Is there a time in life where you should stop acquiring stuff, and even start to get rid of stuff you have?

As one gets older talk about one’s passing becomes more real, you lose friends, family, etc. to old age and illness associated with old age, and the talk comes down to what to do with the stuff of the departed? I know some friends who started jettison some of their crap because they did not want their relatives and family left behind to have to deal with it. I can see one having to buy things that attribute to everyday maintenance and living, but more golf clubs, a new weed whacker when the one originally purchased still works, more musical equipment when by the time you retire and really get to use it, you might have 8 good years to use it if health allows; it could be much less. Is there a time or age where acquiring more stuff is not truly feasible? To buy a sailing yacht when you are 68 doesn’t seem feasible to me, even if you had all electric wrenches the effort to keep up the maintenance and sail it to me would be at great difficulty, and not as enjoyable as if one were 31 years old and sailing.