Longevity is important to me, but I have decided that Health span holds higher value in my determination of my personal approach. Also, my 401k may not last long enough if I live too long:) . Testosterone had dramatic health span improvements for myself and many of my patients, but I do not recommend anyone start it if they do not have symptoms issues that it may help or continue treatment if they do not see a quality of life improvement to balance the risks. (from this post)
Try looking into fixed SPIAs. Guaranteed by the state to beat Treasuries with reasonable risks involving state guaranty funds up to the limit, so the counterparty risk is near zero. Basically, the ultimate longevity bet on yourself. The insurance companies won’t know what hit them as it’s not an emerging tail risk that actuaries are even aware of last time I did a small survey.
I happen to be very familiar with how to beat insurance at its own game and search for underwriting mistakes as “guaranteed” investments btw, I’ve done it several times and it’s resulted in big winnings. I was going to invest in a pool of life settlements (because I happen to be pretty accurate empirically from my own algorithmic estimates tested empirically), but I decided against it due to my position.
I also happen to know how to legally avoid all capital gains taxes by deferring indefinitely with an IRS-compliant offshore private placement life insurance vehicle and borrowing against myself. (Long story short, basically avoid life insurance salesmen who are selling BS with a big front load fee and just “DIY” with a trusted and competent legal advisor)
This should be enough for people who are highly financially literate here to save enough for their presumably much longer-than-average lifespan. If you have financial problems barring you from becoming financially literate - I also have other simple solutions for you to share - just let me know.
Note to some people in the audience: Don’t ask me to invest for you or ask for investment advice, please. I’m just giving some suggestions for research, so you can make informed investment decisions and not screw over your finances and pay a bunch of unnecessary taxes if you live longer than expected. If you make any mistakes in execution - I have nothing to do with that.
I don’t mention or recommend any securities or companies and I’m not affiliated with any. I also don’t like managing limited partners, I’ve been there - it’s a pain and I’m not fond of doing it even though I’m fairly good at generating returns. I’m just looking to share the wealth on an easy win to stick it to the insurance companies I dislike. And I’m going to stick to a physician-scientist career because I don’t really have much use for more than 5M. (Maybe I’ll raise funds from a VC or foundation if I invent something of value to do 100M clinical trial expenses someday)