Carry Learning Center

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 [...]

Opening your first 401k is a big step toward building your retirement savings. The decisions you make in the early days can set the tone for how your account grows over time. You don’t need advanced investing skills to get started. What matters most is making a few smart choices right away. This guide covers practical [...]

Giving through your retirement savings can be a rewarding way to support causes you care about, while also unlocking potential tax benefits — if it’s done correctly. The most common tax-friendly method, the Qualified Charitable Distribution (QCD), is available only through IRAs, not directly from Solo 401k plans.  That doesn’t mean Solo 401k owners are out [...]

Looking for ways to maximize your retirement savings?  If you are a technology consultant and operate your own consulting business without full-time employees, a Solo 401k might be an excellent fit. Solo 401ks provide self-employed professionals with higher contribution limits and tax benefits compared to many other retirement plans. This can be especially useful for technology consultants [...]

Are you a general contractor managing your own business and looking for a smarter way to save for retirement? If you’re self-employed without full-time employees (other than a spouse, if applicable), a Solo 401k might be a valuable retirement savings option for you. (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'); Solo 401ks offer higher contribution limits than many other retirement accounts and [...]

Are you working as an independent contractor and looking for a way to save more for retirement while lowering your tax bill? If you don’t have any full-time employees and report self-employment income, a Solo 401k could offer a flexible and tax-efficient solution. (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'); This type of retirement plan is designed specifically for individuals who run [...]

Are you a self-employed landscaper looking for ways to save for retirement and reduce your taxes? If you run your own landscaping business without any full-time employees (other than possibly your spouse), a Solo 401k might be worth looking into. (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'); This retirement plan was designed for individuals who are both the owner and the only [...]

Thinking about adding crypto to your retirement portfolio? If you’re self-employed or run a small business, a Solo 401k could offer a way to invest in digital assets while potentially gaining tax benefits. This type of retirement plan is known for its high contribution limits, flexible investment options, and checkbook control features, making it appealing to [...]

In a Solo 401k, two roles keep your plan running smoothly and legally: the trustee and the custodian. The trustee is generally responsible for making investment decisions and managing distributions, while the custodian focuses on keeping accurate records and holding the plan’s assets securely.  Understanding how they differ matters because each one affects how your retirement [...]