#United States #New York #Investment Tool #Carry #Smart Yield

Carry Unveils Smart Yield

In a significant move for the finance sector, Carry, a platform specializing in wealth growth through tax optimization, has announced the launch of Smart Yield. This innovative product serves as a modern investment alternative to traditional high-yield savings accounts. Designed specifically for individuals eager to make their idle cash work more efficiently, Smart Yield seeks to maximize after-tax cash returns while ensuring liquidity and tax efficiency.

What is Smart Yield?

Smart Yield represents a smart investment solution that automates allocations into selected money market mutual funds, many of which offer federal, state, or local tax-free benefits. Such strategic investments typically focus on U.S. treasuries and government or municipal securities, which are well-regarded for their stability and reliability. By using Smart Yield, customers can expect an optimized selection process that aligns with their unique tax profiles, factoring in their filing status, state of residence, and income.

According to Ankur Nagpal, founder of Carry, "We developed Smart Yield after realizing that many users were keeping substantial cash balances in tax-inefficient funds. This solution potentially enables users to retain more of their cash returns, often with zero federal or state tax consequences within their Carry accounts."

Key Features That Distinguish Smart Yield

Smart Yield distinguishes itself from other investment options with several remarkable features:

• - Strategic Fund Access: Clients are allocated to a curated selection of money market funds that target U.S. governmental and municipal securities, ensuring many investment options are tax-exempt at varying levels.
• - Daily Yield Optimization: The system conducts daily yield evaluations to determine the best tax-equivalent yield based on personal financial situations, ensuring that users receive maximum returns.
• - Adaptive Reallocations: Smart Yield intelligently reallocates assets based on changes in market conditions and individual user inputs, providing a personalized investment experience.
• - High Liquidity: Investments made through Smart Yield are highly liquid, meaning users can generally redeem their funds swiftly without incurring any redemption fees.
• - Versatile Account Compatibility: Smart Yield is adaptable to various accounts, including taxable brokerage accounts, Solo 401(k) plans, Traditional IRAs, and Roth IRAs.

How to Get Started with Smart Yield

Getting on board with Smart Yield is straightforward and user-friendly:
1. Sign up for a Carry Membership.
2. Open an investment account, whether it's a Solo 401(k), IRA, or brokerage.
3. Navigate to the Investments page and select Smart Yield.
4. Allocate existing cash or add new funds to the account.

Smart Yield is part of Carry's expanding suite of tools aimed at independent professionals. It focuses on maximizing tax-equivalent yields, deducting the underlying fund expenses but excluding Carry Advisor’s annual advisory fee of 0.20%.

About Carry

Carry is a fintech platform tailored for business owners, freelancers, and individuals with high income. The platform uniquely combines tax-optimized retirement accounts, self-directed investing, and integrated tax filing, all housed within a simple-to-navigate interface. Carry's mission is to foster wealth growth by optimizing tax burdens, offering tailored plans suitable for all stages of entrepreneurial endeavors.

Important Notes

Smart Yield is offered by Carry Advisors LLC, an SEC registered investment advisor, which is fully owned by The Vibes Company Inc. It's important to note that while Carry Advisors can provide valuable information and guidance, they are not a substitute for personalized tax advice. Thus, users are encouraged to consult with a qualified tax professional regarding specific tax matters.

Carry is a financial technology firm, not a bank or an FDIC-insured institution. Investments made through Smart Yield are not FDIC-insured, and as with any investment, they can lose value. Yields can fluctuate daily and are not guaranteed. An annual membership with Vibes is a prerequisite.

Conclusion

With its Smart Yield product, Carry revolutionizes how individuals can optimize their cash holdings, assuring their investments are not just safe but also tax-efficient. Whether you're a seasoned investor or just starting, Smart Yield offers a compelling case for transforming how you manage idle cash.