Nobody really knows how long they have left to live, but using one or more of the online actuarial calculators could give you some insight into how you should go about setting up your retirement and estate plan. Retirement planning, estate planning and elder care planning can go a long way in ensuring your quality of life does not suffer because you live 10 or 20 years longer than expected. That is why it is not such a good idea to use average life expectancies that are published by the Society of Actuaries when planning for retirement and long-term care issues.
This Mother's Day, Michigan residents should consider a rather unorthodox, yet very important gift and that is the peace of mind that comes when you and your mother know the family will be taken care of when the inevitable occurs. Estate planning can be one of the most important gifts you give your family because it takes much of the guessing out of what you, and your mother's wishes are in the event either of you should become incapacitated and unable to make important financial and medical decisions on your own behalf.