2026 is a big year for IRAs. New rules for traditional and Roth IRAs could mean more savings in your retirement accounts. Contribution limits are up, income limits are higher, and for the first time ever, catch-up contributions are increasing for people 50 and over. On this episode of Money Unscripted, host Ally Donnelly and Fidelity’s Vice President of Retirement Offerings Rita Assaf break down what’s changing, why it matters, and how to make the most of these new opportunities. 00:00 What are the contribu ...

Retirement Account Contributions - For 2025, contribution limits are $23,500 for employees under 50, $31,000 for those 50 and older, and $34,750 for those 60 to 63 [2] - Many individuals save approximately 9% of their income towards retirement, including both employee and company contributions [3] - Increasing retirement savings contributions can lower taxable income for 2025 [3] Affordable Care Act (ACA) & Health Savings Account (HSA) - Enhanced advanced premium tax credits may disappear, potentially increasing premiums for those above 150% of the federal poverty line [6] - When choosing an ACA plan, prioritize the network of doctors over the premium cost [7] - HSA limits are $4,300 for individuals and $8,550 for families [8] - HSAs are designed for long-term healthcare savings, similar to an IRA, and should be invested for growth, such as in an S&P 500 index fund [8][9]

Retirement Planning - 401(k) plans are the most popular retirement option for private-sector employees [1] - The document provides information on how 401(k) plans work and contribution limits [1]

Retirement Planning - The 401(k) plan is the most popular retirement option for private-sector employees [1] - The document provides information on how 401(k) plans work and contribution limits for the current year [1]