Who thought we would see the day when an anti-aging drug will be put on the market but it seems as if this could soon become a reality. The Food and Drug Administration has recently approved a trial to test out a drug that can slow the aging process and dramatically increase a person's life span. Already on the market as the world's most widely used diabetes drug, Metformin, the FDA wants to see how effective it is as an anti-aging drug.
There are billions of cell divisions that occur over time and as more cells divide, problems arise and cells can lose their ability to repair damage, which then begins the aging process. This drug boosts the number of oxygen molecules that are released into a cell, and as a result will increase longevity and robustness.
The drug will be tested by 3,000 70-80 year olds in the upcoming years. This drug is currently on trial so it will not be available just yet, but if and when it is available for this purpose, it could have a significant impact on estate planning and retirement.