Ocho

Ocho

Building wealth for business owners starting with a Solo401k

5.0
•1 review•

108 followers

Ocho helps business owners build wealth with: šŸ‘©šŸ½ā€šŸ« The best personal finance education in the world šŸ“ˆ Smart financial products to leverage the tax code to your benefit And today, we're launching our first product: The Ocho Solo401k
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Launch tags:Fintech•Education•Business
Launch Team
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What do you think? …

Ankur Nagpal
Sup y'all -- It's been 7+ years since I had a new startup to share with Product Hunt and I couldn't be more excited. After selling Teachable, I dove deep into the world of personal finance and the tax code and realized 1) how no one really understands the system 2) how the system is stacked against you if you don't come from generational wealth And this problem was especially acute for the average Teachable customer - business owners, freelancers, consultants and independent workers who didn't have a full-time employer to set up a retirement account, health insurance etc. Most entrepreneurs are too busy worrying about their business to optimize their personal finances. This led us to start Ocho! Our goal with Ocho is to help business owners build wealth, and we're going to do it in two ways by building: 1 - The best personal finance education in the world 2 - Smart financial products to leverage the tax code to your benefit And today, we're excited to share our first product -- The Ocho Solo401k -- The Solo401k is the best retirement account for anyone self-employed since it allows you to: - invest in any asset class (startups, stocks etc) - get a tax deduction of $60K+ - make Roth contributions - compound tax-free! But when I tried setting one up, every solution sucked so we decided to build our own! Give it a shot and let me know what you think / if y'all have any questions for us !!
Ted Spare
Congrats on the launch! Makes me want to apply for US citizenship. Fahd is a thoughtful product maker (ex. Snap, Shopify, 2x founder), so I'm excited to follow where this goes.
Ankur Nagpal
@tedspare we're just getting started! the solo401k is our first product but a lot more to go
fahd
@tedspare thanks brother, appreciate it!
Ben Huffman
love it @ankurnagpal. Have always wanted a Solo401k. Never made it happen but definitely will now.
Ankur Nagpal
@ben_huffman we can work a solo401k and your backhand!
Ben Huffman
@ankurnagpal šŸ’€ šŸ˜‚
Tonner Jackson
Love this value prop. The monetization methods of financial services are ancient and offensive. Pumped to see this team innovating in this space!!
Ankur Nagpal
@tonner yessir! excited to see you tomorrow
Ayush Jaiswal
Love this! Glad we don’t have to do so much research about saving taxes. Insane ROI product. Congrats Ankur & the ocho team for the launch! šŸ¤—āœØ
Ankur Nagpal
@aayushjaiswal07 thanks ayush!
Tommy Griffith
So excited about this one. Congrats to @ankurnagpal and the team!
Ankur Nagpal
@tommygriffith thanks tommy, glad i could wrangle you along for this one too!
Ryan Cooke
This vision resonates very strongly with me. So much noise around generating yield, yet there are few resources for tax optimization, which compounds a lot over the long term!
Ankur Nagpal
@debussyman yessir ! thanks for your help to our engineering team
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