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Recent Posts
How Tariff Policies Could Shape the Economy and Your Portfolio

The buzz around tariff policies has been inescapable lately, with the Trump administration doubling down on its campaign promises to ...

The post How Tariff Policies Could Shape the Economy and Your Portfolio first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Tax Season Is Here: Are Your Witholdings on Track?

Tax season is in full swing, and with it comes the moment of truth: Are your withholdings hitting the mark? Whether you’re ...

The post Tax Season Is Here: Are Your Witholdings on Track? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Why Wealthy Families Love Family Offices—and How to Bring That Advantage to You

In a recent Fortune article titled “More than 8,000 family offices are revolutionizing wealth management. Are you rich enough to start one?”, the spotlight ...

The post Why Wealthy Families Love Family Offices—and How to Bring That Advantage to You first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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What to Know About Taking Social Security Early for Women

August 26, 2022

It’s been well documented that women tend to experience more pauses in their careers, reduced savings, and increased longevity. Unfortunately, these kinds of issues can all prove problematic for a woman who wants to save for retirement. With the right financial team at your side, you won’t just be saving for retirement and possible health expenses, but will also work on creating safety nets like other savings plans to help you when unexpected situations occur.

Fewer working years on average for women also impacts Social Security payments. While you can start taking your payments there as early as age 62, this is at a reduced dollar amount. Women who might need to exit the workforce sooner than men may realize their retirement is underfunded and will turn to Social Security at a younger age to bridge the gap. If you plan to take benefits early but keep working, bear in mind that you need to plan for how much you can make before benefits are reduced. In 2022, for example, the earnings limit is $19,560. After that, one out of every $2 earned will be withheld by SSA.

If you wait to claim your benefits until your full retirement age, you can do so without any impact on your other earnings. What this highlights is the importance of having multiple options in your plan as a woman. You might outlive your spouse but will need to provide for yourself. On top of that, you might have your own health challenges or want to leave specific assets behind for your children or grandchildren.

Knowing all the options available to you and continually revisiting your plan with a financial expert is strongly recommended. Contact our office today to start building your own blueprint for the future.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Payment Portal
for Tax and Accounting Invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
How Tariff Policies Could Shape the Economy and Your Portfolio

The buzz around tariff policies has been inescapable lately, with the Trump administration doubling down on its campaign promises to ...

The post How Tariff Policies Could Shape the Economy and Your Portfolio first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Tax Season Is Here: Are Your Witholdings on Track?

Tax season is in full swing, and with it comes the moment of truth: Are your withholdings hitting the mark? Whether you’re ...

The post Tax Season Is Here: Are Your Witholdings on Track? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Why Wealthy Families Love Family Offices—and How to Bring That Advantage to You

In a recent Fortune article titled “More than 8,000 family offices are revolutionizing wealth management. Are you rich enough to start one?”, the spotlight ...

The post Why Wealthy Families Love Family Offices—and How to Bring That Advantage to You first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more