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. Susan Maneck
    August 31, 2016 @ 10:43 am

    Am I understanding you to say that once we retire we have to roll-over our solo401K into something else? We can’t sponsor our own plan anymore?
    What constitutes retirement for say a consultant who is only self-employed part-time anyhow?


    • Dmitriy Fomichenko
      August 31, 2016 @ 8:41 pm

      Susan, what I’m saying is that if your business or self-employment activity ceases to exist you will need to terminate your plan and rollover plan assets into an IRA or another qualified retirement plan. If you don’t – your plan becomes an orphan which is a violation.


  2. Ed Ricketts
    September 16, 2016 @ 11:03 pm

    Technically, when does “retirement” occur according to the IRS?

    Any exceptions?


    • Dmitriy Fomichenko
      September 16, 2016 @ 11:17 pm

      A retirement occurs when someone stops working. If you are asking about Normal Retirement Age – that is a different question, typically that is age 65.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.