7. Unused garage tools and junk
Next on our list of things you should sell before retirement are unused garage shelves and other junk you store there. When stuck in a difficult situation, your garage could be your best friend. But in order to be able to find those useful tools in your garage, you need to take out those neglected items for valuation and cleaning.
Let’s be honest: the garage is often the place where we store everything we don’t want to keep inside the house, so it’s easily prone to clutter.
Once you have your garage neat, you’ll have a better view of the things you should sell before retirement. You could make some extra cash by holding a garage sale. There are many online sites, like OfferUp, that allow you to sell your tolls and set a price. If you’re not sure about what to keep, make an inventory to narrow your preferences.
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.