June 10, 2018

Here’s Your Do-or-Die Retirement Plan If You Have Nothing Saved

Sell Possessions

You’ve likely acquired assets over your life that carry value, so ask yourself what purpose those assets now serve. For example, if you have an art collection or a classic car that are mainly just conversation pieces, they could be extremely valuable if you sell them and put that money to your retirement. The right geeky collectible could make you millions. Other, more mundane items can also be sources of cash.


What You Can Save

For example, if you have an old CD or DVD collection, you might be surprised at how much money you could raise selling them online. The same goes for furniture you no longer need or use, or other household items. If you have possessions that would not reduce your quality of life if they disappeared, consider liquidating them as part of your retirement planning strategy.

Even just a few thousand dollars in sales can help you get closer to $150,000 in overall retirement savings.

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