Dmitriy Fomichenko's Blog (26)

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…

Roth IRA is one of the well-known and oftentimes considered best IRA for self employed. If you are looking for reliable financial investment and retirement account, it is imperative to know more about this plan. Nowadays, you might find it more challenging to decide what retirement account to choose. There is a big difference as well as similarities…

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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…

“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…

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…

When it comes to retirement savings, we all do wish for the same amount of investment freedom that we usually get with our other investments. Traditionally, most of the financial institutions offer limited investment options, starting with stocks and bonds to mutual funds and CDs only. The last recession taught…

Growing old is not an option. We don’t have a choice. But we do have choices that will greatly affect our quality of life for the rest of our life.” ~ Henry K. Hebeler

Saving for retirement could be a bit overwhelming for a lot of people but like Mr. Hebeler said, you cannot, certainly, avoid getting old. For real estate investors,…

"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…

Small business owners and self-employed individuals often find themselves in need of financial support, especially during tough market conditions. The banking institutions have put forward strict lending conditions post the recession, limiting credit availability for small businesses. A tough lending market has promoted other credit options, including…

There are innumerable companies out there offering the Individual 401 k retirement plan. The Solo 401k providers are the ones who can help you maximize your retirement savings and give you plenty of option how to grow your money and enjoy limitless investment profits. With the overflowing 401k…

The Self-Directed 401k retirement plan by Sense Financial is definitely different than any other retirement accounts out in the market such as the New York Life 401k and Keogh Plans. You can spot the difference in a lot of ways including the Solo 401k contribution limits. The…

The best self employed retirement plan is the Solo 401k. This is according to a lot of reviews in the vast and competitive industry today. The key to getting the best retirement account is to choose a trusted and proven plan provider particularly the experts at Sense Financial.…

There are numerous providers of small business retirement plans. Sense Financial is one of the top providers of the Solo 401k under the leadership of company CEO, founder, and real estate specialist, Dmitriy Fomichenko. One of the secrets of having a lucrative investment with the…

It is essential that you comply with the Solo 401k contribution deadline so that you will have hassle-free and surefire benefits from the Self-Directed 401k. Sense Financial is a trusted plan provider specializing in the Individual k plan and how it can help you ensure a…

With the 401k self employed retirement account, you can have the best source of funds for your serious investments. Your retirement years are definitely secured if you are to use the Individual k plan’s retirement savings to fund your chosen investment option. Sense Financial…

The Solo 401k is known as the best among retirement plans for self employed. If you establish and set up an account with Sense Financial, you are sure to maximize your retirement savings and utilize it to generate income and profit minus tax obligations. This is…

The 401k for small business is a more lucrative option if you are comparing SEP vs Solo 401k. The key to a successful retirement account is also on setting it up with the right provider especially Sense Financial. Take note that not all providers could deliver convenience and…

The 401k for self employed is a retirement account that makes financial sense especially if you consult with and set up your account with the right provider, Sense Financial. There are tons of retirement plans you can find in today’s overflowing market but only a few would…

Compliance with the Solo 401k rules is the key to maximize the benefits and full potentials of your retirement plan. Take note that there are different requirements with the Owner-Only 401k compared to IRA withdrawal rules and others. Hence, in order to know how 401k works, you must…

The usual notion of people that retirement funds are exclusively for mutual funds or stock investment has already been debunked with the introduction of a self employment retirement plan from Sense…