Articles by Carry

A Roth IRA or Traditional IRA allows individuals with earned income during a tax year to make contributions into their accounts.  A spousal IRA is a Traditional or Roth IRA that allows a married couple to contribute to an IRA for a spouse who has little or no income, as long as the couple files a [...]

Most people are aware of the Traditional and Roth IRAs since they’re the most popular and most accessible retirement plan out there. Any individual with earned income can make contributions to a Traditional or Roth IRA at any age. While the Roth IRA does come with income limits, there’s still an easy workaround, called the [...]

When you’re no longer eligible to participate in a workplace retirement plan, like a 401k or 403b, one of the ways you can preserve the tax-deferred status of your assets and maintain the potential for tax-free growth is to rollover your funds to a rollover IRA. A rollover IRA is a type of IRA that allows [...]

When you contribute to a 401k or 403b retirement plan, you can choose whether they’re pre-tax contributions or post-tax contributions. If you choose pre-tax deferrals, your contributions get deducted from your taxable income. You get to pay less taxes the year you contribute, but you’ll have to pay taxes when you withdraw from your account [...]

BASIC WITHDRAWAL RULES OF A ROTH 401K To withdraw from a Roth 401k, you must be at least 59½ years old and your Roth 401k account must be at least 5 years old. Early withdrawals are subject to a 10% penalty, plus income taxes. Withdrawals from a Roth 401k are prorated between contributions and earnings. If your account [...]

A Roth IRA is an individual retirement account that could be a powerful vehicle to save for your retirement. Contributions are made with post-tax income (money you’ve already paid income taxes on), but your withdrawals in retirement are completely tax-free, no matter how large the gains. A Roth IRA is also one of the most accessible [...]

Download the 0-1 Visa Webinar Replay Enter your email below for the private replay link. hbspt.forms.create({ [...]

Looking to open a Solo 401k plan? Get started today with just a few clicks – The Carry Solo 401k Plan is a featured-packed self-directed account that lets you invest in both traditional and alternative assets, take out a loan, or do a Mega Backdoor Roth conversion with a few clicks. A 401k is an employer-sponsored [...]

The amount of business taxes that you’ll have to pay at the end of each year largely depends on the business entity you operate under. If you’re a corporation, you’ll have to pay the corporate tax rate, which is 21% for 2025. Businesses that are not incorporated (also known as pass through entities) are taxed at [...]