New Year Planning, Global Investing, and Retiree Psychology

In this episode of the “Building Your Wealth Bridge” podcast, George C. McCabe, CPA, Financial Advisor, is joined by colleagues Zachary B. Morgan, CFA, CFP®, Financial Advisor, and Ryan Gandurski, Financial Advisor, for a comprehensive start-of-the-year planning discussion. With 2024 in the books, the team outlines how investors can use January as a strategic reset! Reviewing investments, refining tax strategies, strengthening cybersecurity, and preparing for the most important decade of retirement planning.The conversation moves beyond market headlines to focus on the broader financial picture! Helping both retirees and wealth builders prioritize what truly matters as a new year begins.The team engages in a detailed discussion on the following topics:• Your January Financial Planning Checklist: George walks through five key areas to revisit at the start of each year—investment rebalancing and RMD planning, early retirement account contributions, proactive tax review, estate plan updates, cybersecurity safeguards, and insurance coverage adjustments.• The Case for Global Diversification: Zac analyzes global market capitalization data and recent performance trends to explain why concentrating solely in U.S. stocks can create unnecessary risk, highlighting historical examples like Japan’s multi-decade recovery and the importance of owning companies worldwide.• The Psychology and Strategy of Retirement Distribution Planning: Ryan explores the shift from saving to spending in retirement, outlining key age milestones (59½, 62, 65, 70, and 73), safe withdrawal considerations, and why the 60–70 window is one of the most critical, and emotionally challenging financial planning periods of an investor’s life.As always, please send our team any questions or topics you’d like us to cover in the future.We hope this finds you well.9480 Enterprise Dr, Suite 1Mokena, IL 60448708-479-7755Securities offered through Cetera Wealth Service, LLC, member FINRA/SIPC. Advisory Services offered through AdvisorNet Wealth Partners, a registered investment adviser. Cetera is under separate ownership from any other named entity. Cetera Wealth Services, LLC, exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice.