Personal Finance: Roth IRA, Backdoor Roth, & Mega-Backdoor Roth

[BamaNation]

WhiteCoatInvestor has updated his Solo401k / Roth /Backdoor Roth / Mega-Backdoor Roth / IRA info

Roth, Mega Backdoor Roth, Solo 401(k)s, and IRAs | White Coat Investor

Answering reader questions about the Mega Backdoor Roth, Roth conversions, solo 401(k)s, individual IRAs, and what to do with an inherited IRA. We also talk about whether the Robinhood 3% match is worth the switch.

www.whitecoatinvestor.com

 

[BamaNation]

IRS UPDATES: 2025 Limits for IRAs & 401ks

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 | Internal Revenue Service

IR-2024-285, Nov. 1, 2024 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

www.irs.gov