Dmitriy Fomichenko

Dmitriy is the founder and president of Sense Financial Services LLC, 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 instructed hundreds of investment and financial planning seminars and has mentored thousands of investors.


  1. Roy Sloan
    February 21, 2013 @ 7:20 am

    I am employed and have a employer matching 401K. But, I also do work on the side for clients and file a schedule C for that work. Does my side income qualify me to have a self directed solo 401K plan. I would rather invest most of this income into a self directed 401K to use for real estate investment since I do not need the income and want to keep my tax liability as low as possible. Thanks, Roy


  2. Dmitriy Fomichenko
    February 21, 2013 @ 11:58 pm

    As long as you have legitimate self-employment activity (it can be in addition to the full time employment) and absence of full time-employees working for you, you qualify for self-directed solo 401k. And if your self-employment income allows, you can make maximum contributions to your solo plan, but in addition to that you can also contribute on the business side (profit sharing). This will result in significantly lowering your tax liability and maximizing your retirement contributions, which means you have more funds available to invest in real estate or other non-traditional investments under your retirement plan.


  3. Cindy
    April 10, 2019 @ 9:35 pm


    I am a nail tech self employed or contractor. Would I qualify for a solo 401K or do I have to be incorporated ?


    • Dmitriy Fomichenko
      April 10, 2019 @ 9:56 pm

      Cindy, any legitimate business (LLC, corporation, partnership, sole-proprietorship, etc.) can adopt a Solo 401k plan. As self-employed are considered “sole-proprietor”, which is legitimate business type – you qualify!


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