1. Collectibles and antiques
No. 1 on our list of things you should sell before retirement are collectibles and antiques. For many of us, our collectible items hold more emotions and memories than other things in our lives. If you’re unsure about what to sell and what not, take it all in and ask yourself, “Does this thing have sentimental value to me?”
Of course, you don’t have to sell them all, but make sure you give up on those that no longer mean something to you. Besides, having such objects around the house may cause clutter, which is always a nuisance, especially if you plan to downsize.
Selling your antiques and collectibles may put more money in your pocket to cater to your retirement. Your golden years are a time to simplify our lives, not complicate them. Plus, when it comes to your nest egg, there’s no such thing as too much money, so any extra cash is welcomed.
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.