Air is mainly composed of nitrogen, oxygen, and argon, which together constitute the major gases of the atmosphere. Water vapor accounts for roughly 0.25% of the atmosphere by mass.
Physical property, such as real estate, does not qualify due to the unpredictable length of the sales process. As retirement accounts, 401(k)s and IRAs operate both as liquid assets and non-liquid assets depending on the circumstance.
Answers.comÂ® is making the world better one answer at a time. Yes an IRA is a 100% cash convertible liquid asset since there is no mandatory withholding. If you can't repay your IRA account within 60 days, it may incur a tax liability which would need to be worked out with the IRS when you file.