Monday

While I do not think about DEATH, I am cognizant of the fact that my life will not last much longer in that I have less years to live than I have already lived.  My mother lived to almost 96 and my father lived to 89, so there is longevity on both sides and both had diseases that might have killed them if they had not of died from old age first.  My father's body just quit all of a sudden one morning after talking with him on the phone and my mother declined rapidly as well but took several days...  neither disease killed them although their diseases influenced the ability of their bodies to last longer.

With my cancers, I suppose that I will be in a similar situation and figure that at the most I have 20-25 years left to live...  which would take me to 92 or 97...

So, what do I do each day?

What I do not do is sit around and ponder how long I have to live...  I do that only as an exercise to calculate how much money we will need and then how much money my wife will need to live to 95 if I were to die today or at the end of the year, making it easier to calculate.

SO...  the start year would be January 2021... and she would be 68 years of age...  and, 25 years would take her to age 93 which might be a little low but 25 years is a good target from which to build.

According to what I read online at the SS website, because she is also drawing SS, when I die, she would stop drawing her SS and receive 100% of mine.  If she had not been eligible for SS, then she would have only been able to receive 71% of my SS...

With that number in mind and estimating her future expenses and future deficits, she will need right around $2,000 each month or $24,000 each year or $240,000 each decade.  Given the estimated time at 2.5 decades, she will need $600,000...

AND, the longer I live the more that number is reduced...