Carry Learning Center

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 [...]

A Qualified Automatic Contribution Arrangement (QACA) is a type of 401k plan feature that automatically enrolls employees, helps them build retirement savings over time, and meets certain IRS requirements to avoid annual discrimination testing. It follows a set deferral schedule that typically starts at 3% of pay and increases each year until it reaches at [...]

Recessions are periods when economic activity slows for several months or longer. They are a normal part of the economic cycle. During these times, stock prices often decline, which may cause 401k account balances to drop — sometimes by 10% to 30% or more. If you are building your retirement savings or approaching retirement age, it [...]

Your 401k is meant to support your loved ones after you’re gone, but outdated or unclear beneficiary designations can lead to confusion, delays, or legal challenges. Understanding the rules around 401k beneficiaries helps ensure your account is passed on according to your wishes without unexpected tax issues or probate headaches.  (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,'zigqxnv3lldviytin3vg'); This guide explains the key [...]