Team photo
Centuria Financial Group


David P. McCabe,


Financial Planner, Prudential Advisors


Jason M. Bowers,


Financial Planner, Prudential Advisors


Nathaniel D. High, RICP®

Financial Planner, Prudential Advisors


Nicholas Over

Financial Planner, Prudential Advisors


Hillary K. Walsh

Client Relations Manager, Prudential Advisors


Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048


Phone:  443-952-7232

July/August 2022

Start Early

Start Early

When you're just starting out in the workforce, you may be spending most of your paycheck on living expenses. So, finding extra money to contribute toward retirement might not be a priority. But the fact is, saving for retirement during the early years of your career can potentially make a big difference in the amount of money you're able to accumulate.

Your Goals
While it might be difficult to imagine what kind of lifestyle you’ll want 40 or 50 years from now, thinking about your goals can help you determine how much you should set aside for retirement. In addition to your retirement lifestyle, remember to consider the amount you might need for health care costs or unexpected life events, such as disability or job loss.

Money for Emergencies
As soon you as you begin working, start setting aside money in an emergency fund. Your goal should be to save three to six months’ worth of living expenses in an account that you can access quickly without paying a penalty on withdrawals.

Your Employer’s Plan
Contributing a portion of your earnings to your employer’s 401(k) plan (or another qualified retirement plan) allows you to save money for the future and reduces your current income tax bite. Although you’ll pay taxes when you withdraw the money, your contributions and any earnings will have many years to potentially compound and grow tax deferred. A rule of thumb is to contribute at least 15% of your income to your plan. For 2022, you can set aside up to $20,500 in a tax-deferred account. If your employer matches a percentage of your contributions, make sure you take full advantage of these matching funds.

Tax-free Growth
A Roth IRA allows you to contribute after-tax money to an individual retirement account and make tax-free withdrawals of all contributions and earnings. To withdraw the gains without penalty, you must be at least age 59½ and have held the account for at least five years. If you’re under age 50, you can contribute up to $6,000 in 2022. However, income limits apply. Consult your financial professional, who can help you set goals and choose investments to help you reach them.



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Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Centuria Financial Group is not affiliated with Prudential Financial. Centuria Financial Group sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Centuria Financial Group is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Centuria Financial Group and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries. Hillary K. Walsh is employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
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