Daily logs for Oct 5, 2026

Written by: Tushar Sharma

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Roth IRA

What's a Roth IRA? First, let's understand a traditional IRA. It is a retirement account where contributions may be tax-deductible, but withdrawals are taxed. With a Roth IRA, you contribute post-tax money, so qualified withdrawals are tax-free.

For a qualified withdrawal:

The Roth IRA must be at least five years old.
You must be at least 59½ years old, with some exceptions.

For 2026, the contribution limit is $7,500 per year ($8,600 if you are 50 or older). Source: IRS

For married couples filing jointly, direct contributions phase out between $242K and $252K of MAGI. Above $252K, you may consider a backdoor Roth IRA.

Let's use Schwab as a brokerage account example:

Open a traditional IRA. In Schwab, it may appear as a contributory IRA.
Transfer cash from a regular brokerage account to the traditional IRA and select 2026 as the contribution year.
Open a Roth IRA.
Go to Move Money → Online Transfer, select the traditional IRA as the source, and choose Roth conversion.

A Roth conversion can have tax consequences, especially if you already hold pre-tax IRA funds.

Solana

Every time you write to Solana, you get a transaction hash (tranx). A tranx by itself doesn't mean it has been published to Solana.

You can use a public RPC endpoint:

            POST https://api.devnet.solana.com
{
  "jsonrpc": "2.0",
  "id": 1,
  "method": "getSignatureStatuses",
  "params": [
    [""],
    { "searchTransactionHistory": true }
  ]
}

          

It gives the following response:

            {
  "jsonrpc": "2.0",
  "result": {
    "context": {
      "apiVersion": "4.4.0-beta.0",
      "slot": 507761455
    },
    "value": [
      {
        "confirmationStatus": "finalized"
      }
    ]
  }
}

          

The confirmation status can be finalized, confirmed, or processed.