Roth IRA Basics: Limits and Income Phaseouts

Roth IRA basics for 2026: contribution limits ($7,500 / $8,600 age 50+), MAGI income phase-outs, the five-year rule, ordering rules, and why there are no RMDs while the owner is alive — all from IRS federal sources. US focus, USD figures, 2026 tax year. --- CHAPTERS 0:00 Introduction & Promise — Roth IRA basics overview 0:14 Market & currency frame — US, USD, 2026 tax year 0:31 Scope & disclaimer — Educational only, IRS sources 0:54 What Is a Roth IRA? — After-tax, tax-free qualified withdrawals 1:34 2026 Contribution Limits — $7,500 / $8,600 age 50+ 2:34 Roth IRA Income Phase-Outs (2026) — MAGI gatekeeper 3:56 Backdoor Roth Context — Educational only, not a deep dive 4:42 Qualified Distributions & the Five-Year Rule 5:41 Non-Qualified Distributions — Ordering rules 6:27 Required Minimum Distributions — No RMDs while owner alive 7:09 Fit / Skip — Who this video is for 7:57 Compliance Close & Next Episode — 401(k) vs IRA --- SOURCES IRS: Retirement topics - IRA contribution limits — https://www.irs.gov/retirement-plans/... (retrieved 2026-10-03) IRS: Publication 590-A (Contributions to IRAs) — https://www.irs.gov/publications/p590a (retrieved 2026-10-03) IRS: IR-2025-111 — 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 — https://www.irs.gov/newsroom/401k-lim... (retrieved 2026-10-03) IRS: COLA increases for dollar limitations on benefits and contributions — https://www.irs.gov/retirement-plans/... (retrieved 2026-10-03) IRS: Roth acct in your retirement plan — qualified distribution definition — https://www.irs.gov/retirement-plans/... (retrieved 2026-10-03) IRS: Roth comparison chart — qualified distribution rules — https://www.irs.gov/retirement-plans/... (retrieved 2026-10-03) IRS: IRM 21.6.5 — Qualified distributions and five-year holding period — https://www.irs.gov/irm/part21/irm_21... (retrieved 2026-10-03) --- DISCLAIMER Educational content only — not tax, legal, or investment advice. Verify with CRA / IRS / ATO / HMRC or a licensed professional. Rules change by tax year.