A monthly newsletter brought to you by Treece Financial Group | # 54 | November 2018
Holistic | Welcoming | Advocacy-Oriented Financial Planning
Your Vote Counts
What role might the economy play in the US midterms?

Tuesday's elections are sure to bring changes that will determine what direction our country's economy and policies will move over the next few years. After the November midterms, the strong US economy may be threatened by an escalating trade war or the specter of higher taxes. With growth slowing in China, Europe, and elsewhere, the global economy will need America to avoid those dangerous policy mistakes.

Electoral models predict that a strong economy favors the party in power, and that a weak economy dooms it to crushing losses. And yet, with the economy in its best condition in over a decade, most polls show a substantial Democratic Party lead in the run-up to the election.

Moreover, most political pundits predict that the Democrats will take back control of the House of Representatives. And some even foresee a “blue wave” in which Democrats also retake the Senate, despite having to defend far more seats than the Republicans. 

There are a number of plausible explanations for this anomaly. Read on to learn more ... 
Have election anxiety? You’re not alone!

Walking into a voting booth to cast your ballot can be an empowering experience. But in today’s intense political climate, elections can also bring about feelings of angst, uncertainty and anxiety.  
Social Security Benefits to Increase 2.8% in 2019

Social Security's cost-of-living adjustment (COLA) will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019.

The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics.

Some other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $132,900 from $128,400.

Social Security and SSI beneficiaries are normally notified by mail in early December about their new benefit amount. This year, for the first time, most people who receive Social Security payments will be able to view their COLA notice online through their  my Social Security  account. You can access or create your account online by clicking here .

Information about Medicare changes for 2019 is available at  www.medicare.gov . For Social Security beneficiaries receiving Medicare, Social Security will not be able to compute their new benefit amount until after the Medicare premium amounts for 2019 are announced. Final 2019 benefit amounts will be communicated to beneficiaries in December through the mailed COLA notice and  my   Social Security  Message Center.

Have questions about how to best manage your (or a loved one's) benefits? Give us a call at 305-751-8855 and we'd be happy to answer any questions you have!
Thanks to everyone who attended our recent tax strategy seminar in Fort Lauderdale — we hope to see you at one of our other upcoming events!
FTL new tax law photo collage
Get insights into the new tax law's far-reaching changes and what proposed Tax Reform 2.0 may bring

Complimentary Happy Hour & Presentation
with Mary Prados, CPA
Thursday, November 8, 6-8 p.m., Miami Shores Country Club

2018's tax law changes are far-reaching, subject to interpretation and revisions, and will impact nearly every person, family, and business. Figuring out your strategy is critical as year-end tax planning could be more complicated this year.

We hope you can be our guest on Thursday, November 8th from 6-8 pm at Miami Shores Country Club—simply click below to advance RSVP!
An LGBTQ Community Discussion: How Could the Elections Affect You?

Co-Presented by Treece Financial, SAVE & Lambda Living
Wednesday, November 14, 6:30-8 p.m., Lambda Living Center
Annual Holiday Party: A Colombian-Style Celebration!

Sunday, December 9, 4-9 p.m. at the home of David Treece & Luis Gonzalez Etchevest
Treece Financial Group serves a diverse, international clientele. Our clients include individuals from many racial and ethnic minorities, various religious backgrounds, uncommon family structures, and LGBTQ singles and couples. Unfortunately, the financial industry can be viewed as very traditional and unwelcoming to some individuals. We welcome everyone and approach each relationship with sensitivity and respect.
Registered Representative: Securities and Advisory Services offered through Cetera Advisors LLC, member FINRA/SIPC. Cetera is under separate ownership from any other entity.