Originally posted by Flosshilde
View Post
The problem, as with most end of life calculations, is knowing when to adopt such a strategy. If you get to be 80, and live in the South East, and have a house worth (say) at least £500,000, then if you plan to live to 95, you can sell the house, and spend over 30k per year on cruises. I'm not sure that works out, and you perhaps wouldn't get the level of comfort etc you want for £30k/year, but of course if you don't mind causing a bit of havoc, you could always jump over the side, if you're still able to, when the money runs out.
There is a suggestion that the very last cheque you write should bounce - though there might not be cheques in a few years anyway.
Comment