A monthly newsletter brought to you by Treece Financial Group | # 58 | March 2019
Holistic | Welcoming | Advocacy-Oriented Financial Planning
Women's History Month recognizes the many historic advances females have contributed across all fields in our society. 

As we take time to reflect on these important accomplishments, it's also an ideal time to address female financial inequality and advocate for women's efforts to be rewarded as well as their male counterparts.

While women have been—and continue to be—fearless leaders and innovators, they've historically earned less and have less retirement savings than men. 

  • Women ages 45 to 64 are typically paid only 72 cents for every dollar paid to a man; younger women make less too – 91 cents on the dollar.1
  • The average American woman must save $1.25 for every $1 a man invests in retirement savings to build an equivalent nest egg.2
  • Women, on average, earn 76% of what men earn, resulting in an average lifetime earnings differential of $250,000.3

Women face unique challenges, including:

  • Many women in the “sandwich generation” are caught in the middle caring for aging parents, children and other family members.
  • When it comes to saving for health-care costs in retirement, women need to set aside more—almost 20% more, on average—to cover their medical bills in the final years of their lives.4
  • Women generally have a longer life expectancy and outlive men by an average of 5 years5, so Social Security and pensions may not provide enough to last throughout a woman's final years
  • Life events such as divorce and widowhood have a more pronounced impact on women than men.6

Women make up nearly half of the total U.S. workforce 7 and 44% of women are the primary breadwinners in their households 8, so the trend is looking brighter for the rising financial power of women. 

As political and societal shifts continue to work toward women's financial equality, it's crucial for women — and the men that have mothers, wives, daughters, girlfriends, aunts, friends, and other females in their lives that deserve their support — to take control of their own financial future.

David Treece and Treece Financial Group are here to help you and your loved ones develop strategies for retirement, investing, and creating a safety net for wherever life takes you. 

Give us a call today at 305-751-8855 for advice so you can dream big and live fearlessly as you continue to make her-story.
Data can be sexist

When I worked at Microsoft, we were passionate about connecting everybody to computers and software. To do it effectively and efficiently, we scrutinized data every single day.

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www.linkedin.com
The 6 Nasty Financial Surprises for Divorcing Women

An astounding 46 percent of divorced women recently surveyed by the online marketplace Worthy said that divorce brought with it financial surprises. I'm a Certified Divorce Financial Analyst and collaborated on that survey, and I can report that...

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www.nextavenue.org
Stop Counting Women

Quotas and tallies won't bring real progress on gender parity. I recently joined the board of a small nonprofit organization. I can't say for sure that my ovaries got me the gig, but I...

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www.nytimes.com
Retaining Older Women in the Workforce

Demographic and economic trends provide an opportunity for older women to expand their role in the labor market. Several female-dominated...

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www.horsesmouth.com
Tax Seminars Offered Insights into New Tax Code

Thanks to everyone who attended one of our February tax seminars that offered an overview of how the new tax code affects 2018 tax filing and offered tips for effective 2019 tax planning.

From Miami Shores to Wilton Manor, and in partnership with Brockway Memorial Library, Lambda Living, and the Miami-Dade Gay & Lesbian Chamber of Commerce we were able to connect with many community members who had great questions and feedback!

2019 Tax Tip:

The IRS encourages everyone to perform a "paycheck checkup" to see if you have the right amount of tax withheld for your personal situation.
Jackie Murphy
Referral Partner of the Month:
J. Murphy Executive Services: Estate & Probate Services

Jackie Murphy of J. Murphy Executive Services, LLC is unique in providing all in-field services related to personal property settlement allowing estate professionals to outsource those tasks. Their goal is to handle the often complicated details of settling assets efficiently and compassionately so clients can focus on the well being of the family and estate.  

  • Ensure everything is accounted for by locating, collecting, and taking inventory of assets.
  • Obtain appraisals and valuations speedily.
  • Protect heirs' personal property from that of the estate.
  • Help complete accounting by collecting receipts and disbursements from beneficiaries, vendors, and creditors.
  • Liquidate or donate assets. 

They work with highly qualified appraisers, liquidators, movers, contractors, and cleaning professionals, coordinating and supervising all aspects of those services.

Understanding the complexities and confidentiality of estate administration, they can act independently, communicating with beneficiaries and others on your behalf, or work behind the scene as part of your team. 

Note: We often get asked to recommend professional and other services. We never accept commissions or fee splits from those we recommend.

The above mentioned professional is not affiliated or registered with Cetera Advisors LLC.
Refer a client and join us at Wynwood Walls!

Do you have a relative or friend whom you think would benefit from our services?

If so, great! Simply email or call our office at 305-751-8855 with their information.

We are planning a private tour of the Wynwood Walls and lunch in the Design District in mid May for clients who refer a new client to us.

Refer a new client today and get on our event invitee list!
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity.

1 Source: US News & World Report, “Shortchanging Women”, April 4, 2017
2 Source: PlanAdvisor.com, “Gender Pay Gap Affects Women’s Retirement Savings,” January 18, 2017
3 Source: A Secure Life.com, “Women and Investing Statistics: Why More Women Should Plan for Retirement,” February 3, 2017.
4 Source: MarketWatch.com, The Wall Street Journal, “Why women pay 20% more for health care in retirement,” December 7, 2016
5 Source: World Economic Forum, March 2017
6 Source: Women’s Institute for a Secure Retirement.com, “Widows and Widowhood,” 2017
7 Source: U.S. Department of Labor Blog, “12 Stats about Working Women,” March 1, 2017. 
8 Source: CNBC.com, “For women, retirement can be a serious challenge, January 19, 2017