Watch the video through the link and answer the following questions.

“What You MUST Know About Social Security and Medicare” Episode 24

Doug Fabian Featuring David Haman

https://www.scienceofeconomicfreedom.com/what-you-must-know-about-social-security-and-medicare

1.) Describe how to qualify for social security. How are credits obtained and how many do you need in order to be fully insured?

2.) How does Social Security look like a defined benefit? What are the differences?

3.) When is the earliest you can collect your social security benefit and the latest you can collect your benefit (exceptions aside)?

4.) Why might a client collect social security at 62 opposed to waiting?

5.) What is the “4 step process” a financial advisor should follow when it comes to making recommendations on when to taking social security?

6.) Describe how social security income is taxed.

7.) Describe the parts of Medicare.