One definition of “legacy” is “something transmitted by or received from an ancestor or predecessor or from the past.” As baby boomers age, we think about our personal legacy, don’t we? I’m not referring to passing money or property to our kids. I’m talking about the intangibles, i.e., how will we be remembered when we are gone?
I’ve been busy this week getting rid of stuff, again. Early in the week I found a local non-profit that was willing to pick up some large pieces of furniture that I didn’t use: a sofa bed, chest of drawers, television, sectional sofa, and coffee table. Wow – did this open up some space in my house and my life!
I took another car-full of stuff to Goodwill and the dump today. As usual, it gave me another little “downsizing high.” I enjoy the realization that I am another car load closer to being able to move from this big house. Do you get a rush from freeing yourself from stuff?
According to the title from a well-known Thomas Wolfe novel, You Can’t Go Home Again. This sentiment is often brought up when we reminisce about the places where we grew up, our “family of origin” home. Sometimes we think that life would be better there, that we would feel more secure or more loved. I thought of this today while watching a local theater production of “The Trip to Bountiful.”
I have too much stuff in a house that’s too big. No big news there. Many people in my situation would hold garage sales and/or “moving” sales to get rid of a bunch of stuff all at once. I think garage sales are a poor investment of my time. I’m not ready to move so there is no point in opening up my house to a bunch of bargain hunters for a moving sale. Instead, when the mood hits, I take a few photographs, write a few words and “boom”, I’ve got stuff listed on Craigslist. So far it is working great, even for things I own that are not mainstream.
I am well into my second year of being a “downsize prepper”. (Do you like that term? I just made it up!) By this I mean that I am still living in an oversized house but stuff is leaving this house every week – permanently. I am working diligently on stuff removal so that I can be ready to make a downsizing move on short notice. Clothes, books, CDs, DVDs, knick-nacks, furniture, and stuff lurking in the garage and attic for years are my targets. My sons are afraid to be around me when I am in an active downsize mode because I constantly ask them if they want to have what I don’t want.
We continue with our downsizing plan by preparing to sell our large house in middle Tennessee. In 2012, we gutted and remodeled our master bathroom. Although the bathroom finishes and fixtures were not over the top, it was a significant investment. However, this money had to be spent so that this house would be marketable to anyone other than house flippers. At least we are getting to enjoy the new and improved master bath for a time before we sell. We are about to begin phase II of the remodel.
When we are in our “big” house in Tennessee, I remain in a downsizing state of mind. If I am not taking stuff to Goodwill or the dump, I am at least thinking about what should go next. At the same time, I am cognizant of an attachment to certain “stuff” that has been in our lives for many years. Today I had successes in both categories.
Surveys conducted by various financial services providers continue to show a disconnect between retirement reality and U.S. baby boomers. In a recent such survey, use of home equity as retirement income tool came front and center.
Another retirement list has been published by Topretirements.com. This one ranks the ten best states for retirement. I’m confident that many will shake their heads at some of the states on the list. But either way, reviewing retirement location lists and why certain places are there is worth your time.