Private equity and real estate assets in retirement?
I have $5M in liquid assets spread evenly between retirement and non retirement accounts but also hold $4M in non liquid assets beyond my primary residence (private equity holdings and a couple rental properties). I have been presented with an opportunity to invest $1M in another private equity deal but based on my retirement plan that would put me below my liquid holdings needed to support my retirement.
Wondering how others look at their assets when you have a large amount of non-liquid holdings. I'm currently basing my spending on the liquid assets but that seems very limiting and doesn't feel like Fatfire but not sure how best to map out those non liquid holdings. Any advice from the group or good articles to read related to this topic?