Retire assets You can retire an asset at any time. Before you beginRole required: asset About this task After you change the state of an asset to Retired, the Substate field is active. When you retire an asset, the status of related CIs also changes to Retired. Selecting a substate is not required, but can be helpful for tracking and reporting. Procedure Navigate to Asset > Portfolios > All Assets. In State, select Retired. (Optional) In Substate, select Disposed, Sold, Donated, or Vendor Credit. Click Update.