There are some things you should sell before retirement!
If you’re about to retire and you’re thinking of getting rid of some stuff you no longer need, your intuition is good! Once you enter your golden years, you won’t use certain things, so why keep them?
However, before throwing them away or donating them, experts have a better idea: sell them! While donating stuff is always a good idea as there will always be someone in better need, you may own some objects that are worth a lot of money, and who doesn’t need some extra cash? That’s why we’ve rounded up some of the things you should sell before retirement!
Your golden years are a special phase where the paychecks will cease to come unless you have a passive income. Many people consider downsizing before retirement, not just to reduce expenses but also to make their lives simpler.
Without further ado, here are 8 things you should sell before retirement!
4 Responses
Loved the ideas, although I knew most to do it’s just getting it done. I do like the sites/places to go to be able to sell/trade for items that are older without holding a yard sale particularly at my senior age.
So sell your clothes, house, car. and what ever is left like collections and electronics (t.v. And stereo), so what do you do then. Live in s box
Exactly what I thought !
Of course it’s a good idea to eliminate (donate, throw away, or sell) items you no longer need in retirement, or any time, for that matter. It should be noted that personal items such as jewelry are not included in the assets that must be spent down before qualifying for Medicaid, so that’s a reason to keep them to pass on to heirs. Also, a spouse can continue to live in the house that a couple owns, even after their partner qualifies for Medicaid. However, the government can recover their expenses after the house is sold.