Are retirement accounts liquid reserves?

[Account Closed]

I will qualify for the loan if retirement funds will be considered for equity and liquidity.

"List all forms of liquid assets such as personal and business cash, property accounts, marketable securities, 401Ks, IRAs,SEPs, college savings plans, trust accounts, etc.

We will need to see that the owners can show enough liquidity to fund both the 20% equity on a new purchase plus another 10% liquidity of the new loan amount. This 10% reserve helps to show that the owners have back up capital to fund any unexpected costs."

[Kyle Hipp]

if you have access to your retirement accounts like a 401k or IRA then they can be used for reserves. They will usually only count 70% of them as reserves, I believe, as if you withdraw there would be taxes and penalties.