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Carry vs IRA Financial
The highest contribution limits, the ability to invest in any asset class (including alternative assets) with tax-free compounding*, and the biggest Roth account imaginable at $66,000 (10x higher than an IRA). Create your Carry Solo 401k Plan, it takes under 10 minutes to set up your plan.
How does Carry compare with IRA Financial Solo 401k?
Carry and IRA Financial both offer premium self-directed solo 401k plans with integrated investment accounts. The biggest differences between the two plans are the fees, set up process, and user experience.
The smoothest solo 401k experience
Carry takes just 10 minutes to create your account, and everything from compliance checks to document signing is all completed seamlessly during the setup process. IRA Financial requires 6 to 10 business days to review your application and assign you an account number. You will be reached through email once your account is approved and ready.
Simple, transparent pricing
Carry costs $299/year for unlimited investments and access to the full suite of Carry features, including priority support*. IRA Financial costs $999 for the first year, and then $399/year starting the second year. Carry has no additional fees, no hidden fees, and no fees for assets under management. IRA Financial charges additional fees for record-keeping, crypto trading, and expedited services.
A modern, intuitive interface
Managing contributions, compliance, investments*, and asset performance with a self-directed retirement account like the solo 401k is more complex than other more autonomous retirement plans. Carry has the most intuitive user interface to eliminate chances for errors, and to make everything as straightforward as possible. And if you need help along the way, support is always readily available to assist you.
| Features | Carry Solo 401k | IRA Financial Solo 401k |
|---|---|---|
| Cost | $299/year* | $999 for the first year, $399/year starting the second year. |
| Additional fees | None | Crypto-trading: $200/year + trading fees Record keeping: $400/year Checks and wire transfers: $15 – $45 Expedited processing (within 48 hours): $75/transaction Expedited processing (within 24 hours): $200/transaction |
| Set up process | Everything completed in under 10 minutes. | Your completed application goes into a queue and takes around 6-10 business days to be reviewed and assigned an account number. |
| Integrated brokerage account | ✅ | ✅ |
| Expedited service | Yes, all requests are filled asap | $75/transaction for 48 hours or less, and $200/transaction for 24 hours or less |
| Roth option | ✅ | ✅ |
| Mega backdoor Roth | ✅ | ✅ |
| Alternative investments | ✅ | ✅ |
| Loans | ❌ | ✅ |
| Mobile app | ❌ | ✅ |
| Checkbook control | ✅ | ✅ |
| Rollovers | ✅ | ✅ |
Carry is the preferred solo 401k for business owners
The highest contribution limits, a Roth account, mega backdoor Roth, and the ability to invest in any asset class with tax-free compounding*. All for just $299/year, no additional fees, no hidden fees, and no fees on your assets under management*.
The highest contribution limits
Contribute up to $61,000 for 2022 and $66,000 for 2023. That’s 3x higher than 401k and 10x higher than an IRA.
A mega-sized Roth account
You get both a pre-tax solo 401k and Roth solo 401k when you open your Carry Solo 401k. Prefer a tax deduction? Contribute to pre-tax. Prefer tax-free withdrawals in retirement? Contribute up to $22,500 as Roth for 2023.
Mega backdoor Roth solo 401k
The contribution limit for a Roth solo 401k is $20,500 for 2022 and $22,500 for 2023. With Carry’s mega backdoor Roth feature, you can contribute up to $61,000 for 2022 and up to $66,000 for 2023.
Invest in crypto, real estate, and private equity
The Carry Solo 401k comes with checkbook control, giving you the ability to invest in any asset class. Invest in traditional assets (like stocks and ETFs) or alternative assets (like crypto, real estate, and private equity)*.
Integrated brokerage platforms
Set your solo 401k elections, make contributions, and even make investments directly through the Carry dashboard. Carry has integrated brokerage platforms build in, so you don’t have to take your plan documents and search for a broker who will accept them*.
Carry is trusted and backed by the world’s top entrepreneurs, creators and money experts.
“The level of insight you get in terms of your money management is not something I’ve seen on any other apps I’ve used.”
3500
Early Stage Users
100+
Startup founders have invested in Carry
$5M+
In preseed funding
Built by the team that built:
“The Carry Solo 401k is a retirement plan so powerful and flexible that it feels like you’re getting access to a tax loophole.”
Elizabeth Yin
Cofounder, Hustle Fund
“Every business owner, creator, and self-employed person should have one. The benefits and tax savings each year are a no-brainer.”
Sebastian Fung
Owner, Ask Sebby
“Carry built something I’ve wanted to exist for a long time – the modern solo 401k with all the best features and full admin support.”
Nate O’Brien
Investor & YouTuber
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan**.
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan)*.
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan)*.
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($399 $299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($999/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan)◊
Plus: Access to “Ask an Advisor”◊
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class through your plan with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan.†
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan).◊
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan).◊
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($499/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan◊
Plus: Access to “Ask an Advisor”◊