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

Answer: No-one!

This is mad OP. I can pretty much guarantee that as you get nearer to 60 you're not going to feel the same way about the remaining time you have left. And your assumption that after 75 there's nothing left to live for is obnoxious and wrong-headed.

Agree with pp who said you're being ageist. And with a massive chip on your shoulder judging by your oh-so-witty little sallies about Dave and Suzy.

My DM basically pissed away close to a million after my dad died almost 20 years ago (Travel, luxury living and most of all shopping!)
She enjoyed every bloody penny.
She's now mid 80's with very little mobility due to a congenital condition.
She regrets it not one jot!
Unfortunately (for her ) she's still here.
I've always told her to enjoy her life when she could and so glad she did.
DM never wanted nor planned to get to the age she has.
None of us know what tomorrow brings.
She made so many happy memories for us all in her big spend years.
No regrets from any of us.

Enjoy it while you can

I agree. Of course 60 is too young to do this. Unless you know you're going to die within 5 years, selling everything - including your home, and spaffing all the money on a big trip around the world around the world, is a stupid idea.

60 isn't old! You could live another 30 years and unless you are a millionaire your money will run out very quickly if you are staying in luxury hotels. You may end up homeless and penniless at 70 a time when most people are still very fit and healthy and enjoying life. Certainly too young to be in a care home!

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I think there are pretty strict rules for being buried at sea. I looked into it and could only find 2 places in the UK that would arrange it - and they wanted a fair whack as well.

This looks possible but not without significant risk. Also requires:
-annual renewal at an immigration centre (so being physically capable of appearing every year until the year you die)
demonstrating - an income or savings of min $20k (not a huge amount but might be difficult in the last few years)

-health insurance (could be hard and expensive to get this in the years before you die)

I suppose it depends on how much you'll have when you liquidate your assets. If it's a million it's not going to last very long and sixty is so young. If I were you I would wait until at least 70, but perhaps you are not in very good health (?)

@KaylaLS jie much is a cruise per month asking for a friend 🤣🤣🤣🤣

Thailand has a retirement visa, afaik.

Maybe there's a business model opportunity here?

How do you get a visa to live in Thailand though? It’s very hard for fit healthy young, wealthy working people to get residence in Thailand let alone someone going there to die

My friend has a lovely cheap air bnb apartment in Italy. Many of his clients are retired and travel from one cute little bnb rental to another.

That appeals to me.

I read about someone doing that on a cruise...it's crossed my mind as well

I don’t understand what people mean when they say this. What about the criminal justice system, the police? the roads, bridges, military forces? Underwater cabling bringing your internet? Trade agreements your tax pays the government to negotiate?

who thinks they don’t benefit from paying tax? That’s such basic bitch behaviour

I quite like this idea. I honestly would like to give the kids some inheritance spend what’s left frivolously and then be able to sign up for a voluntary euthanasia scheme. I don’t want to be old and incontinent and in pain.

and I have a lot of friends who never made it to 60. Why is OP ageist or unreasonable? It's her money, her life.

My friend, no kids, says she is going to do this!

Fully staffed, medical care in board, laundry,all meals, cleaning, gym and pools.

With some good holiday insurance she is planning to go round and round the world till she dies!

Care home fees are £6,000 per month locally, I can see her reasoning! 😆

Taxes are to benefit her? Bahaha
high earners prop half the society with their taxes

I have a better idea for you, go to a care home in Thailand, they have amazing ones with facilities like 5 star hotels at a fraction of a price

Are you expecting to die soon or something because 60 is really young? I get you about not wanting to go into a care home. It's something I dread. But I read some interesting statistics recently that said the number of people who end up in a care home are low percentage-wise for that demographic, and many only end up there for a short time. My neighbour died in her home a while back, and the next neighbour across also died in his home. Both my DH's parents died in their home, as did my Dad. There's probably some middle ground between liquidating your assets and disappearing off into the sunset and living some kind of alternative life?

Love this idea OP! Definitely do it 👏🏼

Living in a hotel is my dream. I think Nabokov lived his later years in a luxury hotel. It's amazing. 🤩