Carry is an all-in-one platform for tax-advantaged accounts, investments and strategy for business owners and high earning professionals. Use Carry to set up a Solo 401k, self-directed IRA, backdoor + mega backdoor IRA and more.
The idea for Carry came when I sold my last startup Teachable and realized I knew nothing about how the US tax code works.
It's super complicated (150,000 words are added every single year) -- but within the tax code are lots of opportunities to save money. But because these opportunities are so buried, most people never find them unless they hire expensive lawyers or consultants -- and thus, the vision for Carry was born. We help people optimize their net worth by saving money on taxes.
Today, we do it by letting people create all sorts of tax-advantaged accounts. Our flagship product is a Solo 401k that is the best retirement account for anyone self-employed. We also have IRA's that allow people to invest in regular stuff (stocks, ETF's etc.) or go fully self-directed and invest in alternative assets. We have other account types in beta like defined benefit plans, trusts & more -- and are launching HSA's soon.
We also invest a lot of time, effort and money in financial education -- we have free workshops all the time along with paid courses embedded in our product.
Would love any / all feedback!
@rrhoover Lots of fun ones!
1 - A lot of people never realized they could do a "mega backdoor Roth" and get ~$70K into a Roth account every single year. Obviously, this didn't save taxes today but should massively reduce their lifetime tax rate
2 - Solo 401k's were a big aha moment for business owners that were used to their employer 401k and didn't realize how much easier it was to max it out
3 - Our VIP service has helped a few people figure out the optimal W-2 salary to pay themselves to reduce self-employment taxes while also maximizing the QBI deduction
4 - Most people don't know how a defined benefit plan works but it's the grand daddy of retirement plan tax savings -- have seen it combined with a solo 401k for almost a ~$300K year 1 deduction
Nice idea. I like how you included courses and are out here trying to help business owners. My mentors all tell me to learn taxation because that's what the savvy owners do. I think you could do well bringing this to Canada too if this gets significant traction. Bravo!
@jonwesselink we'd love to launch in canada some day but so much of the tax code is nation specific that it will unfortunately be a while before we get there!
As one of the very early users of Carry (formerly Ocho), I must say that it is a fantastic platform for saving money. It has productized tax saving strategies that used to be “exclusive” to people with “access”.
The platform is easy to use. And I learn a lot by way of their knowledge platform - live webinars with various experts. Great team, and Ankur has an amazing customer centric approach!
Carry
Nas.io
Carry
Carry
Product Hunt
Carry
Product Hunt
Fedica
Carry
Fedica