Dmitriy Fomichenko's Blog (34)

4 Perks of Solo 401k for Business Owners and Freelancers

Solo 401k for business owners  

“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine

If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option.

Solo 401(k) plans are qualified retirement plans for…

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Added by Dmitriy Fomichenko on May 5, 2017 at 6:54am — No Comments

How to Start a Real Estate Investing with Retirement Funds

Real Estate investing with retirement funds

“Buy land, they’re not making it anymore.” ~ Mark Twain

Being real estate investors, none of us could deny what Mark Twain said here. Whether you’re just starting with real estate investing or have a long track record, you always want certain things to work in…

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Added by Dmitriy Fomichenko on April 18, 2017 at 7:53am — No Comments

How to Choose Self-directed Retirement Plans for Your Future?

Financing planning is an important aspect of real estate investing, and most of the realtors pay special attention to it. However, when it comes to retirement planning, we often prioritize other financial responsibilities instead. It’s critical to understand that you’ll need at least 80% of your current income to maintain your current standard of life during retirement. The good thing is that there are retirement options that allow you to accumulate retirement…

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Added by Dmitriy Fomichenko on March 28, 2017 at 9:15am — No Comments

Self-directed Solo 401 k Account: Rental Property Insurance

“The beauty of diversification is it’s about as close as you can get to a free lunch in investing.” ~ Barry Ritholtz

When it comes to investing, not everyone holds an in-depth understanding of the different types of financial assets. For the average investor, it’s advisable to diversify his/her investment portfolio. The same rule applies to your retirement savings. If you are a self-employed professional or owner-only business, a…

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Added by Dmitriy Fomichenko on March 14, 2017 at 9:17am — No Comments

Solo 401 k Loan: What could go wrong without proper knowledge?

[Understanding Solo 401 k Loan  

Ask any financial expert, dipping into your retirement savings is the last piece of advice you could expect. However, some circumstances require urgent attention and your retirement savings can offer the much needed financial cushion. If you’re an owner-only business or self-employed professional with a Solo 401k plan, the…

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Added by Dmitriy Fomichenko on February 24, 2017 at 2:16am — No Comments

Self-directed IRA: How to diversify and grow your retirement portfolio

Understanding Self-directed IRA

“The beauty of diversification is it's about as close as you can get to a free lunch in investing.” Barry Ritholtz

How do you feel about staking your entire future on the stock market? Risky, right! Who would do that? Surprisingly enough, a lot of investors are putting their money in the stock market directly or…

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Added by Dmitriy Fomichenko on January 11, 2017 at 7:26am — No Comments

Solo 401(k): A Good Retirement Savings Option for the Self-Employed

Solo 401(k): A Good Retirement Savings Option for the Self-Employed

Among the available retirement options, Solo 401(k) plans are worth considering, due to their relatively high contribution limits, flexible investments and the ability to make after-tax Roth contributions.

Here are some reasons self-employed business owners should consider Solo 401(k) plans.

Higher limits

Because the self-employed professional wears the dual…

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Added by Dmitriy Fomichenko on December 13, 2016 at 4:14am — No Comments

Real Estate Investing with Self-directed IRA Had Investor Face the IRS

Self-directed IRA investor and us tax court IRS If you’re an active real estate investor or have attended several real estate meet-ups to learn more, investing in real estate using your retirement funds must be a familiar topic. Over the past couple of years, self-directed retirement accounts have gained popularity and along with them the news of their alternative investing capacity. As a retirement solution company, we suggest…
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Added by Dmitriy Fomichenko on November 29, 2016 at 6:29am — No Comments

Self-Directed Solo 401 K: How To Maximize Your Tax Savings

Save tax with self-directed solo 401 k

"It's not how much money you make that makes you rich, it's how you spend it." ---Charles Jaffe

With a little bit of research, you will find out that the same piece of wisdom has been coined time and again by several financial experts. While there are multiple factors that define as well as affect your financial…

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Added by Dmitriy Fomichenko on November 23, 2016 at 1:25am — No Comments

401k Infographics: How Does A Self-Directed Solo K Plan Work?

If you’re a self-employed professional or owner-only business, the word ‘Solo 401k’ should resonate with retirement savings. In this post, we’ll find out more about a self-directed Solo k plan and how you can open one.

