What is considered an asset?
Assets are cash, cash in savings and checking accounts, certificates of deposit, retirement accounts, IRAs, stocks and bonds, ownership of a business, Savings Bonds, property held by someone else in your name, and other forms of capital investment. Restricted accounts, such as IRAs, 401Ks, SEPs, and pension funds will not be counted as assets, but will be used to calculate gross income, if a household is currently drawing down from the account(s).
