Dmitriy Fomichenko's Blog – November 2012 Archive (3)

The Solo 401k Plan: Are There Rules and Regulations I Should Know First?

Have you ever wondered how a Solo 401k plan works and what makes it different from the more traditional 401(k) plan?

A Solo 401k plan is a plan that is designed for business…

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Added by Dmitriy Fomichenko on November 10, 2012 at 12:39am — No Comments

Re-Election of President Obama Has Investors Turning to Solo 401(k) Plans

With Election Day finally here and the race for the White House as tight as it has ever been, many Americans are already planning ahead in case of a Barack Obama victory.

The re-election of President Obama would almost certainly mean an increase in the…

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Added by Dmitriy Fomichenko on November 6, 2012 at 11:30am — No Comments

More People Are Using Solo 401(k) and Checkbook IRA to Invest in Real Estate

Preliminary study for the year 2012 conducted by Sense Financial among its clients reveals that more people are using either Solo 401(k) or Self-Directed IRA LLC (also known as Checkbook IRA) as an investment vehicle for using their retirement funds to invest in residential real estate.

America needs to take a whole new look at how they save and prepare for retirement. One of the biggest fears of people approaching retirement age is that they will outlive their money, 401k and…

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Added by Dmitriy Fomichenko on November 1, 2012 at 2:05am — No Comments