Make sure you sell these 7 things before you retire in America — it can make (and save) you thousands of dollars

Home downsizing is a game-changer

For many retirees, the family home is a centerpiece asset and a big expense. Selling your current home and downsizing to a smaller property, condo or even a rental can free up significant cash while slashing property taxes, maintenance costs and utility bills.

In America's top 20 metropolitan areas, homeowners can save an average of about $196,000 by downsizing from a four-bedroom to a two-bedroom home, according to clark.com, a site founded by finance expert Clark Howard. If you own your home outright or have substantial equity, selling it could provide a windfall to pad your retirement savings. Plus, a smaller space often means fewer headaches and more time to enjoy your golden years.

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Multiple cars

If you’re no longer commuting daily or if you or your partner don’t need separate cars, selling extra vehicles can save thousands. Edmunds reported the average used car price in late 2024 was $27,177 — suggesting that shedding unused vehicles could add a significant amount to your retirement fund.

But the benefits don’t stop there. By selling an extra vehicle, you’ll also save on insurance, registration, maintenance and fuel, potentially cutting annual expenses by thousands.

Unused RVs or boats

Dreams of RV road trips or boating adventures often fizzle as retirees realize the costs and maintenance can rival — or even outweigh — the benefits. Selling these big-ticket items before retirement can recoup tens of thousands of dollars.

What a seller can get for their used RV varies greatly and depends on the RV’s size, type and condition. But like selling an unused car, the real savings arguably come from avoiding ongoing storage fees, insurance premiums and costly repairs that can drain your retirement budget.

Retire richer: The secret to building wealth faster

Most people miss out on key opportunities to grow their wealth. Partnering with the right financial advisor can help you secure a brighter future. Learn how to make your money work harder for you today.

Discover the secret

High-end furniture and antiques

Do you have a house full of furniture that won’t fit into your downsized living space? Or antique pieces gathering dust? Selling these items can bring in a surprising amount of cash.

Websites like Chairish or 1stDibs specialize in high-end furniture and antiques, helping sellers connect with buyers willing to pay top dollar. Downsizing your belongings not only declutters your space but also saves on moving costs. In some cases, selling large furniture pieces before you move could save hundreds — or even thousands — on relocation expenses.

Designer clothes, jewelry and accessories

If your closet is filled with designer handbags, expensive suits or fine jewelry that you rarely wear, now is the time to sell. Websites like Poshmark, The RealReal, or eBay can help you fetch fair market value for these items.

For retirees looking to simplify their wardrobe, selling luxury goods can provide a quick financial boost. Shedding expensive tastes also means fewer temptations to buy similar items in the future — another long-term savings win.

Unused exercise equipment

That treadmill, elliptical or weight set collecting dust in the basement could be a goldmine. High-quality exercise equipment retains significant resale value, especially as demand for home gyms continues to grow.

Selling unused equipment can net you anywhere from a few hundred to several thousand dollars, depending on the condition and brand. Plus, clearing out these bulky items creates extra space in your home — a win if you’re downsizing.

Collectibles and memorabilia

Are those old baseball cards, vintage comic books or rare coins gathering dust? These items may hold significant monetary value, but they often sit untouched for years. Before retiring, consider having your collections appraised and selling them to serious buyers.

The market for collectibles can be volatile, so timing your sale carefully is key. For example, a rare Superman comic book sold in 2024 for about $6 million, while sports memorabilia continues to fetch astounding prices. Even if your collection isn’t worth millions, selling it can produce an unexpected windfall.