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June 17, 2024
Demo: See Everything That Carry has to Offer

Your Behind the Scenes Look at Carry New to Carry or just curious? We put together this short demo and product walkthrough to help you see how Carry can simplify your finances and tax savings as a business owner. We’ll cover everything from setting up your account to advanced tax strategies that you can do in a [...]

May 17, 2024
Vanguard Exits Solo 401(k) Market: Here’s How to Roll Over Your Funds to Carry

If you’re a Vanguard customer with an individual 401(k) / i401(k), you might be feeling a bit lost right now. But don’t worry, this guide will break down everything you need to know about Vanguard’s departure from the solo 401(k) space, plus a detailed, step-by-step guide on how to rollover your funds to another provider like Carry. [...]

overfunded 401k
February 14, 2024
How To Fix Overcontributions To Your 401k

OVERVIEW Overcontributions to a 401k are called “excess deferrals” and must be fixed asap. If you correct the error before April 15 the following year, there are no penalties. Instead, the money gets returned to you, and gets added back to your taxable income in a new W-2 form. If you correct the error too late (after April [...]

lost 401k found
February 14, 2024
How To Find A Lost 401k Plan (3 Methods That Work)

If you forgot about an old 401k plan, you’re not alone. According to a study by Capitalize, there were over 25 million lost 401k accounts totalling $1.35 trillion in value in 2021. Finding a lost 401k account is actually quite easy. In most cases, it’ll be right where you left it – at your old company. [...]

mega backdoor roth
February 7, 2024
The Mega Backdoor Roth Explained

OVERVIEW What is the mega backdoor Roth? It’s a strategy for people with regular 401k plans that allows them to put more money into a Roth retirement account (like a Roth IRA or Roth 401k) than the regular contribution limits. How much more in 2023? In 2023, the contribution limit for a Roth IRA is $6,500 ($7,500 if you’re [...]

401k limits deadlines
January 22, 2024
401k Contribution Limits & Deadlines For 2023 & 2024

OVERVIEW 401k contribution limit for 2023: The 401k contribution limit for 2023 is $66,000 ($73,500 if you’ll be at least 50 years of age by December 31, 2023). Employees are allowed to contribute up to 100% of their income up to $22,500 ($30,500 if 50 years of age or older). 401k contribution limit for 2024: The 401k contribution limit [...]

rmd table
January 16, 2024
IRA And 401k RMD Table For 2023 & 2024

To calculate your 2023 and 2024 required minimum distributions for your IRA or 401k, use the RMD table below and follow the steps. .wpj-jtoc.--jtoc-theme-basic-light.--jtoc-has-custom-styles { [...]

companies with highest 401k match
January 16, 2024
35 Companies With The Highest 401k Employer Match In 2024

Own a side hustle on top of your day job? Open a solo 401k plan online in under 10 minutes – 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 [...]

average 401k match
January 16, 2024
What Is The Average 401k Employer Match For 2024?

OVERVIEW What is a 401k employer match? In a 401k employer match, your employer will make matching contributions to your 401k account, up to a certain percentage of your salary. What is the average 401k employer match? The average 401k employer match in 2024 is between 4% and 6% of compensation. The most common structure is 50% partial match [...]