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.

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.

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

If you sell your house and start using savings it could easily last 15 years. Then healthy part of old age close to gone so start using pension (I'm lucky enough to have db although that won't kick in fully until 68).

F’ing hell yeah! You only live once and I would do the same if I had the means!

Yes I think I'd prefer to commit all my money to the age when I can still enjoy it then the rest comes after

Show your workings!

Luxury hotels don't come cheap. I wouldn't want to live in a bedroom but a suite costs c£2k per night at the Ritz. Life expectancy at age 60 is around 20 years for a female in the UK. How many nights would you be able to afford OP?

Go for it!
but 60 is a bit young to do this imo

@Everythingisnumbersnow but what if you need actual care? If you have a stroke/develop dementia or some other joy of aging? It’s a brilliant idea if you live healthy and then die in your sleep at 75 but that’s not reality for most people 🤷‍♀️

I obviously wouldn't be in a suite (unless I had some terminal diagnosis!)

She did 😂

I plan on dying destitute and full of experiences. No one to inherit so very much plan on liquidating as we go.
Will be a fun ride for DH and I!

No I'm now married to someone else (who is much nicer)

There was an elderly lady in the US who did something similar.

There is a hotel chain, I think Courtyard by Marriott, that offers free breakfast, and a free drink and dinner (one choice only) with their rooms. Frequent stayers got one night in four for free. The lady moved in and said she had free internet, daily cleaning, people to talk to as she got to know the staff well, maintenance and utilities included, people who checked in on her every day, access to a gym and swimming pool, she could send her laundry out to be cleaned, when she had friends or family visit they booked into the hotel. When she wanted a holiday, she just booked into another Marriott for a couple of weeks.

She said it was cheaper than paying a mortgage, renting, or going into a care home.

Don't people do this on cruise ships?

Agree. Think it would drive me (more) demented to scrimp and save through last few good years only to be sitting next to people who didn't

Don't get me wrong I'd support a proper state model for care but we don't have one and fucked if I'm going to enrich Dave and Suzy of BVI

You may want to read "The Lotus Eater" by Somerset Maugham ....

I think this sounds fabulous. But after losing some people far to young I am very much more live in the moment than most people.

I also don’t think that even if you had children or people to inherit that should make a difference. I would much prefer my parents to live their best life, whatever that looks like and not consider my inheritance. I understand as parents we might like to, but again, I’d rather they helped/ I helped my kids whilst alive.

This just sounds fabulous OP.

I like the idea of buying a large property with friends and getting carers in - like a co-op style care home. With chef cooked lunch and dinner, entertainment, guest accommodation for family visits, pets

How many years could you afford and what would your plan be after that? Are you expecting your DH to die before you turn 60 or are you doing this together or separating? Just curious!

Ok I will!

My old neighbours were planning on selling in early 2020 to live permanently on cruise ships, unfortunately a global pandemic thwarted their plans and he got a bad bout of COVID and ended up in a nursing home until his recent death, she has sold the house, due to complete next week rather and is headed to Southampton to fulfill the dream

Hope you've got loads of dosh .....

Not knowing that end date is a killer 😁