I need to know where to find info about retiring now. My husband turns 65 next month, he is still working for his company in a part time basis called transition to retirement. He will need to retire at the end of the year because of the program. He then is qualified for full SS benefits in 3 months from retirement. I am 7 years younger then him and currently unemployed. I need somewhere to get the info I need for planning this as he has always left this stuff up to me. I need books or articles to read to have the knowledge to figure this out.
SAVAGE SAYS: I’m not sure what you have to figure out. His company will let him know the benefits he will be getting — either a rollover of a 40l(K) plan, or a pension. If he has a choice of doing a rollover, contact Fidelity (800-FIDELITY) and they will handle all the details, and give advice about investing the money. You, on the other hand, have the real problem. If your husband retires, will you have health insurance? (He should apply immediately for Medicare.) Go to www.65incorporated.com for details about applying for Medicare. But you need a job, to earn money and to get healthcare benefits. You have seven years before you can get SS benefits — either on your own work record, or on his work record. So put that time to good use.