Carry’s Post

March was a massive month for product releases at Carry We launched: • Mutual fund trading • Recurring investments • A customer referral program • A new, automated transfers center But my favorite new feature? An automated Backdoor Roth IRA Here's how it works: If you make over $150K, you cannot directly contribute to a Roth IRA. You need to instead use the "Backdoor Roth IRA" loophole The trouble is most people don't do it because it's complicated and easy to mess up So we built an automated Backdoor Roth IRA feature! Here's how it works: • We check to see if the user has a Traditional IRA balance so that they don't get hit with an unnecessary tax bill. • After they contribute dollars to a Traditional IRA, we automatically transfer the amount to a Roth IRA after a few days! • Customers can also opt into having Carry to do their taxes for them, so we can take care of the correct forms during tax season as well! If you are an existing Carry customer, give it a shot and lmk what you think 👀