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    IRA Makeover
    IRA Makeover
    IRA Makeover
    Ebook77 pages36 minutes

    IRA Makeover

    By Dmitriy Fomichenko

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    About this ebook

    Many investors have a successful business or a growing personal portfolio, but without much control over their retirement savings. The truth is, investors can take control of their retirement investments, through the use of self-directed retirement plans, such as the self-directed Solo 401k or the Checkbook IRA. In this IRA Makeover ebook, you will find information on self-directed retirement plans, and how to invest your retirement savings in real estate, private business, tax liens, trust deeds, and more.

    LanguageEnglish
    PublisherDmitriy Fomichenko
    Release dateMay 26, 2016
    ISBN9781310739972
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    • 5/5
      Excellent book. It does a great job of educating
      about the advantages and disadvantages of various retirement accounts.

    Book preview

    IRA Makeover - Dmitriy Fomichenko

    Published by Sense Financial Services LLC

    Edited by Vanessa Pham and Minna Nah

    Copyright 2015. All rights reserved. No part of this book may be reproduced, scanned, or distributed in any printed or electronic form without permission.

    About the Author

    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 instructed hundreds of investment and financial planning seminars and has mentored thousands of investors.

    Sense Financial Services was born through a series of conversations Dmitriy had with the real estate investors whom he mentored.  While many were highly successful in their real estate investments, the same investors were losing money in their retirement accounts. This prompted Dmitriy to spend several months consulting with industry experts and researching the powerful concept of self-directed retirement accounts.  He integrated the knowledge and experience gained from his many years of experience along with his newly acquired expertise in Self-Directed IRAs and 401ks to begin consulting individual investors to put more thought and diligence into their retirement and investment planning.

    Dmitriy founded Sense Financial Services to help his clients maximize their returns on investments while protecting their hard-earned money. He is very passionate about helping families and individuals achieve financial freedom by following proven Biblical principles of financial planning and investing.

    Dmitriy resides in Southern California with his wife and 9-year old daughter.  In his spare time, he enjoys studying systematic theology, spending time with his family and visiting new places.

    Contents

    About the Author

    Introduction

    Part I: The Problem with Conventional Retirement Accounts

    The Stock Market is No Longer Ideal for Retirement Savings

    Alternative Investments with Better Return and Lower Risk

    Alternative Investments Made Possible with Self-Directed IRA or 401k

    Part II: Self-Directed IRA

    What Investments Can I Make with a Self-Directed IRA?

    How does a Self-Directed IRA Work?

    Are There any Disadvantages with a Self-Directed IRA?

    How Does a Self-Directed IRA LLC Work?

    Do I Need to Ask Permission to Make an Investment?

    Why Not Just Use a Custodian?

    How a Real Estate Developer Used His Expertise to Grow His Retirement Account

    Part III: Solo 401k – The Ultimate Retirement Plan

    What is a Solo 401k?

    Eligibility Requirements:

    Benefits of Solo 401k:

    1. High Contribution Limit

    2. Checkbook Control

    3. Non-traditional Investment Options

    4. Loan Option Available

    5. No Income Limit for Roth Account

    6. UBIT Exemption for Non-Recourse Financing

    7. Ability to Combine Multiple Accounts

    8. Cost-Effective Administration

    How to Save $10,000 in Taxes with Solo 401k

    Part IV: Real Estate Investing with a Solo 401k or Checkbook IRA

    Real Estate vs. Stock Market

    Why the Self-Directed IRA LLC is a Great Investment Vehicle for Real Estate?

    Why the Solo 401k Plan is a

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