4. Furniture
Other things you should sell before retirement are your furniture items. If you’re taking your time to liquidate all your furniture or selling it piece by piece, you’ll certainly save money. Moreover, with the right buyers, you could have hundreds or even thousands of dollars in your pocket in just a few weeks, which will come in handy for other expenses and needs.
However, keep in mind that furniture can be tricky to liquidate because it’s more vulnerable to damage, especially when it’s not stored in a warehouse. If there are any flaws, you may be able to sell it online or at a flea market, but at a lesser profit. Nevertheless, the money may still be enough to meet some financial demands.
Keep reading to discover other 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.