I was just looking at my bags today and honestly kicking myself a bit. When AIPO, QQQ, and SMH dipped recently, I completely hesitated. Instead of loading up more like I planned, I just sat there. I think part of it is because I bought into some of these AI infrastructure plays after seeing them hyped up on YouTube, so my conviction wasn't as bulletproof as it should be.
But I really need to get my head straight because I've been running some math on getting old, and the numbers are absolutely terrifying. Have you guys ever actually calculated what medical bills and caregiver costs look like after age 60?
Just for a couple to survive from 60 to 99, assuming regular hospital visits and eventually needing caregivers in our 70s, it comes out to around $2.8 million in purely out-of-pocket expenses. If you factor in a 4% inflation rate over those decades, you literally need a starting nest egg of about $13.3 million just at age 60 so you don't go bankrupt before you die.
This is exactly why I'm trying to squeeze out every extra 1% yield in my retirement accounts right now. Just holding VOO, QQQ, or even hiding in gold isn't enough if you don't size it right early on.
I actually got so frustrated with all the basic retirement calculators out there missing these massive late-stage life costs that I’m building my own simulator. It runs 50-year backtests, models out bond laddering, and specifically subtracts those heavy medical and caregiver bills so you know exactly when you'll run out of money. I'm going to drop it on Gumroad soon at a huge discount to start, so keep an eye out if you're as paranoid about outliving your money as I am haha.
Catch you guys later, don't miss the next dip!
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