Dmitriy Fomichenko

Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control. He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.


  1. Ed Bancroft
    April 14, 2017 @ 3:15 pm

    How do I set up a Roth solo 401K plan? What bank do I use? Any age restrictions on starting a plan? Can rental income and note income be used to fund account?


    • Dmitriy Fomichenko
      April 14, 2017 @ 3:23 pm

      Hello Ed, thanks for your question.

      Every Solo 401k plan that we establish comes with the Roth provision, allowing you to make post-tax contributions into separate Roth account setup under the same Solo 401k plan. In order to establish the plan you need to have a legitimate self-employment activity or small business without full time employees other than the business owner(s) and spouse of the owner.

      You can only use “earned” self-employment income to fund 401k, rental income and interest income are considered to be “passive” and can not be used to contribute to the plan.


      • Ed Bancroft
        April 14, 2017 @ 7:23 pm

        Thanks for the quick reply. I only have my retirement income, rental income, and note income. I now will have to wait until I sell a non preforming note for a profit and then I will open an account with your company.


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