5. Clothes, jewelry, and handbags you no longer use
Next on our list of things you should sell before retirement are clothes, jewelry, and handbags you no longer use. A good wardrobe can be expensive. If you’re one of those people who has a closet full of fashionable pieces of clothing, jewelry, and handbags, how can you possibly part with them? After all, you’ve spent some good money on them!
But ask yourself this question: “Will you be needing all of these?” If you have pieces of clothing you haven’t worn in years, you definitely should include them in the list of things you should sell before retirement. Besides, most of these things will idly waste away, taking up more space than needed.
So, consider decluttering your house by selling the stuff you no longer wear on eBay, ThredUp, or Swap.com. While it may take some time and effort, in the end, you may enjoy some extra cash you otherwise wouldn’t have.
Here’s a book with plenty of organizing strategies that can help you declutter your house!
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.