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


Melissa L. Lang

Client Relations Manager, Prudential Advisors


Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048


Phone:  443-952-7232

March/April 2022

Avoid These Retirement Planning Mistakes

Avoid These Retirement Planning Mistakes

Make a mistake with your monthly budget and you might have to tighten your belt for a few weeks. Make a mistake with retirement planning and you could have to modify— or even delay — the retirement you’ve dreamed about. Help improve your financial future by avoiding these pitfalls.

Neglecting the Basics
Planning for your future should start with making sure your finances are in order in the present. Build an emergency fund to eventually cover six to twelve months’ worth of living expenses in case of an unexpected expense or a job loss. Once you’ve set up your fund, start paying off any credit card debt or personal loans. High interest rates can decimate your retirement savings, so make sure you’re debt free before you stop working.

Waiting to Contribute
Time is your ally when it comes to saving for retirement. As soon as you’re eligible, start contributing to your employer’s retirement plan. Contribute the maximum amount you can afford, or at least the percentage of pay your employer will match.

Saving for College Instead of Retirement
Ideally, you should put money aside for both your child’s college education and your retirement. But if you’re having a hard time saving for both goals, your retirement should take priority. Remember, your child can borrow money for college, but you can’t get a loan for retirement.

Forgetting to Plan Ahead
You probably have many goals. You may need money for some of them in a year or two, such as a new car or a special trip, while others, like retirement, may be farther in the future. Thinking about your financial objectives in two years or ten years or 40 years can help you choose investments for all your short-term, mid-term, and long-term goals.

Selling in a Down Market
Some investors panic when the market takes a nosedive. But a down market is the wrong time to sell investments. Being out of the market when it begins to recover may result in significantly lower returns than if you had waited out the downturn. Your financial professional can help align your portfolio to fit your risk tolerance.



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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 and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a 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. Melissa L. Lang is employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
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