Ocho helps business owners build wealth with: 👩🏽🏫 The best personal finance education in the world 📈 Smart financial products to leverage the tax code to your benefit And today, we're launching our first product: The Ocho Solo401k
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
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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 !!
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.
@tommygriffith thanks tommy, glad i could wrangle you along for this one too!
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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!
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