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AIBU?

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Original poster

To liquidate everything when I get to 60 and live in luxury hotels until the cash runs out

505 replies

Everythingisnumbersnow · 08/02/2025 10:09

Just thinking who wants to be old anyway plus I really resent the idea of all my money going to dodgy offshore small business owners (aka care home owners).

We'll see how it goes but I'm pretty excited about this.

OP posts:
Original poster
Everythingisnumbersnow · 08/02/2025 11:12

ThreeTescoBags · 08/02/2025 11:09

If the basis of your objection is that you resent your money going to 'dodgy offshore business owners', I'm intrigued to know which bohemian community owned co-operatives you think owns the luxury hotel chains.

Ah but they give me pleasure in return

The care homes just leave you stewing in nappies until the underpaid care worker gets around to you

OP posts:
angela1952 · 08/02/2025 11:11

VickyEadieofThigh · 08/02/2025 11:03

But live where, if you've sold your house? £30K a year isn't a lot if you have to pay rent and bills and years down the line it's going to be worth a lot less than now.

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I'm guessing that £30k would be swallowed up in a couple of months if you needed any actual "care" beyond accommodation and meals.

Supergirlscousin · 08/02/2025 11:11

I live in guernsey and they are talking about adding GST (equivalent of VAT) to all food. Our food is already 30% higher cost than UK due shipping charges and we don’t have budget supermarkets. So our government want to tax us to eat.

I know people will say we’ve got lower taxes - this is true but the cost of living here is high - average house price 15 x median wage and costs a bomb to get off the rock.

tempted to liquidate when retire too and piss it all up the wall enjoying life (would give my kids some cash as well though)

Dotto · 08/02/2025 11:11

There are safe, free pharmacological ways anyone can unalive themselves, if they choose, when the time comes.

Hellskitchen24 · 08/02/2025 11:11

60 isn’t old. My mums 60, works full time, and has a much more active social life than me. I don’t consider her to be old at all.

Original poster
Everythingisnumbersnow · 08/02/2025 11:11

VickyEadieofThigh · 08/02/2025 11:03

But live where, if you've sold your house? £30K a year isn't a lot if you have to pay rent and bills and years down the line it's going to be worth a lot less than now.

Show quote history

30k scaled up

It would be quite a lot for a very elderly person (and a buttload more than almost everyone else will get)

OP posts:
ThreeTescoBags · 08/02/2025 11:09

If the basis of your objection is that you resent your money going to 'dodgy offshore business owners', I'm intrigued to know which bohemian community owned co-operatives you think owns the luxury hotel chains.

Original poster
Everythingisnumbersnow · 08/02/2025 11:09

BatchCookBabe · 08/02/2025 11:02

@Everythingisnumbersnow
**
The fantasy/the idea of it is much more exciting than the reality, which will end up with you living out your pension years/elderly years in abject poverty. You will also get bored and tired and stressed with the constant travel/living out of a suitcase. Dreadful idea.

But you know that (hopefully!)

Edited

Disagree. I hate clutter and "stuff". Suitcase living suits me well.

OP posts:
RedHillLady · 08/02/2025 11:09

How old are you @Everythingisnumbersnow

I'm reading this at 57 and think you are bonkers🤣

wingsspan · 08/02/2025 11:09

Everythingisnumbersnow · 08/02/2025 11:07

If everyone did this the model would have to change

It really, really wouldn't.

You would simply have a lot more elderly people who just don't have care and are not looked after, living out their lives in pain and poverty.

Nothing 'has to' happen at all. Society is deteriorating rapidly.

Wholeboxoftissues · 08/02/2025 11:08

Someone I know did this at 55, not even luxury hotels though just sold his house and used the proceeds to rent a flat and not work ever again. About ten years later the money was all gone and he was facing homelessness. Moved in with his kids in the end.

SerendipityJane · 08/02/2025 11:08

theDudesmummy · 08/02/2025 11:07

I strongly recommend you read the Somerset Maugham short story The Lotus Eaters. It will make you think (although not necessarily come to a conclusion).

O Level Eng. Lit. late 70s ?

kdramaqueen · 08/02/2025 11:08

SunnyViper · 08/02/2025 10:31

Unless you are a multimillionaire, this plan won’t work I’m afraid. You will need 5.5 million to live to 80(based on £500 a night) and that doesn’t include anything other than accommodation. I’d add another million for activities. Go for it it you have the money.

