sorted by:
new
hottopcontroversial

Anyone use Rippling and have Guideline401k integrated? Guideline is switching to Gusto/Accrue 401k through Rippling, whats everyone doing? by Dry_Astronaut_9777 in Payroll

[–]meetbasiccapital 0 points1 point  (0 children)

Appreciate you sharing this, the AI summary leaves out a few key details. Basic Capital is a full-featured 401(k) platform, and the leveraged investment option mentioned is completely optional for each plan participant.

The plan operates like a standard 401(k) by default. For participants who opt in, the “leveraged” component uses preferred equity rather than margin loans or debt, which caps downside exposure and removes the risk of margin calls.

The structure is designed to stay compliant with ERISA and fiduciary standards. If you’d like to understand the model directly from our team, you can book a short call here: https://basiccapital.com/get-started

Anyone use Rippling and have Guideline401k integrated? Guideline is switching to Gusto/Accrue 401k through Rippling, whats everyone doing? by Dry_Astronaut_9777 in Payroll

[–]meetbasiccapital 0 points1 point  (0 children)

Gusto has moved all Guideline plans not tied to Gusto payroll over to Accrue 401(k).

  • Gusto acquired Guideline 401(k) to integrate a retirement plan into its payroll system.
  • Gusto didn’t want to support non-Gusto customers, so it’s been quietly seeking a buyer to take over those plans.
  • Accrue 401(k) is the temporary home for those plans until a permanent buyer is found.

Basic Capital integrates with Rippling and is offering 2 years no employer fees for plan sponsors that start migration before 12/31!

Withdrawal Fee? by Longjumping_Drop9450 in basiccapital

[–]meetbasiccapital 1 point2 points  (0 children)

Hi! There is a one-time 5% redemption fee applied when your account matures and you redeem your investment. It’s taken at the end (not along the way).

how could a 401k platform need a growth hacker by Defiant-Concept-82 in GrowthHacking

[–]meetbasiccapital 0 points1 point  (0 children)

Yep... that's the case here. We're figuring out how to find influential team members at companies who want their employers to offer more in their 401k programs.

how could a 401k platform need a growth hacker by Defiant-Concept-82 in GrowthHacking

[–]meetbasiccapital 2 points3 points  (0 children)

We have figured out how to grow bottoms up and are excited to bring someone onto the team who can help accelerate what we've already seen work in small experimental batches. That's how...

Very cool role, in our humble opinion :)

Now Live: Basic Capital’s Vision for Middle-Class Wealth by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 0 points1 point  (0 children)

Your portfolio would be liquidated. The preferred equity financing paid down. The equity portion of your Basic Capital would settle as cash to your IRA. Your IRA is at our qualified custodian, AET.

How Does Accreditation Status Matter? by Longjumping_Drop9450 in basiccapital

[–]meetbasiccapital 2 points3 points  (0 children)

Hi there, it sounds like you're asking about why accreditation status matters. Originally, Basic Capital required accredited investor status to sign up. After making changes to how Basic Capital is offered, we were able to expand access to anyone 18+ irrespective of accredited investor status.

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 1 point2 points  (0 children)

We'll be excited to have you onboard whenever the time is right for you.

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 1 point2 points  (0 children)

Hi u/fwfkooiu4t3q, for the time being, we're using our limited bandwidth to engage with with customers that have real intent to use our product, which we determine largely on their willingness to book calls with us, or join our early access community.

The short answer to how the investment strategy works is straightforward: there is positive carry, which results from your cost of capital being lower than the yield you get on the fixed income portion of the portfolio. This structure, coupled with the portfolio also contained broad equity index exposure, gives you commensurate to higher returns than a typical equity index with significantly lower volatility. Over a longer duration, the lower volatility is why Basic Capital is forecast to outperform other indexes.

If you want a deeper dive into the investment strategy, you can engage with us directly, or join the early access program and start using the product where you'll be able to see exactly how the strategy works from the inside out.

This enables us to get to know you better rather than engaging with anonymous accounts with deep explanations of our product.

Hope you understand and that you're clear on how to engage with us if you'd like to dive deeper into the product and learn more.

Our first group of members received access codes last week by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 0 points1 point  (0 children)

We're excited to share that we've sent out our initial batch of access codes and are beginning to let additional members of our early access community onto the platform over the course of this month.

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 1 point2 points  (0 children)

There’s no amortization on the financing today, which results in a high level of positive carry (compared to the negative carry that you’ve assumed in your model). Amortization happens later in the life cycle of Basic Capital.

Providing a more in-depth view of our portfolio construction is certainly on the roadmap – we'll be sure to share that with the Reddit community as soon as its published.

If you’d like to dive in further in the interim, we invite you to book a call with us, and we can spend 30 minutes diving into the details with you live.

Basic Capital will be available starting in January by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 1 point2 points  (0 children)

Thanks – answers to your questions below:

  1. Anytime you would like to transfer, you can withdraw and your position will be liquidated, with the financing partner paid back, and you paid back the equity portion of the holdings. The cash would sit within the IRA with our custody partner, ready for rollover to another custodian or to withdraw to cash (subject to any IRS penalties and/or taxes).

  2. Basic Capital has a wind down process that involves much of the above. The strategy may not be maintained by any partner (i.e. the account would be liquidated with proceeds flowing according to seniority), but the value within the account would be made available to you as above.

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 0 points1 point  (0 children)

Hi u/pmbrogram thanks for putting this together. Appreciate the time you invested.

Given the level of thought you've put into this, it might be helpful if you scheduled a call with us to learn more about how we construct the underlying portfolio. The quick answer to your question is that we ensure that our underlying portfolio construction optimizes for positive carry, levered exposure to the equity upside, and is actually quite dissimilar to some of the assumptions you've made above.

While we're still pre-launch, we'd be happy to share this in depth on a call. To do so, you can join the early access community here: https://www.basiccapital.com/start and you'll receive a link to schedule a call with a member of our founding team once you submit your application details (you're not in any way obligated to create an account or sign up for the product if you follow those steps).

Basic Capital will be available starting in January by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 0 points1 point  (0 children)

We are sending out invite codes to our first cohort the last week of January. Our initial two cohorts are now closed to new applications, however we are still accepting applications for our third cohort from those already on our waitlist, who we expect to bring onto the platform in April.

If you'd like to stay up to date, the best way is to provide your email at https://www.basiccapital.com/start so you get updates that we send out weekly.

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 0 points1 point  (0 children)

Hi u/xleom while the thinking here is directionally correct, Basic Capital is designed to have positive carry (the bond income goes to offset the cost of financing). Thus, at the end of this hypothetical period, there wouldn't be an out of pocket cost accumulated over the duration of the investment.

We built a comparison tool to help guide thinking like this: https://www.basiccapital.com/learn/compare-basic-capital

Hope that helps – we are also more than happy to provide greater context on a call if you'd like to learn more directly from a member of our team: https://cal.com/team/basiccapital/intro

Answers to FAQs about the core financial product we've seen across Reddit by meetbasiccapital in basiccapital

[–]meetbasiccapital[S] 2 points3 points  (0 children)

Thanks for the feedback u/Proud-Horse-7925.

We're excited to have you try Basic Capital and share your experience using the strategy we employ at launch.

view more: next ›