spousal rules
  2. 2:09 Traditional IRA deductibility phase-outs and RMDs
  3. 4:10 Roth IRA tax treatment and income limits
  4. 5:07 Traditional vs. Roth side-by-side showdown
  5. 6:01 Backdoor Roth strategy and the pro-rata blender
  6. 7:46 Rapid-fire exam recap

What this video covers

  • The 2026 combined contribution limit of $7,500 ($8,600 age 50+) across all Traditional and Roth individual retirement accounts (IRAs), plus the earned-income and spousal IRA rules
  • Why Traditional IRA contribution eligibility never phases out, but deductibility does phase out based on modified adjusted gross income (MAGI) and workplace plan coverage
  • The 2026 deductibility phase-out ranges for single, married filing jointly (MFJ), and married filing separately (MFS) filers with a workplace plan
  • How Roth IRA direct contributions phase out by MAGI, while Roth conversions have no income limits at all
  • The five requirements for qualified Roth distributions to be completely tax-free, and why original Roth owners face no required minimum distributions (RMDs)
  • How the backdoor Roth strategy works step by step, and why the pro-rata rule treats all IRA money like a blended smoothie
  • Why substantially equal periodic payment (SEPP/72(t)) modifications trigger retroactive 10% penalties plus interest on all prior distributions

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