Accredited investor
I'm considering investing my Solo 401k into an investment that only allows accredited investors. How does the Solo 401k qualify to be accredited?
Answer:
In order for a Solo 401k to qualify as an accredited investor, the 401k owner must qualify:
1. Annual income of over $200,000 single, or $300,000 married, in each of the past 2 years.
2. Net worth in excess of $1,000,000, not including equity in investor’s personal residence.