Carry Learning Center

OVERVIEW File Form 5500-EZ if your plan assets exceed $250,000 or if you’re closing the plan Use Form 5558 to request more time—submit it before the July 31 deadline Keep detailed records for at least six years Double-check all final-year filings if you’re ending the plan A Solo 401k can be a powerful way for self-employed individuals and small-business owners [...]

Earning income as an influencer often means working without the safety net of traditional employer benefits. If your platform brings in money from brand deals, sponsorships, affiliate links, or digital products, and you operate independently, a Solo 401k might be one of the most effective ways to save for retirement. [...]

Wondering how Netflix supports your retirement goals through its 401k plan? If you’re a Netflix employee or considering a role there, understanding how the company’s 401k match works can be a smart move for your financial planning. With immediate vesting and a reputation for generous benefits, Netflix’s retirement plan stands out among major employers. [...]

Leaving a job brings big changes, including what to do with your 401k savings. If you’re switching careers, starting fresh, or moving to a new employer, it’s important to know your options. The choices you make now could affect your taxes and long-term savings. This guide covers what happens to your 401k after you leave a [...]

Estate planning often raises a crucial question: can you place your 401k into a trust that remains revocable, or must it be irrevocable? This decision can affect control, tax treatment, and how your loved ones receive benefits. Understanding the key differences between trust types helps explain why 401k accounts generally can’t be retitled into a revocable trust [...]

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 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 [...]