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Ankur NagpalMarch 31, 2025
Best Solo 401k Brokerages in 2025

If you’re self-employed, a freelancer, or run your own small business, a Solo 401k can boost your retirement savings and offer you high contribution limits plus flexible investment choices. Choosing the right brokerage makes all the difference when you want to secure your future. We select our top brokerages by looking at: Fees and overall cost structure Investment [...]

Ankur NagpalJanuary 15, 2025
401k Nondiscrimination Testing Explained

📝 The government requires companies offering 401k plans to keep things fair for all employees. This ensures that highly paid employees (like executives) don’t get much better retirement benefits than regular employees. Each year, companies must run tests to prove that the retirement benefits and contributions are relatively equal between these two groups of employees:  Highly compensated [...]

rollover ira to solo 401k
IRA
Ankur NagpalJanuary 15, 2025
Can I Rollover An IRA To A Solo 401k?

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. An IRA is a tax-deferred retirement [...]

5 year rule
Ankur NagpalJanuary 15, 2025
The 5-Year Rule Of A Roth IRA, Roth 401k, And Roth Solo 401k

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. Roth retirement accounts have a [...]

self directed solo 401k
Ankur NagpalJanuary 15, 2025
The Self-Directed Solo 401k Explained

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. The IRS lets you invest [...]

what is 401k
Ankur NagpalJanuary 15, 2025
What Is A 401k? How It Works And Basic Rules

401K OVERVIEW & FAQ What is a 401k? A 401k is an employer-sponsored retirement account. If your company offers a 401k, you can automatically deposit a portion of your paycheck into your plan, where it gets invested with tax-free compounding until retirement. What is the contribution limit of a 401k? $23,000 for 2024 and $23,500 for 2025. If you’re [...]

what is roth 401k
Ankur NagpalJanuary 15, 2025
What Is A Roth 401k (Roth Vs Traditional 401k)

The employer-sponsored 401k plan comes in two different account types: Traditional and Roth. The main difference between them is when and how they get taxed. Traditional 401k contributions give you tax benefits when you contribute money into your plan. Roth 401k contributions give you tax benefits when you withdraw money from your plan. Here’s everything you [...]