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William Rambaum, PA Clearwater & Oldsmar Elder Law Attorney

Saying Good Riddance To Clutter And Debt When You Retire


Having a friend who has adopted the decluttering ethos and wants you to join them in it is as annoying as having a friend who really wants you to join a multilevel marketing business opportunity.  Your decluttering enthusiast friend might try to tell you that the winter coats in your closet and the tchotchkes on your TV console are making you miserable, but you disagree, just as when a friend who tells you that vitamin supplements sold only through a multilevel marketing business opportunity will restore your natural hair color to what it was before it turned gray, you know better than to believe it.  In fact, decluttering can be helping in retirement planning, but not in the way your minimalist friend thinks.  You can keep your winter coats if you wear them on the rare occasions that you visit relatives and friends up north in the winter, and you can keep the tchotchkes if they remind you of happy memories.  Some strategic decluttering can help you get into the retirement planning mindset, but a Central Florida estate planning lawyer can help even more.

Ditching Your Storage Unit Can Be Emotionally and Financially Rewarding

Staying in your longtime residence after you retire is a good idea from a financial perspective; the surest indicator of financial security is owning a house with a paid off mortgage.  Selling the house where you raised your children and moving into a stylish tiny house in a neighborhood where you are surrounded by like-minded seniors is also a solid choice.  Both of these options mean that the stuff that is currently in your storage unit does not have a place in your house in the future.

Perhaps you got stuck with the stuff (excuse me, family heirlooms) because no one else wanted it and you didn’t want to be the one to sell it or trash it.  Getting rid of your storage unit is a useful step toward being ready for retirement.  Tell your family members that if they want any of the stuff in the storage unit, now is the time to get it.  After that, sell the things you can sell, and trash the rest.  You won’t miss your old VHS tapes or the dinner napkins you inherited from your maiden aunt who never thought that your behavior was befitting of a proper lady.  Even if the amount of money you get by selling your family heirloom dining table and your late father’s golf clubs is modest, not having a storage unit is one less recurring expense.  You can use the money toward paying off your mortgage.

Contact an Attorney for Help

Retirement is a lot of fun when you can get out of the lifestyle creep mindset.  A Clearwater estate planning lawyer can help you think about all of the big questions and considerations that seem foreign to you now that you are still working, but that you will need to think about before you retire.  Contact William Rambaum for help today.

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