Wednesday, December 1, 2021

On the Lighter Side

Ask the CFP

“A house is just a place to keep your stuff while you go out and get more stuff.” ~ George Carlin

Question: We’re getting ready to downsize our living situation. What are your suggestions? 

Answer: For many locals, Spring break is behind us, Easter and Passover Family gatherings have passed, presenting an opportunity to think about spring cleaning and as I like to say, right-sizing our living situations.


Spending time with family provides an opening to discuss what they may or may not want as we right-size. Interestingly, among the list of least-wanted heirlooms; fancy dinnerware, dark brown furniture and sewing machines.

As the fight against COVID-19 stretches on, we’re still spending more time at home than usual – making this a popular time to organize and declutter. But if you’re making a list of items for your kids or grandkids to pick up (when circumstances allow), you might want to establish a backup plan. According to Elizabeth Stewart, author of “No Thanks, Mom,” children of baby boomers aren’t interested in upsizing as their parents downsize. If your kids tend to favor the phrase “less is more” when it comes to possessions, check out this list of 10 items they probably don’t want – and learn what you can do with them.


Check for information about your books. If it’s rare or valuable, call a book antiquarian. Otherwise, ask libraries, schools, or charitable organizations like Ronald McDonald House if they can use them.


This includes old photos and greeting cards. Digitize family photos but keep the prints for those that are linked to a celebrity or historical moment, Stewart suggests. There might be a market for your historical snapshots among greeting card publishers and image archive companies. Other options include your local historical museum or county archives. The Center for American War Letters at Chapman University might be interested in any war letters and memorabilia.

Submitted Photo

Trunks, sewing machines and film projectors

They’re probably not valuable unless made by a renowned company. Consider donating.

Porcelain figures and decorative plates

Precious Moments figures may not be precious to your loved ones, but an assisted living facility may appreciate them for gift exchanges. Figurines that trigger fond memories may deserve a photo shoot with a professional photographer so you or your kids can continue to enjoy them without having to dust them.

Silver-plated objects

Unless your serving pieces and silverware are from a manufacturer along the lines of Tiffany or Cartier, consider donating them.

Sterling and crystal

Many families appreciate these as heirlooms. But if your family doesn’t, check sites like, which matches folks with pieces that will round out their collection.

Fancy dinnerware

The next generation likely isn’t interested in hauling out a full service for holiday meals. Again, consider selling to a replacement matching service.

Dark brown furniture

There’s still a market, likely secondhand stores, or antique lovers, who may look to upcycle your pieces for the modern aesthetic. But don’t expect much if you choose to sell. Stewart suggests you’ll receive about a quarter of the purchase price. Mid-century pieces should fetch higher prices if you decide to sell.

Persian rugs

High-end pieces are still selling in high-end places, like Martha’s Vineyard. Otherwise, your best bet may be to donate them.


If your children don’t want the delicate textiles, see if you can find someone who repurposes hand-embroidered work into special-occasion garments, like christening gowns. Theaters and costume shops may also appreciate them.

It can be emotional to sort through a lifetime of where we’ve been, even when it means clearing a path for the future. Loved ones and friends might be willing to lend a more objective eye as you cull – consider setting up a video chat to show your items, share stories and hear their opinion. Make sure you’re willing to return the favor, too.

If you need even more objectivity, find a professional through the National Association of Senior Move Managers whose job it is to help people downsize. There are also companies that specialize in managing estate sales to help you manage the task. Stay focused and plan accordingly. 

This report is not a complete description of the securities, markets, or developments referred to in this material and does not include all available data necessary for making an investment decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. There is no assurance that any investment strategy will be successful. The opinions expressed are those of the writer as of April 13, 2021 but not necessarily those of Raymond James and Associates, and subject to change at any time. Information contained in this report was received from sources believed to be reliable, but accuracy is not guaranteed. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

“Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.” 

This article provided by Darcie Guerin, CFP®, Vice President, Investments & Branch Manager of Raymond James & Associates, Inc. Member New York Stock Exchange/SIPC 606 Bald Eagle Dr. Suite 401, Marco Island, FL 34145. She may be reached at (239)389-1041, email Website:



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