Greetings - Planning Retirement in 50s
Saw that this site had some very specific and helpful advise as I was trying to investigate social security retirement benefits.
I'm the breadwinner in my family with three kids and a spouse. I save a lot and plan for the future. We are all fine for the moment - I support our daughter in college and one in a special needs school. That said, I am suppose to retire from my job in my mid-50s (10 years from now) and am trying to review and possibly make adjustments to my current situation now.
What I realized is that when I am forced to retire in my mid-50s, I will have one baby child in college, one special needs child with limited abilities to really support herself, and a Canadian spouse who will be in his mid-60s. So, this looks like a good site for me to belong to - bound to have questions and hopefully will also have some input for others between now and full retirement age!
I'm not really sure if I should post my specific question here - and/or do a separate post. Here goes anyhow.
When my first career ends in my 50s, my Canadian spouse will be at full retirement age - but hasn't worked significantly. If my internet research is correct, it appears he will not be eligible for Medicare until I turn 62. Does anyone know if he would be eligible for immediate 50% social security spousal benefits? He will be at the full retirement age even though I will only be in my mid-50s.
Thanks for any info!