⍾ Content Disclosure: No communication by The Vibes Company Inc.
("TVC"), or any of its affiliates (collectively, "Carry"), through
this website or any other medium, should be construed or is intended
to be a recommendation to purchase, sell or hold any security or
otherwise to be investment, tax, financial, accounting, legal,
regulatory or compliance advice. Any material provided is for
information purposes only, and is not intended as a recommendation,
offer, or solicitation to open a brokerage account, open a retirement
plan, engage an investment advisor or engage in any investment
strategy. The accounts, strategies and/or investments discussed in
this material may not be suitable for all investors. The
appropriateness of a particular account or investment strategy will
depend on an investor's individual circumstances and objectives.
⍏ Most Powerful Account Suitability: A Solo 401(k)'s suitability
depends on individual circumstances. This statement reflects our
opinion based on the Solo 401(k)'s combination of high contribution
limits, investment flexibility, and tax advantages for eligible
individuals. "Most powerful" in this context refers to the potential
for high contributions and tax-advantaged growth, not guaranteed
performance. The actual benefits and suitability of a Solo 401(k) vary
significantly based on individual circumstances, including income
level, age, and financial goals. Other retirement accounts may be more
appropriate in certain situations. This claim is not intended to imply
superiority for all individuals or circumstances. Qualified financial
and tax professionals should be consulted to determine the most
suitable retirement strategy for your unique situation.
⎏ Solo401(k) Eligibility Disclaimer: Eligibility for a Solo 401(k) is
subject to specific IRS requirements. Not all business owners or
individuals with side income will qualify. The maximum contribution
limit of $69,000 (or $76,500 for those age 50 and over) for 2023 is
not universally applicable and depends on factors such as your earned
income, age, and specific plan details. Please consult with a tax
professional to determine your eligibility. Tax deductions and growth
are subject to IRS rules and regulations. Withdrawals from traditional
401(k) accounts are generally taxed as ordinary income when
distributed. Borrowing from your 401(k) may have significant tax
consequences and could impact your retirement savings. Loans must be
repaid according to IRS guidelines. Individual Plan administrators are
responsible for ongoing compliance of all plans on Carry's platform.
⎑ IRA Eligibility Disclaimer: Eligibility, deductibility, and
contribution limits for Traditional and Roth IRAs depend on IRS rules,
income, and retirement plan participation. Traditional IRA withdrawals
are generally taxed as ordinary income, while qualified Roth IRA
distributions are tax-free. Early withdrawals may incur penalties.
Traditional IRAs have Required Minimum Distributions; Roth IRAs do
not. Advanced strategies like backdoor Roth and mega backdoor Roth
conversions may be available but have specific rules and potential tax
implications. Contribution limits, rules, and available strategies are
subject to change. Individuals are responsible for the ongoing
compliance of their plans with current IRS regulations. Consult a tax
professional for personalized advice on basic and advanced IRA
strategies. Carry does not provide tax or legal counsel.
⍚ Investment Options: While Solo 401(k) and IRA plans may offer
diverse investment options, including alternative assets, certain
restrictions may apply. Some investments may be prohibited or result
in penalties. Individual Plan administrators are responsible for
ongoing compliance of all plans with Carry.
⍜ Risk and Returns: All investments involve the risk of loss, and past
performance does not guarantee future results. Investment growth or
profit is never a guarantee. Any material provided is for
informational purposes only and does not provide personalized
investment or tax advice, nor does it account for your specific
financial situation or holdings elsewhere. Investments in alternative
assets are speculative, generally illiquid and involve a higher degree
of risk. Those investors who cannot afford to lose their entire
investment should not invest in alternative assets. Before making any
financial decisions, consult with qualified legal, tax, or financial
advisors to ensure appropriateness for your individual circumstances.
⍟ Testimonials: Unless otherwise noted, statements regarding
individuals' experiences with Carry were made by customers who, at the
time of their statements, did not receive any cash, non-cash
compensation, or other benefits in exchange for their feedback. These
results and experiences may not reflect those of all Carry customers
and do not guarantee future performance or success.
† Carry Advisors: Investment advisory services offered by Carry
Advisors LLC ("Carry Advisors"), an SEC Registered Investment Adviser.
