Investing for a 29-Year-Old
Roth IRA direct contributions phase out between $150,000 and $165,000 (single filers) and between $236,000 and $246,000 (married filing jointly) in 2026. If income reaches these levels at 29, this may be the last year for direct contributions. Use the Backdoor Roth strategy once income exceeds the phase-out ceiling. The 401(k) employee contribution limit remains $23,500 for 2026.
End-of-decade review checklist: emergency fund covers 3-to-6 months of expenses; 401(k) captures full employer match; Roth IRA fully funded or Backdoor Roth in place; beneficiary designations verified on all accounts; term life insurance in place if dependents exist; high-interest debt cleared. The 30s bring higher stakes decisions on mortgages, children, and career shifts; entering that decade with these foundations in place gives you flexibility.