Some individuals go through life living in the moment without thinking about the long-term. However, looking ahead and making projections in a sober minded and pragmatic way is important if you want to be prepared for all of the eventualities of aging. This involves putting aside any reluctance to examine subjects that can be sensitive, and of course for many people mortality is one of these topics.
In fact, passing on someday is a natural extension of life itself, and accepting this inevitability is the only logical approach.
With this in mind, when you are attempting to get a feel for your latter life expenses, your life expectancy is a relevant factor. It is also something to consider when you are deciding if you want to start receiving Social Security early or if you want to wait until you reach full retirement age.
If you see the logic in the above, you may want to utilize the life expectancy calculator that has been made available on the Social Security Administration website.
Careful preparation is essential if you want to have all of your bases covered as you enter different stages of life. The best way to proceed is with the assistance of a licensed, experienced, and savvy Los Gatos, CA retirement planning lawyer.