Chris Lopez is joined by Equity Trust’s John Bowens to close out 2025 and prep smart moves for 2026 using self-directed retirement accounts. John walks through contribution and conversion timelines for IRAs, Roth IRAs, HSAs, and Solo 401(k)s, explains the seven-day payroll rule for S- and C-corps, and shares practical strategies like spousal IRAs, backdoor Roths, staged Roth conversions over two tax years, and maximizing early-year compounding. The conversation also covers 2026 limit increases, Solo 401(k) employer vs employee buckets, and the Secure Act 2.0 tax credit for new plans.
Key Takeaways
- Roth conversions must post by Dec 31 for the current tax year
- Previous-year IRA and HSA contributions allowed until Apr 15 if not on extension
- Solo 401(k) employee deferrals for S- and C-corps must be deposited within seven days of payroll
- Sole proprietors can set up and fund a Solo 401(k) for the prior year by Apr 15
- Use spousal IRAs and backdoor Roths to maximize annual limits
- Stage conversions across two years to manage tax brackets while starting compounding sooner
Disclaimer
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