What is my Liquid Capital?
This includes all non-borrowed "liquid assets" that can be quickly converted to cash. Examples include:
  • Cash
  • Savings Accounts
  • Checking Accounts
  • Money-Market Accounts
  • Certificates of Deposit
  • Life Insurance Cash Value
  • Standard Stocks & Bonds
  • Excess Home Equity
  • Retirement Funds

Is it possible for 401k and IRA assets to be "liquid?"

Yes. Set up a tax-deferred trust.

Can real estate be a "liquid asset?"

 Yes. If you have a line of credit secured by your equity in real estate, the unused line of credit is a "liquid asset."