Carry Learning Center

Imagine setting aside just $100 in a Solo 401k and checking back in 10 or 20 years to see what it might be worth. That small investment could grow, thanks to compound interest and tax-deferred earnings. If you’re exploring Solo 401k options or already contributing, this guide explains how long-term growth typically works, what outcomes are [...]

Freelance writing can feel like a whirlwind of deadlines, revisions, and pitching new ideas. Unlike traditional desk jobs, most writers rely on self-employment income without the benefit of an employer-sponsored retirement plan. If you’re running your writing business solo, a Solo 401k could be your ticket to building a strong retirement nest egg while keeping full [...]

Looking back at how Solo 401k contribution limits have changed over time can offer more than just trivia. It can give you practical insight for planning today.  A Solo 401k is built for self-employed individuals and their spouses, with no other employees. It’s a flexible way to save, but the contribution limits have shifted a lot [...]

Thinking of bringing your engineering skills to the U.S.? If you’re highly accomplished in your field, the O-1 visa might be worth exploring.  Unlike the H-1B, it’s not subject to a lottery. It’s designed for individuals with a proven track record of exceptional work. That could include engineers with patents, publications, or leadership roles in high-impact [...]

Thinking about closing your self-directed Solo 401k? It’s a decision that can arise in a number of situations, especially as your business or personal circumstances evolve. A self-directed Solo 401k offers self-employed individuals greater control and higher potential contribution limits, but it also comes with specific IRS eligibility rules.  If you retire, close your business, or hire [...]

Balancing creative work with financial planning can be a challenge for self-employed graphic designers.  Unlike traditional employees, freelancers typically don’t have access to employer-sponsored retirement plans. However, a Solo 401k may provide an effective way to save for retirement while potentially lowering taxable income.  This article explores the eligibility requirements, benefits, and key considerations of a Solo [...]

If you run a small business, hiring your kids can be a smart financial move for the whole family. Not only are their wages generally tax-deductible for your business, but it’s also a great way to teach them responsibility and help them start saving early.  But if you have a Solo 401k, you might wonder: Will [...]

Are you a software engineer working for yourself? Whether you freelance, consult, or run your own business, planning for retirement is just as important as managing your workload. One potential option for self-employed individuals is the Solo 401k.  This article explains how the plan works, who qualifies, and how much you may be able to contribute [...]

If you’re self-employed and using a Solo 401k to save for retirement, you may be wondering — can you actually trade stocks within the plan?  The short answer: Yes. But there are important tax rules and compliance issues to understand before placing your first trade.  This article is designed to help Solo 401k holders understand how stock [...]