Financial Retirement Planning: Social Security & Medicare
Summary
In this episode of the Science of Economic Freedom podcast, “What You MUST Know About Social Security,” I speak with one of the best minds in the business when it comes to all things Social Security and Medicare: David Haman, client advisor at Mercer Advisors, and adjunct faculty member at the Widener University’s Graduate School of Business.
In this broad discussion of Social Security, David tells us all about the program, including:
- Retirement benefits, spousal benefits, dependent children and disability benefits
- Qualification for Social Security, and the “credits” model for benefits
- When you should elect to begin receiving Social Security benefits
- The importance of knowing your “full retirement age”
- The financial challenges/looming crisis of the Social Security program
- The importance of finding out your benefits, and how to do so at SSA.gov
- The taxation of Social Security benefits
- Medicare benefits and the medical benefits included in this program
- Social Security action steps
