The 60-day rollover window is the only chance to move money between accounts with no tax and no penalty

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A traditional IRA deduction phases out once you have a workplace plan and cross the income threshold Changing jobs mid-year can leave you running two 401(k) accounts and paying two sets of recordkeeping fees What to do with an old 401(k) from a job you left five years ago Backdoor Roth contributions are legal but the pro-rata rule taxes the conversion if you still hold a traditional IRA A solo 401(k) stacks employee deferrals and employer profit sharing on the same self-employment income A SIMPLE IRA has a lower contribution ceiling and requires either a match or a nonelective employer contribution Auto-escalation raises the deferral rate one point a year and most participants never revisit the setting A 401(k) loan is repaid with after-tax dollars into an account that will be taxed again on withdrawal Plan fees are two separate numbers: recordkeeping charges taken from the account and the expense ratios inside each fund The IRA limit is per person so a spouse with no earned income needs a spousal IRA to contribute at all