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.

Sounds awful. Never being able to invite people for a party, no gardening, not being able to make your own toast whenever you fancy and always having to eat from the menu. No control over what tv channels you have or how loud you can play your music. Surrounded by strangers and having people come into your room every day. No pets. Loads of stairs and lifts to get in and out all the time. Having to be polite to the staff and front counter all the time even if you don't like them. Luxury hotels usually in the middle of nowhere or the middle of a city. Can't just pop to a friends for a catch up and vice versa.

It sounds shit really.

YABU to use that title if you're fortunate enough to have a DB pension, you're not really talking about liquidating everything at all. Just spending your non-pension assets on what you want.

The people that opt for round the world cruises - what happens if they die onboard ship? Do they get 'buried' at sea?

I'm not keen on cruising, I felt seasick when I went round the Aegean and up the Italian riviera, so I think I'd book back to back all inclusive holidays for as long as I could afford to. I'd still like to have a base to return to though, so I'd ask my DD if I could stick a static caravan in one of her fields - she's a farmer,

Too young @Everythingisnumbersnow
I get your point but I'm nearly 56, still working and planning to retire at 60.
I'm intending to live my best life and spend big.
Maybe what you are planning is great late 70s or 80s.
My Mum is 83 and off to Spain tomorrow to visit some friends.

Seriously - ageist? OP isn't saying anyone else should do this - she is not suggesting older are not living happy or fulfilled lives! OP is just imagining what her life might be in her later years...

@warmheartcoldfeet some people move to retirement flats/villages that would be slightly similar (can usually take a pet but not get a new one) to living in a hotel

There was that cruise ship that got stuck in Belfast for a number of months but then was going to go on a 3 year round the world cruise, where you could buy your cabin

Life expectancy in the UK is currently 81... so you're over estimating by a whole decade there!!

I was all prepared to say YABU, but actually, fuck it. Fuck it in the arse. There are cruises where retirees spend most of the year waited on hand & foot.

I have had several long-term stays of about three months in various hotels in Europe when I was working abroad and loved it. Most of the rooms I book for long-term use have little mini kitchens so I had my own sink, fridge, kettle, toaster and microwave etc to help out when didn't want to venture out of my room the restaurant. Many of these rooms are available at a much reduced rate for long-term use. I would 100% be up for spending my retirement like that!

She literally said ‘Who wants to be old anyway’!

Grate plan if you have the agency to do yourself in when the cash comes to an end.
My sad observation though is that it rarely happens that way. My dmum always said that. Sadly she now has dementia and missed her chance. I expect all her money to go to care homes.

“show us the workings”
I’d love to see them too. It’s an intriguing idea. Are we talking travelling abroad or round the UK, moving from hotel to hotel.. maybe picking up work here and there? Are you selling everything? Are you doing this as a couple?
so many questions really..

I get where you're coming from

Even nowadays, for most people once they reach 80/85 (for many around 75/78) even with their marbles intact, most will have some sort of mobility issues - I say most, there are exceptions - or their worlds will have 'shrunk' in the sense that they just don't fancy doing lots of things or venturing that far. So likely most active between, say, 65-75.

My parents-in-laws are bright and fun and do cruises from Southampton a couple of times per year and that suits them as MIL (83) has mobility issues and FIL is starting to get dizzy and tires easily (85). Up until they were 75, they were travelling and out all the time, more than we were but it's definitely tapered off as it does for most, I think.

My Mum was active and did lots of walking until around 78, after that she still managed walking to the shops etc but this has also tapered off since she was 83 (had a fall - think for women falls are more common).

So the 'health span' (as opposed to 'life span) would suggest do the things you love now, i.e. before you are retired and then maximise travel, spending when fully retired because you're unlikely to do all of this throughout your 'life span'.

Well each to their own, I guess its as good plan as any - as long as you dont outlive your money!

Liquidating everything the council can force me to pay over to Dave and Suzy

I'm 60... I don't consider myself old!
Your money, your choice
It sounds lovely in theory, but personally i like freedom of choice even on mundane things like what and when to eat or not. Seeing friends, perhaps having pets,
I also wouldn't enjoy walking through a large hotel just to reach daylight.
I can understand downsizing to a hut because that hut would be my space without people everywhere

It is a throw away comment not meant to offend. Some people find offence in anything these days

I once worked out that’s was cheaper to stay in a Premier Inn than rent a studio flat in my area. It was when they had £29 rooms. Not quite the high life but an intriguing prospect!

Pretty sure there was an article not that long ago about a couple that did that. They flogged their house and found a long-term booking with a hotel was cheaper than renting. Which (if anybody cares) tells us a lot about the value of land, housing and ownership in the UK.

It's a snag people have contemplated ....

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.

I for one, plan to top myself when my chronic health condition starts to cause problems. My life expectancy is around 75 if lucky so about 10 years.
Family are aware and I'm going to spend money doing things I enjoy with dh. Very big family , kids would get much when it was all split up so no point.
Go for OP.

So the 'health span' (as opposed to 'life span) would suggest do the things you love now, i.e. before you are retired and then maximise travel, spending when fully retired because you're unlikely to do all of this throughout your 'life span'.

My DH and I are 74 and 63 respectively. No kids and both fit and well. We are doing all the travel we can now. You only get one shot at life and at our time in life you just never know when major health issues will strike.

Cruise ships have hospital facilities, medical staff and morgues. I doubt they'd bury you at sea unless you wanted that, although I don't know if it's allowed. I expect they put people who die onboard ship, which will happen, in the morgue and then get them moved to one on land at the next port.

How old are you, I also want to do this and want to know how it goes for you 😂

I love idea of hotel breakfasts every day, no bills admin, no council tax, all the "housework" and bedding done for me, spa, pool and gym on tap. Might choose somewhere abroad through for the weather.

Everyone in my family dies before 70, so I might start at 50.

@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. Dreadful idea.

But you know that (hopefully!)