Solo 401k: A Guide to Tax-Free Real Estate Investing

Feeling the chaos of the stock market in your retirement plans?This episode explores how the Solo 401k, a powerful strategy for self-employed professionals and small business owners, puts you back in control.Expert Dmitriy Fomichenko joins the show to explain how you can use it to bypass custodians, invest in real estate, save aggressively on taxes, and take full control of your financial future.This conversation is a masterclass in building tax-free wealth. We explore how to use your Solo 401k for real estate investing, creating leverage without the usual penalties.You'll also learn the critical differences between an IRA vs 401(k) vs Solo K, and the prohibited transactions you must avoid staying compliant with IRS rules.If you're ready to make your money work smarter, this episode is your blueprint.TIMESTAMPS: 00:00 – Intro: Why Solo 401ks Matter Now01:18 – Dmitriy's Immigrant Journey & Founding Sense Financial02:54 – IRA vs 401(k) vs Solo K Explained04:43 – Investing Beyond Wall Street6:55 – Massive Tax Advantages of Solo Ks11:24 – Real Estate Leverage Without Tax Penalties14:06 – Prohibited Transactions & IRS Rules19:44 – Maintenance Made Easy23:10 – Dual 401k Strategy for Married or Multi-Income Households26:41 – Final Tips: Control, Leverage & Long-Term Wealth28:47 – Where to Connect with DmitriyGuest:  Dmitriy FomichenkoWebsite: https://www.sensefinancial.comHOST:Melissa AarskaugExecutive Connect: https://www.executiveconnectpodcast.comYouTube: https://www.youtube.com/@ExecutiveConnectCONNECT WITH US:Podcast Website: https://www.executiveconnectpodcast.comYouTube: https://www.youtube.com/@ExecutiveConnectSOCIAL:LinkedIn: https://www.linkedin.com/in/melissa-aarskaug/TikTok: https://www.tiktok.com/@melissa_aarskaugX: https://x.com/melissaaarskaug