What are the 2026 401(k) contribution limits?

$23,000 employee contribution + $7,500 catch-up (age 50+) = $30,500 max. Employer match is on top, with a $69,000 combined limit.

What's the difference between a Roth and Traditional IRA?

Traditional: contributions are pre-tax (lower tax bill now), withdrawals are taxed at retirement. Roth: contributions are post-tax (no immediate break), withdrawals are tax-free. Roth is usually better if you expect higher tax rates in retirement than today.

Can I do both a 401(k) and an IRA?

Yes. The $23,000 401(k) limit is separate from the $7,500 IRA limit. You can max both for up to $30,500 in tax-advantaged retirement saving in 2026.

What's a backdoor Roth IRA?

A workaround for high earners locked out of direct Roth contributions ($240k+ income joint). You contribute to a Traditional IRA (no income limit on contributions), then convert it to a Roth. Tax-free growth, no income cap.

How does the Mega Backdoor Roth work?

If your 401(k) plan allows after-tax contributions and in-service distributions, you can contribute up to $46,000 in after-tax money beyond the $23,000 pre-tax limit, then roll it to a Roth IRA. Total potential Roth space: $54,000+/year.

When can I withdraw from my 401(k) penalty-free?

Age 59½ for standard withdrawals. Earlier with the Rule of 55 (separate from your job at 55+), 72(t) SEPP (substantially equal periodic payments), or QDRO (divorce). Roth IRA contributions are always withdrawable penalty-free.

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2026 Retirement Contribution Limits

$23,500

401(k) Limit

Employee contribution

$7,000

IRA Limit

Under 50

$7,500

401(k) Catch-Up

Age 50+

$1,000

IRA Catch-Up

Age 50+

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