IT assets have a life cycle of their own and must be managed accordingly for the company to not be at risk of any security or financial issues. This IT asset life cycle has stages just like a growing individual from birth to senility to the inevitable grave. The stages of IT asset management are planning, procurement, deployment, usage, upgrade, decommission, salvage and disposition. Our focus will be on the retirement and funeral management of these machines that work tirelessly for their organizations.