I figured £10 million would be needed - luxury hols etc.😉

theDudesmummy · 08/02/2025 11:07

I strongly recommend you read the Somerset Maugham short story The Lotus Eaters. It will make you think (although not necessarily come to a conclusion).

Original poster
Everythingisnumbersnow · 08/02/2025 11:07

If everyone did this the model would have to change

OP posts:
lazymum99 · 08/02/2025 11:07

We have a friend who is an undertaker and has to deal with deaths that happen on cruise ships and mostly Americans. He organised the shipment of the body of an elderly gentleman back to the US and then spoke to his widow about her getting back. Her reply was to send him back and she will continue on the cruise 😂

Original poster
Everythingisnumbersnow · 08/02/2025 11:07

Trolleysaregoodforemployment · 08/02/2025 10:58

Who should pay for your care in your latter years if you are unable live independently don't have family/ friends that can look after you.

It's wild that so many people say ' the state will pick up the tab'. It's not the state, it's other tax payers!

You moan about dodgy care home owners but intend to screw over tax payers and pensioners who have provided their care. You are no better than a dodgy off shore care home owner.

Edited

I would be very happy to take euthanasia instead but society doesn't want me to have access to it so... Guess I don't feel too bad either way.

As above, if my money was going to a good system where profits were reinvested I would support that. But I have done accountancy for care homes and imo they're disgusting bandits and I don't want to pay for their swimming pools.

OP posts:
angela1952 · 08/02/2025 11:07

Dotto · 08/02/2025 11:05

Care home living conditions are often the same for self-funders and council-funded, alike.

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But not all care homes are alike, if you pay you choose, some are lovely and some are grim.

Dorisbonson · 08/02/2025 11:06

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

You dont think "liquidate everything" covered selling residential assets?

wingsspan · 08/02/2025 11:06

There will always be a care system for those who need it.

@westisbest1982 Oh, you sweet summer child.

This is an incredibly naive thing to say/ think in the world we are currently living in. How on earth do you think this is going to be funded?

Old age is about to become so much more unpleasant for those without wealth.

PlanningTowns · 08/02/2025 11:05

Honestly if I didn’t have a child this would be a perfect option. Actually AI or cruises would appeal to me more to travel the world.

the only question is about bank accounts, credit cards, phone, car insurance etc - can you have them without a permanent address or do you have a P.O. Box?

angela1952 · 08/02/2025 11:05

curious79 · 08/02/2025 10:19

I think very good idea. Some people do cruises. The Savoy notoriously has long term residents, as do most other 5 star hotels. I suppose the rub comes if you were ever to need care? And I mean physical handling to wash, which hotels wouldn't offer. But that's not a reason not to do it, merely a future potential logistical challenge to overcome

I have a friend who spent a lot on holidays every year, crossing the Atlantic in style after travelling all over the world annually. Apparently there are people who live permanently on cruise ships - not the life I'd want, though some do love it.
I remember staying in good hotels when I was a child and seeing elderly people who were permanent residents.
I'd only worry about where the LA would dump me when my money ran out. As @StScholastica says, you'd have no say in the matter at all.

Dotto · 08/02/2025 11:05

wingsspan · 08/02/2025 11:03

Totally up to you but I think it's pretty short-sighted.

When you get to the stage when 'the rest comes after', you will care about your substandard living conditions.

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Care home living conditions are often the same for self-funders and council-funded, alike.

GreyCarpet · 08/02/2025 11:04

Sounds great, tbh, OP.

I'd love to do similar. Probably not at 60 and definitely not luxury hotels. It's only 10 years away and feels very young but why not?

People are generally too wedded to how things are 'supposed' to be or how things 'should' be done.

If you want to and you can, why not?

StScholastica · 08/02/2025 11:03

westisbest1982 · 08/02/2025 10:19

There will always be a care system for those who need it. Also, if you do end up self-funding, you’re likely going to end up living in a home with people who haven’t self-funded. So get that money spent.

There is a world of difference in what care looks like depending on if it's privately funded or state funded. If state funded, you literally get what you are allocated.