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

[Everythingisnumbersnow]

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.

Yes but why 60 that's very young, I saw brilliant program about people retiring to a very glamorous hotel in Delhi, top notch they had A great life

Sounds amazing!

What happens if you don’t need care?

Asking for a friend.

Wouldn’t you miss having a home?

If you don't have anyone who you want to pass on your inheritance to why not. By the time your money runs out we might have euthanasia by the looks of things anyway. Likely to be no govt subsidies for care in the foreseeable future so you could end up homeless in a ditch.

I used to work at the Brighton Metropole and the top floor was 'residents' they used to come down for breakfast in dressing gowns and curlers. At £300 a night they could do as they liked!

Sounds great some go on a round the world cruise also cheaper than nursing homes. I certainly won’t be paying for sub standard care mind you 60 is very young.

OP, after reading in the paper today about Rachel Reeves now going after savings, and the constant doom and gloom about the cost of living going up, and thinking they'll be taxing the air that we breath next, I think your idea is great!

I'm thinking you're not in particularly good health? 60 isn't 'old' so obviously if you want to do it at such any early stage in your life, I'm thinking there are other issues at play. If you think you aren't going to live a long life and can afford it go for it!.

Married - most women outlive our husbands, sadly. No kids, thank goodness (typing this from bed as I anticipate brunch).

YABU and ageist.
I have friends in their 80s and 90s who are living full, happy and useful lives. You could be over 60 for a third of your life, and with more leisure than you have ever had before. Why would you want to spend it in poverty?

Yes I am but I'll sell it that's what liquidate means.

I don't - I want to spend it in luxury hotels!

This an amazing idea. If you can do it.

Nice idea in theory but I’m often disappointed by hotels. I’d need to have some sort of base, a little flat. Then go off travelling the world.

Yes but it will run out and then you’ll be poor!

Plan for a little bit of luxury hotel if that’s always been your dream but keep some to live on.

Not at all! No more tidying

How is this a YABU/YANBU? If you have the money to do this, of course you can.

I was thinking about this only the other day.

I suppose it depends on your assets, what sort of lifestyle you want and your health/any disabilities. At 60, you'd hope you have a good few years of good health that would allow you to travel and do whatever the fuck you liked.

Anyone currently owning a property in an expensive area could have a multi million pound asset at their disposal and if they sold this and invested the money, it would provide a very substantial income that they could gradually draw upon. Which, as an aside, is why no-one agrees when people in this situation argue that they are anything but wealthy.

You could go on an extended world cruise, or take out long term rentals in nice places or, like you say, live in a hotel. I know a couple who use their assets like this to live in the Canary Islands earning a pittance as dive guides a few days a week. So basically they're paid to go diving, rather than have to pay to do it. The rest of the time, they do what they like and have the nice weather and warmish sea all year round.

It’s in the title of the thread…

At 60 you are likely to have 30-35 years left, and for the last 5 or so of those you very likely will need a fair bit of help (not necessarily personal care) so you need to factor that in just in case euthanasia is not an option by then.

I'm not convinced that luxury hotel owners are any more virtuous than dodgy care home owners; or that you'll be that welcome if you're a dribbling (at both ends) demanding nonagenarian, but you do you.