Is IRA countable as an asset?

[Binkylu]

I've been looking back through some threads to find this answer.  My understanding is that it would be counted as an asset but I wanted to clarify this as my parent has the bulk of his assets in this IRA.  Thanks for the info.

[vetadmin]

Do NOT count their residence or vehicle when estimating net worth.

Do NOT count a life insurance policy (because the policy holder must be
deceased in order to benefit from it).

DO count CDs, annuities, stocks, bonds, savings, checking, IRAs, Keogh,
etc.