5 Things Gen Xers Should Not Sell While Approaching Retirement
Written by
Laura Beck
Edited by
Rebekah Evans
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Thinking about downsizing before retirement? Not so fast, Gen Xers. Here are some assets worth keeping, even when that decluttering urge kicks in.
Your Primary Home
Sure, downsizing sounds smart, but with rising rents and unpredictable housing markets, hanging onto your paid-off or nearly paid-off home could be your best financial buffer. Plus, you might need that extra space more than you think — from visiting grandkids to potential boomerang adult children.
Reliable Vehicles
That paid-off car you know inside and out? Keep it. New car prices are soaring and modern vehicles come with expensive tech that’s costly to repair. A well-maintained older car could save you thousands in retirement.
Quality Furniture
Those solid wood pieces you’ve had for years? They’re probably better made than anything you’d buy new. Good furniture holds value and replacing it often costs more than keeping it — especially with today’s prices.
Investment Properties
If you’ve got rental properties generating steady income, think twice before selling. They can provide reliable monthly cash flow during retirement, plus a hedge against inflation. Just consider hiring a property manager if maintenance becomes too much.
Family Heirlooms
Beyond sentimental value, many antiques and collectibles appreciate over time. That “outdated” jewelry or those “old-fashioned” dishes might be worth more than you think — both financially and to future generations.
Before selling anything substantial, talk to a financial advisor about how it fits into your retirement income strategy. Sometimes what seems like quick cash now could mean missing out on valuable long-term benefits.
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