• Question
  • All my assets are solid no liquid assets. What should I do to be able to survive??

    Asked by a 76 year old man from Asheboro, NC on 1/8/2014

    All my assets are solid no liquid assets. What should I do to be able to survive??

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  • Categories: Retirement Planning, Out of Money

Answers

  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • The answer depends on your financial needs -- now and into the future.

    Even if you guaranteed income meets or exceeds your expenditures, it is important to have liquid assets to cover for emergencies.

    You should probably look for ways to efficiently convert some money into readily available cash.

  • Login to rate this answer:   Answered on 1/15/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.