Carry Learning Center

Imagine stepping into your first day of retirement confident in the lifestyle you’ve planned. Retirement planners generally agree that the next 10 years is a prime window to solidify your financial footing. Beginning your plan today, 10 years before you retire, gives you space to grow savings, adapt to market changes, and refine withdrawal strategies. Over [...]

Divorce doesn’t just separate two people. It can also affect shared finances, including retirement savings. If you’re self-employed and have a Solo 401k, you might be wondering what happens to that account when a marriage ends. Even if the plan is under your name, the assets inside may still be considered shared. That means your former [...]

Looking for new ways to grow your Solo 401k beyond the stock market? Promissory notes may offer a potential source of fixed income while keeping your retirement plan tax-advantaged. With the right setup, your Solo 401k can invest in private lending deals backed by written agreements and interest payments.  This guide explains how investing in promissory notes [...]

Looking to keep more of your pass-through business earnings? You may be eligible for a 20 percent Qualified Business Income (QBI) deduction under IRS Section 199A.  But here’s what many people overlook: while Solo 401k contributions offer valuable retirement benefits, they can also reduce your QBI—and with it, your deduction. Whether you contribute pre-tax or Roth [...]

Running your own business means juggling a lot of responsibilities—and retirement planning often takes the backseat. But the earlier you take action, the more flexibility and tax efficiency you may have later on. The good news? You don’t need to figure everything out at once. This 2025 retirement planning checklist offers clear, practical steps built for [...]

Setting up a Solo 401k is faster and more flexible than it used to be, especially with the rise of today’s online platforms. But if you’re self-employed and ready to open your plan, you may wonder: can you sign all the necessary documents electronically, or do you still need to print and mail them in? This [...]

When you open a Solo 401k, it’s easy to focus on contributions and investment choices. But there’s one critical detail many people skip: naming a beneficiary. This simple step could make a big difference later. If something happens to you, a clear beneficiary designation helps your funds go directly to the right person without delays [...]

If you work for yourself, you probably already wear many hats. Planning for retirement is one of them , but it’s not always clear where to start. The Solo 401k is one option that’s built specifically for business owners with no full-time employees.  It offers flexibility, potential tax benefits, and in many cases, higher contribution [...]

Many people leave their cash in checking accounts without a second thought. Yet, with inflation near 3 percent, that money may lose purchasing power.  Today’s high-yield savings accounts offer annual percentage yields (APYs) close to 5 percent. This could potentially earn hundreds more each year compared to a typical checking account. Treasury bills (T-bills) may deliver [...]