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- The Most Common Roth IRA / 401k Mistake
Hey there! Welcome to the Independent Money newsletter 👋 We’ll be exploring the latest financial news and discussing how it affects entrepreneurs like you. Plus, we'll share some awesome wealth creation insights from successful entrepreneurs.
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In this week’s Independent Money Newsletter we’re covering:
The most common mistake people are making with their Roth IRAs and 401ks
What’s Happening at Carry this week
The Most Common Roth IRA / 401k Mistake
Let's talk about getting the most out of your money. It turns out a lot of people are having the same problem. Contrary to popular belief, just having a Roth IRA or 401k isn't an instant ticket to active investing.
@erinmcgoff I’ve said it before & I’ll say it again: if you are not investing your money, it is loosing value, besties ⬇️💸 ❌ Simply opening up a Rot... See more
Once you contribute to your retirement account, the next step is crucial – putting those dollars to work through strategic investments.
Your employer's 401k program might have its own game plan, but the responsibility is on you to check if it aligns with your financial goals.
If you have a Roth IRA, you can chose to invest in a variety of different things like stocks, ETFs, mutual funds, private companies, crypto, real estate – the list goes on.
@mairintorrr you learn something new every day!!! i would be lost in life w/o google @Tori Dunlap — Money Expert 💸 #rothira #moneytiktok
All it takes is 3 steps to avoid this common mistake:
1) Contribute
2) Invest
3) Watch your money grow
Questions about what to invest in, how to do it, and understanding terms like "stocks" are common - and completely okay.
We created a comprehensive guide to cover all the basics. Download it here.
What’s Happening at Carry?
Here’s what you can expect in the coming weeks
See the full list of events here. ⏰
Experience the Power of Carry: A Live Demo and WalkthroughJoin 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
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!
How to Pay Less Taxes for Business OwnersBusiness owners have many tax write offs and deferral opportunities that aren't available with just a W-2 income.
This workshop outlines a step-by-step plan to reduce your tax bill for this year, and your key action items.
Replays: Will be sent out to anyone who registers so save your seat even if you can’t attend live.
Can't attend live but want your questions answered? Ask and tag us on social @carryhq_
Want More?
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If you want more resources on building wealth as a solopreneur/entrepreneur, check these out:
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