Team photo
Centuria Financial Group


David P. McCabe,


Financial Planner


Nathaniel D. High, RICP®

Financial Planner


Nicholas J. Over, CFP®

Financial Planner


Sara E. Martin

Client Relations Manager


Jennifer A. McCabe

Client Relations Specialist


Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048


Phone:  443-952-7232

November/December 2022

Easing into Retirement

Easing into Retirement

If you’re looking forward to more free time but aren’t quite ready to completely retire, semi-retirement might be the answer. While not every company offers this option, you may be able to create a plan for yourself that your employer will approve.

Benefits of Semi-retirement
Semi-retirement is becoming increasingly common as employers take advantage of the knowledge and expertise offered by seasoned workers. Meanwhile, employees may be able to delay withdrawing savings from retirement accounts, maintain relationships with coworkers, and benefit from the mental stimulation of the workplace.

Start with a Plan
Before you decide to pursue semi-retirement, come up with a realistic strategy for living on less money. Review your spending compared with your projected income to determine if you’ll have sufficient funds for living expenses. Cutting back on discretionary spending may improve your financial outlook.

Let it Grow
For every year beyond your full retirement age (FRA), up to age 70, that you wait to take Social Security benefits, your benefit amount will increase. Working part-time may allow you to delay applying for Social Security benefits, thus increasing the amount of your monthly payments over your lifetime. When you take benefits before your FRA and you’re still working, your benefit will be reduced if you earn more than the exemption amount ($19,560 in 2022).

Down with Debt
Before you consider working part-time, eliminate as much debt as you can. High-interest credit card debt is detrimental to your financial well-being, so make paying it off a priority. Also consider paying off your mortgage, if possible.

Plan for Health Care Costs
If you’re still employed and covered under an employer’s health insurance plan, you may be able to wait to start Medicare Part B benefits. If you’re self-employed, Medicare will typically become your primary health insurance, although you’ll probably want to purchase a supplemental policy to cover costs that Medicare doesn’t. Some supplemental plans offer dental, vision, and prescription drug coverage for an additional charge. Be certain you factor in health care costs when determining whether part-time employment is feasible.

Before you make any decision about semi-retirement, discuss your situation with your financial professional.



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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. Sara E. Martin and Jennifer McCabe are employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
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