🎯 Brokerage Review: Carry (Solo 401k)

Carry Review: A Modern Retirement Solution for Self-Employed Professionals

tl;dr: Carry's Solo 401(k) is designed for self-employed individuals seeking a versatile and robust retirement plan. It combines traditional benefits with modern features, catering to those who desire control over their retirement investments.

💡 Key Features

• High Contribution Limits: For 2025, individuals can contribute up to $70,000, or $77,500 if age 50 or older, combining employee and employer contributions. ​

• Roth and Mega Backdoor Roth Options: Carry supports both Roth contributions and Mega Backdoor Roth strategies, allowing for significant tax-advantaged savings. ​

• Diverse Investment Choices: Invest in a wide range of assets, including stocks, ETFs, real estate, private equity, and cryptocurrencies. Note that alternative investments require the Pro Plan. ​

• Integrated Robo-Advisor: Access a robo-advisor with no assets under management (AUM) fees, simplifying investment decisions. ​

• Loan Provision: Borrow against your Solo 401(k) with the plan's loan feature, providing financial flexibility when needed. ​

💰 Pricing

• Basic Plan: $299/year, includes core features suitable for most self-employed individuals.​

• Pro Plan: $499/month, offers advanced features like alternative investments and access to a financial planner. ​

✅ Pros

• Comprehensive Onboarding: Carry handles all paperwork and administrative tasks, ensuring a seamless setup process. ​

• No AUM Fees: Keep more of your investment returns with Carry's no AUM fee structure. ​

• Flexible Investment Options: Access to a broad spectrum of investment opportunities, including alternative assets. ​

⚠️ Considerations

• Pro Plan Cost: Accessing certain features, like alternative investments and financial planning, requires the higher-priced Pro Plan. ​

• Alternative Investment Access: Investing in alternative assets is limited to Pro Plan subscribers. ​

🧠 Ideal For

• Self-employed professionals seeking a flexible and comprehensive retirement plan.​

• Individuals interested in diverse investment options, including alternative assets.​

• Those looking for a Solo 401(k) with integrated features and no AUM fees.​

🧾 Final Thoughts

Carry's Solo 401(k) stands out for its flexibility, comprehensive features, and modern approach to retirement planning. While the Pro Plan offers advanced options at a higher cost, the Basic Plan provides substantial value for most self-employed individuals. Evaluate your investment needs and financial goals to determine the best fit.

Get $100 FREE towards your Carry account fee when you sign up below 👇