What is a self-directed Solo 401 k plan?

What is it: A qualified retirement plan targeted at owner-only businesses and self-employment professionals that allow comparatively higher contributions and diverse investment…

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Added by Dmitriy Fomichenko on November 18, 2016 at 10:49am — No Comments

Shelter Additional $1,000 With New 2017 Solo 401k Contribution Limits

Solo 401k Contribution limits for 2017

"The difference between ordinary and extraordinary is that little extra." ~ Jimmy Johnson

If you're a player or sports fan, you understand the importance of 'extra' effort. When it comes to…

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Added by Dmitriy Fomichenko on November 10, 2016 at 11:56am — No Comments

Real Estate Developer Used His Expertise to Grow His Retirement Account

Taking control of your retirement account and investing in the assets that you know, understand and can control will allow you to secure better financial future. A Sense Financial client has achieved such satisfaction using the opportunities and features presented by the self-directed Solo 401k.

As a real estate developer, Michael Foley has a lot of experience…

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Added by Dmitriy Fomichenko on April 11, 2016 at 2:55pm — No Comments

Solo 401k Calculator – Is your Retirement Plan a Good Investment?

If you use the Solo 401k calculator, you would immediately see if you are making a good choice of investment of not. Trusted and established providers such as Sense Financial will help you understand and maximize your retirement account from start to finish. Thus, you would…

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Added by Dmitriy Fomichenko on May 2, 2015 at 8:00am — No Comments

Small Business 401k – Getting Ready for a Financially Secured Future

Getting a small business 401k is your ticket to a financially stable and secured future especially if you set up an account with the right provider and top 401k companies, Sense Financial. The Solo 401k retirement plan is also referred to as the 401k plan for self employed…

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Added by Dmitriy Fomichenko on April 2, 2015 at 8:00am — No Comments

Small Business 401k Plans – Financial Preparedness Starts with the Solo 401k

The small business 401k plans will help you prepare your finances in the future as long as you ask the right plan providers today. Sense Financial is a proven and tested 401k company offering the most lucrative features for their clients and plan owners. There are many…

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Added by Dmitriy Fomichenko on March 2, 2015 at 8:00am — No Comments

Self Employed Retirement Plans – Knowing the Solo 401k Up Close

There are different self employed retirement plans today but only a few such as the Solo 401k retirement account by Sense Financial could offer lucrative ways to maximize your retirement savings. Self directed retirement accounts are known for their no tax restriction features especially on tax-free income and withdrawal. Moreover, plan owners could enjoy other perks such as the highest…

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Added by Dmitriy Fomichenko on February 2, 2015 at 8:00am — No Comments

Self Employed Pension – Making your Real Estate Investment Work

The Self-Directed self employed pension is what you can set up and establish in order to enjoy the most lucrative investments. One of the most promising investment fields in today’s economy is the real estate industry where you can get remarkable return on investment or ROI.…

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Added by Dmitriy Fomichenko on January 2, 2015 at 8:00am — No Comments

Self Employed 401k – Fundamentals of a Lucrative Retirement Account

The self employed 401k could be established and set up with the most trusted administrator, Sense Financial. This is one of the most recommended and lucrative retirement accounts for all who want to prepare for their future using a retirement plan that could multiply their money big time through qualified investment options. Before setting up the account, you need to know more and understand…

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Added by Dmitriy Fomichenko on December 2, 2014 at 8:00am — No Comments

Self Employed 401 k – How to Prepare for a Secured Retirement

The self employed 401 k is the key to a secured and stable future, particularly retirement. If you set up and establish an account with trusted 401k providers such as Sense Financial, you are 100% sure you can prepare for financially safeguarded retirement years. Put your hard-earned money in the…

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Added by Dmitriy Fomichenko on November 2, 2014 at 8:00am — No Comments

Self-Directed 401k – Maximizing your Retirement Savings Today

With the self-directed 401k retirement account, you can enjoy remarkable benefits when you established this plan in preparation for your future. There are innumerable retirement policies out there but only the Solo 401 k could give…

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Added by Dmitriy Fomichenko on October 2, 2014 at 8:00am — No Comments

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