It certainly is a dilemma. To spend or not to spend, that is the question.
I’ll share my situation which isn’t far off from yours.
I stopped gigging about 10 years ago, but unlike you I kept everything. Now I play mostly for my own entertainment and relaxation and to keep my mind sharp and my dexterity up (bumping 64 years old with a strong touch of arthritis). I occasionally get together with a few other like minded band players for some garage band jams or maybe a family member birthday party gig. But 99% of the time I’m playing these days I’m playing along with CDs and Pandora. It’s fun, it’s entertaining and it does make a difference on my arthritis, but basically it’s a hobby at this point, as is golf and target shooting and fishing and all the other things I do.
I still buy stuff but not tons and I still have a lot of stuff (Ampeg SVT-VR and Bergantino 610 cab…) that I haven’t used in a decade and probably won’t ever use again. Every now and then I sell a piece of something I no longer use and buy something I will use, so the money out of pocket for me might not be as much as the money out of pocket for you.
Only you can decide if you want to spend the thousand or two or three to get back into instrument playing. But it might be helpful to look at it as a hobby with potential mental and physical therapeutic benefits.
And now I put my Thunderbird Club hat on and advise you to buy one of the new Gibby NR birds in your favorite color for about $2000 and get a used BassMark 1x12 micro combo for about $800 and some instrument cables and a clip on tuner for another $200. So thats $3000 all in for a top of the line set up that you can run at bedroom, garage band and even small venue levels. Many will envy your tone and many will envy your style, but all will envy your Tbird.
I appreciate you relaying your experience and advice!

