DH and I are having an argument about terminology.
I say that any of our financial instrumentstruments are liquid. He says that anything not in cash is not liquid. Probably both of us are making these definitions too rigid. But...
Specifically, are talking about 401K investments that our friend has, in the context of her desire to buy a house.
So my question: would you call 401K funds belonging to someone 67 years old to be “liquid “ assets?