Dmitriy Fomichenko's Blog (26)

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 owners that don’t have any other employees, besides themselves and their spouse. It’s not a new…

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 capital gain tax rate from 15% to 20% for…

Someone recently made a comment to one of my articles that it would be better to purchase real estate outside the Self-directed IRA or Solo 401k because of more favorable tax treatment.  Here is my answer to that comment:

You are…

Is it possible – or even prudent – to roll over funds from your 401(k) plan into self-directed IRAs? If you’re at least age 59½, the answer could be yes.

Rollovers are not an option most 401k plans promote, and for good reason: the…

Real Estate Investing with Solo 401k can be very powerful! 

Many people mistakenly believe that their retirement accounts must be invested in stock or mutual funds. Intelligent educated investors realize that the IRS has always permitted real estate to be held inside retirement accounts. Real Estate investing with…

If you are self-employed and have a desire to shelter more of your income from taxes, then you may know about retirement plans for small-business owners such as SEP IRA and SIMPLE IRA.  But have you heard about Individual 401k (also know as Solo 401k)?

Individual 401 k Plan is unique and designed explicitly for small, owner only business.   It offers…