Carry Learning Center

Choosing the right retirement plan can feel overwhelming, especially if you’re self-employed and want more control over your savings. MySolo401k positions itself as an option for those who value flexibility, investment choices, and an online-first setup. This review covers how the plan works in 2025, what it may offer, where it has limitations, and how it [...]

The Internal Revenue Service announced significant increases to retirement account contribution limits for 2026, providing Americans with greater opportunities to save for their future. The annual 401k contribution limit will rise to $24,500, up from $23,500 in 2025, while IRA contribution limits will increase to $7,500 from $7,000. These adjustments, detailed in IRS Notice 2025-67, reflect [...]

Investing a Solo 401k in a certificate of deposit (CD) combines retirement savings with a conservative banking product. For self-employed individuals, CDs may provide steady earnings and reduced exposure to market swings. By locking in a fixed rate and knowing the maturity date, they can serve as a cautious part of a broader retirement plan. (function(d,u,ac){var [...]

Are you a self-employed plumber looking for a way to save more for retirement and lower your taxes? Many independent tradespeople wonder if a Solo 401k could be the right fit. The good news is that plumbers who operate their own businesses or work as independent contractors are typically eligible to open one. (function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,239363,'ckhizz00xjzup7eks4ph'); A Solo [...]

Running your own business often means balancing daily operations with long-term financial security. Retirement planning can easily take a back seat, yet the Solo 401k provider you choose could shape how flexible, cost-effective, and efficient your plan becomes. This review takes a closer look at Nabers Group’s Solo 401k in 2025. You’ll learn what the plan [...]

The IRS has significantly expanded its free email newsletter offerings, now providing over 20 specialized subscription options to help taxpayers stay current on tax law changes, filing requirements, and important updates. These e-News subscriptions cover everything from basic tax tips to specialized guidance for business owners, tax professionals, and specific industries affected by recent legislation. The [...]

Choosing the right Solo 401k provider matters when you want more control over your retirement savings. RocketDollar is one option that has gained attention for its focus on investment flexibility and its simplified approach to account management. In this 2025 review, we’ll cover RocketDollar’s Solo 401k features, benefits, and pricing. You’ll also see who the plan [...]

Starting a Solo 401k is a big step toward building your retirement savings. The next challenge is keeping your plan compliant with IRS rules. That means knowing which tax forms apply and when they’re due. Even a small oversight could lead to avoidable penalties, so it’s worth learning the basics before filing season arrives.  In this [...]

The IRS announced penalty relief for employers struggling to comply with new reporting requirements for cash tips and overtime pay under recently enacted federal legislation. For the 2025 tax year, employers will not face penalties for failing to separately report cash tips, employee occupations, or qualified overtime compensation on tax forms. This transition period recognizes that [...]