What is my Liquid Capital?
Q. What is meant by "Liquid Capital?"
This includes all non-borrowed "liquid assets" that can be quickly converted to cash. Examples include:
- Savings Accounts
- Checking Accounts
- Money-Market Accounts
- Certificates of Deposit
- Life Insurance Cash Value
- Standard Stocks & Bonds
- Gift Receivable
Q. Is it possible for 401k and IRA assets to be "liquid?"
Yes. Set up a tax-deferred trust.Click here for more information.
Q. 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."