I have not seen this question here so I wanted to get opinions.
I am a limited partner in a LLC with commercial real estate that is family owned and generates about $10 k /year. It has had Consistent performance for the past 10 years.
How would the funds be calculated for estimating retirement income ?
equity ? but it is not liquid. Fixed income like a bond ?
what Is the correct assumption ?
Are you asking how to allocate it on your balance sheet, i.e. what line item, or are you asking how to calculate the reliability of the income moving forward?
For the first question, I think it's fine to have a new category called "Real Estate" or "Hard Assets" that's distinct from stocks and bonds.
Regarding how to calculate the income on a go-forward basis, there's not a lot of info but my guess is that you're part of a group that owns some sort of commercial building with a tenant. If that's the case, the occupancy of the building is either 100% (the tenant is there paying rent) or 0% (the tenant leaves and you need to find a new one.) If the latter event, it can take a LONG time to replace a tenant in commercial property, and while waiting you have the joy of paying property taxes, utilities, upkeep, etc.
It's no surprise that income has been stable for 10 years...that entire time has been the "up leg" of the economic cycle. But once the "down leg" hits, we don't know how your investment will perform since we haven't gotten there yet.
If it were me and I was getting $10k a year, I'd project that going forward I'll earn half, i.e. $5,000. In years when you make $10k, save half of it for the rainy day fund. My two cents.