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." |