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Some Gen Xers are nearingretirementage.
Therefore, now can be an ideal time for them to start thinking about their financial future.
The oldest Gen Xers are turning 60 in 2025, meaning retirement could be on the horizon.
Part of this can be done by cleaning house both literally and figuratively.
Heres a look at four things Gen Xers might want to consider selling and putting the money toward retirement.
Also seethe top three retirement fears of Gen X.
When it comes to having cash on hand, he said there are limits to how much is beneficial.
He explained that now could be an ideal time to evaluate this situation.
Even if it means buying new furnishings and fixtures in the future.
Doing so can offer multiple benefits, according to Damsky.
He recently sold it on Facebook Marketplace for $500.
He said the decision to sell the bike was an all-around win for his client.
Since hes been going to the gym, he doesnt need the bike at home, he said.
When you invest the money, dont be afraid to stay invested in stocks, Damsky said.
The biggest self-inflicted problems I see from pre-retirees is shifting investments to be too conservative as they near retirement.
This can be problematic, because investments may need to last several decades.
That means dont be afraid to have plenty of equities.
The more you sell now, the more youll have to invest in your retirement.
Use that as motivation stop holding on to things you dont need.
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