Americans are worried about running out of money in retirement, selling unused assets can help.

From Yahoo Finance: 2025-04-20 07:44:00

A 2024 Allianz survey finds that nearly two in three Americans worry more about running out of money than death. Increasing retirement savings is the top solution. Unused items like cars, life insurance policies, and heirloom jewelry can be sold to boost retirement funds significantly.

Selling unused vehicles can save on insurance and maintenance costs. The average used car was listed for $25,180 in April, with a low supply expected to continue. Life insurance can be sold through a life settlement, netting seniors about 20% of the policy’s face value.

Consider selling life insurance policies if survivors no longer rely on you financially. Heirloom jewelry, vintage brooches, coin collections, and artwork can have unexpected value. Vintage jewelry, watches, and artwork can fetch thousands at auctions or resales, providing a financial boost for retirement.

Factors to consider when selling life insurance policies include taxes, public assistance eligibility, and personal information security. Due diligence and price comparison are essential when working with settlement companies. Vintage jewelry, watches, and artwork can be valuable assets for retirement funding. Trading valuable items for financial security can lead to a more stress-free retirement.

Read more: Looking to shore up your retirement savings? 3 unexpected high-value assets you can consider selling