While Carry Advisors internet-based advisory services are designed to
assist clients in achieving customer defined financial goals, asset
allocations and diversification do not guarantee a profit or protect
against a loss, and past performance is no guarantee of future
results. Carry Advisors does not provide tax advice. For more details,
see our Form CRS, Form ADV Part 2 and other disclosures.
⑄ Customer Relationship: To open an Invest Account and/or receive
advisory services from Carry Advisors, clients must also maintain an
active subscription with The Vibes Company Inc. ("TVC"), which charges
a subscription fee. Carry Advisors clients who subscribe to TVC are
not charged an AUM (Assets Under Management) fee for advisory services
provided through the Carry platform.
⑂ TVC: TVC is an unregistered affiliate that provides financial
technology solutions, general financial education, and assistance with
Solo 401(k) setup and administration. TVC does not offer financial,
legal or tax advice. Customers who open a Solo 401(k) through TVC but
choose to invest through other providers outside the Carry platform
may incur AUM or other fees from those providers.
* Banking Services: Carry is a financial technology company, not a
bank or FDIC-insured depository institution. Banking and depository
services for Carry Solo401k accounts are offered by Grasshopper Bank,
N.A., member FDIC. Accounts offered by Grasshopper Bank, N.A. are FDIC
insured up to $250,000 per account but do not yield interest. Fees
effective as per the date on the applicable rate sheet and subject to
change without notice. Banking fee schedule here. Grasshopper Bank, N.A. is not affiliated with Carry and accounts
offered by Grasshopper Bank, N.A. are not serviced by Carry Advisors.
‡ Brokerage, Clearing and Custody Services: Certain in-app brokerage
accounts are offered and maintained by DriveWealth LLC
("DriveWealth"), member FINRA/SIPC. Securities in your DriveWealth
brokerage account are protected by the Securities Investor Protection
Corporation (SIPC) against custodial loss up to $500,000, including a
$250,000 limit for cash.
§ IRA plans: IRA plans are offered by DriveWealth, LLC and opened via
the Carry platform. Additional fees may apply to certain services
provided by DriveWealth. See DriveWealth Fee Schedule and DriveWealth's Disclosure Statement
for more information.
⎒ Brokerage Cash Yield: Cash balances in your DriveWealth brokerage
accounts, when deposited through their Bank Sweep Deposit Program are
swept in FDIC-insured deposit accounts at one or more participating
Program Banks. These cash balances are FDIC insured up to $250,000 per
depositor, per FDIC-insured bank, per ownership category. Please note,
this FDIC insurance applies only to the cash held in your DriveWealth
brokerage account and does not cover any securities or other
investments.
This Bank Sweep Deposit Program may provide interest on your cash
balances. The advertised Annual Percentage Yield (APY) of 5.1393% APY
is current as of October 1, 2024 and is subject to change without
prior notice. The APY represents the total amount of interest earned
on an account based on the interest rate and frequency of compounding
for a 365-day period. For the most up-to-date rate, please visit our
website or contact us at support@carry.com. For more information, please refer to DriveWealth's Disclosure Statement.
¶ Self Directed IRAs: Self-Directed IRAs (SDIRA) are offered through
American Estate & Trust, Inc. ("AET"), a licensed custodian for
retirement accounts. AET administers these accounts on a custodial
basis and does not provide investment advice, endorsement, or
recommendation of any investment options available within the IRA. All
decisions regarding investments are made by the account holder and are
subject to IRS rules and regulations. Accounts offered by AET are not
serviced by Carry Advisors.
** Crypto: Alternative Investing into Crypto is solely available for
Carry Self-Directed IRA accounts held with AET. Additional fees may
apply for crypto transactions made via AET.
◊ Financial Planning: General financial planning, custom financial
plans and "Message Planner" services are provided by an non-affiliated
third party, Ontrail, Inc., doing business as "Uprise". Please note
that Ontrail, Inc. is not a registered investment adviser, and as
such, the planning services will not involve discussions concerning
securities allocation strategies, or any other customized advice
pertaining to securities. See Additional terms. Additional fees may apply for Uprise planning services.
