Carry

Unlock the Power of a Solo 401(k): The Best Retirement Account for Entrepreneurs & Side Hustlers One of the biggest perks of being self-employed or having a side hustle? Access to a Solo 401(k)—one of the most powerful retirement accounts in America. Here’s why it’s a game-changer: 1. The Highest Contribution Limits Contribute up to $69K this year ($70K next year)—and double it if you hire your spouse. Over 50? Add $7,500 more. Over 60 starting next year? Add $11K+! Offers employee contributions ($23K limit) and after-tax contributions—unlike a SEP IRA. 2. Freedom to Invest in (Almost) Anything Forget limited corporate 401(k) options. With a Solo 401(k), you can invest in stocks, ETFs, real estate, startups, or alternative assets. 3. Tax-Free Growth Your investments grow tax-free. Withdraw without tax if you make Roth contributions! 4. Mega Backdoor Roth IRA Support Contribute up to $69K/year to a Roth IRA through a Solo 401(k)—bypassing income limits. 5. Liquidity Through Loans Borrow up to $50K (or $100K with a spouse’s plan) from your Solo 401(k) for any reason—repay it with interest, right back into your account. 6. Combine with a Cash Balance Plan for High Earners If you make $300K+, you can combine this with a Cash Balance Plan for deductions up to $200K+. 7. $500 EACA Tax Credit for Setup Costs Set up your plan before December 31 and claim a $500/year tax credit for three years. 🎯 The 2024 Deadline is December 31 Join before the end of the year and get a free copy of The 5 Types of Wealth by Sahil Bloom delivered to your door. Questions? Let me know in the comments, or visit 👉 carry.com Take control of your retirement today! #solo401k

The December 31 deadline to set up a Solo 401k is almost here. 🗓️ It can feel like one more thing on your to-do list during an already busy time of year, but this small action (if you're a eligible business owner or side hustler) could potentially save you thousands in taxes. The best part? It’s easier than you think. After helping thousands of people set up their Solo 401ks, we’ve noticed a common theme—there’s a moment of relief when they realize just how simple the process is with Carry. Here’s why over 1,200+ customers trust us to manage their Solo 401k: - Hassle-free setup: No tedious PDF forms. Everything is digital, quick, and straightforward. - Maximize tax savings: Save up to $69,000 with a Solo 401k and take advantage of the $500/year EACA tax credit for your first 3 plan years on auto-contributions (it more than pays for Carry!). - Advanced strategies, made simple: Mega Backdoor Roth, loans, and alternative asset investing. And if you sign up before the end of the year, we’ll send you a physical copy of The 5 Types of Wealth by Sahil Bloom to kick off 2024 on the right foot. Don’t wait until the last minute to check this off your list—start today and get ahead before the holidays: carry.com P.S. This deadline applies to those who want a Solo401k for this year (2024) While the deadline to set up a Solo 401k for 2024 for most businesses is December 31—We recommend doing this by December 24 to give us time to handle any special situations, such as adding a spouse or modifying your contribution elections, before the end of the year. Have questions? Feel free to DM me—We're happy to help!

Whether you're thinking about joining Carry or just curious to learn what we're all about, this workshop is tailored just for you! Join us as we dive into all the ways Carry can simplify your financial journey and streamline tax processes. Here’s what we’ll cover: - A step-by-step guide on setting up your Carry account, with insights into the diverse account options available - Unlocking the full potential of your account through features such as our financial advisor, robo-advisor, and seamless auto-contribution setup - How to do complex tax-saving strategies (like a Mega Backdoor Roth) in clicks - And much more! There will be no replays, so attend live (and snag our special offer)!

Don’t let the year slip away without taking advantage of key tax-saving opportunities. In this live workshop, we’ll walk you through an actionable end-of-year tax checklist tailored for business owners, freelancers, and side hustlers. Learn the smart moves you can make now to reduce your tax bill and start the new year on the right foot. Whether you’re a pro at tax planning or just getting started, this session will ensure you’re prepared to save more and stress less. Can't attend live? Sign-up to get the replay.

Ready to save big on your 2024 taxes? Join our end of year tax strategies workshop happening tomorrow! We'll cover 7 proven, time-sensitive strategies to help you keep more of your hard-earned money before the year ends. https://lu.ma/3lno67pk

Do you know owning a small business is the best way to save money on taxes in America? It doesn't matter if you are a freelancing on the side, or own a venture-backed startup. Join Ankur Nagpal, the founder of Carry.com who will break down exactly how business owners and side hustlers can save money on their taxes in 2024. In this workshop, you'll discover: ‣ 7 powerful tax strategies tailored for business owners and side-hustlers to maximize deductions and reduce your tax burden ‣ A little-known tax-advantaged account that you could deduct up to $69,000 – are you taking advantage of it? ‣ How your business structure could be costing you in self-employment taxes, and potential alternatives to consider ‣ Live Q&A to get your burning questions answered ‣ And more! Can't make it live? Make sure to sign-up anyways as we'll be sending out a recording.

