I want to ask this here before call up agencies etc. We are 47 and 50 and have a 4 year old. We are low in the finances too.
Is there hope?
If you are open to special needs, you may want to go through Reece's Rainbow (look up the website). It is a fundraising site as well as a photolisting. I know couples who have adopted 4 or 5 kids, all with very little out-of-pocket cost to themselves. There is a huge variety of "special needs" and to be honest, many of them are written up to be more handicapped than they are. There are also perfectly healthy children who just happen to be older, and children with HIV who have no symptoms and probably never will since a cure is very close!
My gorgeous, intelligent, very lovable daughter was adopted with the help of RR last year.
I only have looked into international adoption, but I would say yes, maybe. You have to meet income guidelines which you can find at the above link. (They are slighly higher this year but not by much. That chart needs to be updated.) You can use assets to make up the difference if your income falls short.You need to include the child you want in your calculations.
Bulgaria is one country that I believe has no upper age limit on parents. Reece's Rainbow has a pretty active fb group you can request to join if you want to learn more about special-needs adoption and their funding program.
I am adding that yes foster adoption is a great option. I have three beautiful children adopted from foster care. I'm not saying it is easy. But, whether you give birth or adopt any child you don't know what their physical or mental health needs will be. Don't assume that all kids who need to be adopted are "broken." If you have a loving, stable home you would be a great candidate for foster adoption and depending on where you live the process can take 3 months to a year. The wait is so much shorter than private adoption and there are SO MANY children who need homes.