1004. This week, Laura explains how to identify and fix overcontributions to your 401(k), IRA, and HSA. You’ll learn the specific deadlines for 2026 to remove excess funds penalty-free and how to handle the tricky tax paperwork that follows.
In This Episode:
The Cost of Mistakes: Why IRAs and HSAs carry a 6% annual penalty for excess funds, and how 401(k) errors can lead to double taxation.
2026 Contribution Limits: The max limits for workplace plans ($24,500), IRAs ($7,500), and HSAs ($4,400–$8,750), including catch-up rules for those over 50 and 60.
Common Pitfalls: How switching jobs, receiving year-end bonuses, or earning too much for a Roth IRA can trigger an accidental overcontribution.
The Correction Timeline: Why April 15 is a hard deadline for workplace plans, while IRAs and HSAs offer flexibility until October 15 with an extension.
New 2026 Rules: What high earners (making over $150k) need to know about the new mandatory Roth catch-up contributions.
Step-by-Step Fixes: How to work with your account custodian to calculate earnings (or losses) and file the correct tax forms (1099-R, 1099-SA).
In this episode , Mary Katharine Ham and Vic Matus cover the Oscars, the bright spots and the political commentary, Iran strikes and "taking Cuba", jihadist attacks in the U.S., one of which exemplifies the uselessness of gun control laws, and the continuing leftward lurch of the state of Virginia under alleged moderate Abigail Spanberger. Plus, Paul Ehrlich critique!
The Inattention Economy: How Women of Color Built the Internet (U Minnesota Press, 2026) by Dr. Lisa Nakamura challenges the widespread myth that the internet was born from the labor of a handful of white male entrepreneurs, recovering the uncredited and unpaid contributions of women of color. Focusing on three key inflection points in computing—the microchip era of the 1960s and ’70s, the rise of social media in the 2000s, and A.I.-fueled virtual reality in the 2020s—Dr. Nakamura illuminates these women’s instrumental roles in building new technologies and making them coherent to users.
From the Navajo women who manufactured the first semiconductor circuits in New Mexico to Tila Tequila, the queer Vietnamese American refugee who became the first true internet influencer in the MySpace age, to Black virtual reality creators, Dr. Nakamura highlights how women’s gendered and racialized identities have uniquely positioned them to mediate the development and proliferation of new technologies. She exposes how these women have been structurally excluded from racial capitalism’s benefits while their labor is considered as exploitable and inexhaustible as that of machines. Confronting this injustice, she focuses our attention on their work, which undergirds and makes possible the platforms ingrained in our daily lives.
Arguing for both recognition and material compensation for these women’s labor, The Inattention Economy is a powerful counterhistory of Silicon Valley and a persuasive call to imagine a different kind of internet.
This interview was conducted by Dr. Miranda Melcher whose book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. You can find Miranda’s interviews on New Books with Miranda Melcher, wherever you get your podcasts.
Joe Kent – someone you’ve probably never heard of – made huge news on Tuesday. He was the director of the National Counterterrorism Center – until he posted a resignation letter on Twitter. In it, Kent wrote directly to President Trump: “I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.” This is the first major defection from the administration over the war – and it might not be the last. For more on Kent’s letter and what it means for the MAGA Right, we spoke with Jonathan Lemire. He’s a staff writer at The Atlantic and co-host of Morning Joe on MSNOW.
**Content Warning** This episode includes discussions of sexual assault, which may be distressing for some listeners. Please listen with care.
On this episode of the Hayek Program Podcast, David Schmidtz delivers a keynote lecture at the 2024 Markets & Society conference on the idea of self-governance. Drawing on examples from economics, moral philosophy, and higher education, Schmidtz argues that rational choice is less about optimization and more about choosing the frameworks within which decisions become meaningful. He examines the parallels between individual and corporate self-governance, the role of mission statements as “compasses” rather than formulas, and the dangers of over-specialization in academia. Along the way, he reflects on truth-seeking, academic freedom, moral education, and the human need for purposiveness, ultimately challenging universities to cultivate enduring capacities rather than narrow skill sets.
Dr. David Schmidtz is Professor and Presidential Chair of Moral Science at West Virginia University’s Chambers College of Business & Economics, Distinguished Affiliated Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, and Editor-in-Chief of Social Philosophy & Policy. He has published numerous books, including Living Together: Inventing Moral Science (Oxford University Press, 2023), A Brief History of Liberty (Wiley Blackwell, 2011) coauthored with Jason Brennan, and his leading textbook Environmental Ethics What Really Matters, What Really Works (Oxford University Press, 2024) co-edited with Dan Shahar is now in its fourth edition.
**This episode was recorded October 13, 2024.
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Dander enemies. Gluten intolerances. Runny noses. Shellfish bummers. Skin prick tests. Epipen pockets. Allergies? WE GOT ‘EM, folks. And we’ve got double board-certified allergist, immunologist, and author of the New York Times Bestseller “All About Allergies” Dr. Zachary Rubin. The Doc takes a quick break from his many demanding jobs to let me pepper him with questions about sneezing, allergy shots, Benadryl naps, home testing vs. office visits, oral challenges, unfriendly fruits, street tree sexism, and so much more. We’ve been itching to do this one for a while, so get it in your system ASAP.
Cara Bastone says she wanted to write a book filled with miscommunications that couldn’t be solved with a quick conversation. In her novel No Matter What, Roz and Vin navigate a changing relationship after the couple endures a traumatic accident. In today’s episode, Bastone speaks with NPR’s Juana Summers about developing characters who look like “normal people,” writing her husband into her work, and why there are so many contemporary novels about separation and divorce.
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It’s really hard to estimate the total cost of war in the middle of one. Over the first six days of the Iran war, an estimated $11.3 billion was charged to the public purse. But long-term costs take years to manifest. Even daily costs are fuzzy. Take munitions: the Department of Defense hasn’t budgeted for many of the bombs it's dropping. One more time. The bombs – the bombs! – are not totally priced in.
On today’s show, estimating the cost of the Iran war right now. And how healthcare, disability benefits, environmental costs and interest payments could add to its future price tag.
Come see Planet Money live on stage in April! Twelve cities. Details and tix here: https://tix.to/pm-book-tour.
The new food pyramid was released earlier this year. It emphasizes protein, full-fat dairy and what Health and Human Services Secretary Robert F. Kennedy Jr. calls “healthy fats.” These guidelines influence the standards for school lunches, food labeling and programs like SNAP. Today on the show, Short Wave co-host Emily Kwong chats with registered dietitian nutritionist Shana Spence, and Dr. Sarah Kim, a diabetes specialist, about the new guidelines. Plus, NPR’s Reflect America fellow Kadin Mills unpacks how the new food pyramid could change school lunch trays.