A Solo 401k is the most powerful retirement account in America. If you're self-employed, a small bussines owner, or a side hustlers, join our free live workshop to learn: - The key benefits and unique advantages of Solo 401(k)s, ideal for small business owners and self-employed individuals. - Discover how to maximize your retirement savings with tax benefits, high contribution limits, and investment flexibility. - Live Q&A. - And more. Can't attend live? Signup to get the replay. https://lu.ma/qmqszivc #solo401k #retirementaccount

Year-end tax planning isn’t just smart—it’s essential. Here are 5 strategic moves to make before Dec 31: 1️⃣ Offset gains with investment losses 2️⃣ Max out Solo 401(k)/IRA contributions 3️⃣ Donate cash/assets for deductions 4️⃣ Gift $18k/person tax-free 5️⃣ Revisit estimated tax payments Read this week's Independent Money Newsletter to take control of your finances: https://lnkd.in/eJcH-RDe

🚨 Black Friday Alert: Our Biggest Deal Ever! 🚨 For the first time ever, Carry is offering a 50% discount on our plans—yes, you read that right! This is a limited-time opportunity we’ve never done before and may never do again. Here’s the deal: - Sign up for a new Carry account by Friday at midnight - Use the code BLACKFRIDAY24 at checkout - Get 50% off your first invoice This could save you anywhere from $14.50 (Basic plan) to $249.50 (Pro Annual plan). 💸 What’s included with Carry? - Tax-advantaged accounts like Solo 401ks and IRAs - A seamless platform to invest in stocks, ETFs, and alternative assets - Support for strategies like the Mega Backdoor Roth IRA - 10+ premium courses on taxes and finances This deal ends Friday at midnight, so don’t wait! Sign up today: carry.com/black-friday Use code: BLACKFRIDAY24 Start saving smarter—your future self will thank you. 💼📈 #blackfriday #blackfridaydeal

10 tax advantages business owners have that regular 9-5ers never see: Because the biggest wealth gap in America isn't between the rich and poor... It's between business owners and everyone else. Quick heads up first: Don’t take candy from strangers, don’t take tax advice from them either. Get a tax professional & then talk to them before doing anything wild. Now, let’s get into it: 1. The "Write-Off Everything" Strategy Your W-2 friends can't deduct their iPhone bills. For you? Everything becomes a write-off. A $5K trip could become $3.5K after tax savings. 2. The $0 Exit Tax Hack (QSBS) Most people pay 20%+ when they sell investments. With QSBS, you pay $0 on up to $10M. The crazy part? Smart planning can multiply this to $20M, $30M, or $40M tax-free. 3. The Solo 401k Secret Regular folks get a tiny 401k. Business owners? You + spouse can each save $69K/year tax-free. This is how the rich retire wealthy. 4. S-Corp Salary Slash Making $100K+? Here's a tax hack that’ll blow your mind: Set up an S-Corp and split your income as salary and distributions to save on SE tax (15.3%!!). 5. The 20% Off Everything Trick (QBI) Imagine if everything your business earned was automatically 20% off... That's exactly what QBI does. At $100K income, you slash off $20K. 6. The Luxury Travel Hack Smart owners never pay for flights. Why? They put every business expense on rewards cards: software, advertising, contractors, office costs. Pro move: Transfer your points to airlines and get 3-5x value 7. State Tax Loophole The IRS caps state tax deductions at $10k. But they "forgot" to mention: Biz owners can deduct ALL state taxes using PTET. So if you live in a state with high taxes (e.g. NY or CA), this single tip could save you more than your car payment. 8. The Family Empire Builder Most parents give allowance. Smart business owners hire their kids and pay $0 tax on their first $13.5K, get a biz write-off, and start their Roth IRA early. 45 years of compound growth = $8M+ by age 60 9. The Six-Figure Tax Shelter If you make serious money ($500K+), pair a Solo 401k with a Cash Balance Plan. The result could be up to $300K tax-deferred annually. This is how doctors & lawyers build multi-million $ retirement accounts. 10. The Million-Dollar Mindset W-2 workers ask: "How can I save $1k?" Biz owners ask: "How can I make $100k?" The biggest tax advantage isn't a strategy. It's realizing the tax code is built to reward builders, not savers. Choose your game. 🚀 These 10 strategies are just the start. Want the full playbook that business owners use to save millions? I teamed up with Carry to create the ultimate tax guide for 2024. It's free (for now). Save it. Share it. Thank me later → https://lnkd.in/e2GBRZRZ