Carry

Grow your net worth with smart tax optimization

293 followers

Tax preparation•Retirement planning•Financial planning•Investing

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.

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Launch tags:

Fintech•Investing

Launch Team

Ankur Nagpal

Carry

Maker

📌

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!

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1yr ago

Wojtek Konstanty

Carry is the best tax / investing product I’ve seen and the content is super helpful! Trying to start a business just so I can become a customer!

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1yr ago

Alex Dwek

Nas.io

@ankurnagpal love what you’re building Ankur, it is so needed. Good luck!

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1yr ago

Ankur Nagpal

Carry

Maker

@alex_dwek thanks alex!

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1yr ago

Ankur Nagpal

Carry

Maker

@wojtek_konstanty time to start your business wojtek!

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1yr ago

Ryan Hoover

Product Hunt

I’ve been following Carry (fka Ocho!) from afar. What’s the wildest tax savings you’ve seen from clients so far, Ankur?

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1yr ago

Ankur Nagpal

Carry

Maker

@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

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1yr ago

Ryan Hoover

Product Hunt

@ankurnagpal great tips. So many advantages to being self-employed. :)

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1yr ago

Jon Wesselink

Fedica

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!

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1yr ago

Ankur Nagpal

Carry

Maker

@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!

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1yr ago

Jon Wesselink

Fedica

@ankurnagpal Yup! you'd have to scale it like Mcdonalds LOL :) Anyways, best of luck!

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1yr ago

Carry

Grow your net worth with smart tax optimization

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