If you do not take medicare at 65, there are penalties. Is he in the group that does not get full Social 'security until 67? I can't get full SSI until then instead of 65.Deciding when to retire is a tough decision. Last week I read a story about an 80+ he old woman in FL whose health insurance payment is jumping from under $100 per month to almost $700 per month. My DH is now thinking that he might have to work until he is 70. It will be a long commute for him from Santa Cruz to Placerville. We have also thought about starting a business up there and paying for my healthcare.
There are so many considerations for retirement. I am thinking about it and would like to retire in three years at 60.