Centuria Financial Group's LTM E-Newsletter

1021223-00005-00

David P. McCabe,

WMCP^®, ChFC^®, CLU^®

Financial Planner

david.mccabe@prudential.com

Nathaniel D. High, RICP^®

Financial Planner

nathaniel.high@prudential.com

Nicholas J. Over, CFP^®

Financial Planner

nicholas.over@prudential.com

Sara E. Martin

Client Relations Manager

sara.martin@prudential.com

Jennifer A. McCabe

Client Relations Specialist

jennifer.mccabe@prudential.com

Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048

Phone: 443-952-7232

July/August 2023

Understanding ETF Considerations

Investors who are looking for a low-cost investment that offers diversification and tax efficiency may want to consider exchange-traded funds (ETFs)*.

Inflation and Your Tax Bill

Inflation is measured by changes over time in the price of a fixed basket of goods and services that represent the everyday purchases of U.S. households. Each year, the IRS makes adjustments for inflation to certain items used to prepare your income tax return.

Increase and Protect Wealth With Life Insurance

In its most basic form, life insurance* is pure financial protection. Most people buy life insurance to provide the financial means to pay final expenses, cover outstanding debts and leave family with the financial ability to carry on.

Stable Value Funds: A Layer of Protection

Stable value funds* contain a diversified portfolio of fixed-income securities designed to help reduce overall portfolio risk while earning returns that mirror those of an intermediate-term bond fund. Stable value funds offer minimal volatility and low correlation to other asset classes.

The Nuts and Bolts of a Charitable Lead Trust

High net worth families often face the dual challenges of giving to charity while also ensuring that loved ones – especially a surviving spouse and children – remain financially secure. A charitable lead trust can help meet these dual challenges.

Understanding APR

If you apply for a loan or open a savings or investment account that pays interest, the documents you sign will include the annual percentage rate, or APR. APR is the yearly interest rate charged for borrowing money or the annual interest rate earned on an investment.

Welcome to the Sandwich Generation

Approximately one quarter of U.S. adults are members of the “sandwich generation” — individuals who have parents older than 65 and who either are raising at least one child younger than 18 or have provided financial support to an adult child.*

Secure Act 2.0: Boosting Retirement Readiness

The Secure 2.0 Act of 2022 expands some provisions contained in previous versions of the Act and adds some new ones. The goal is to make saving for the future easier.

Financial Security Begins When You're Young

When you tossed your mortarboard in the air at graduation, you probably weren’t thinking about the day you would retire. But planning for retirement starts decades before you ever leave the workforce. Ideally, it begins with your first adult job and continues throughout your career. Taking steps to ensure your success should be a priority.

Help Your Startup Weather Record-high Inflation

Costs go up and sales go down. That’s the double whammy of inflation. When prices of the items you need to run your business increase, profit margins decrease, leaving a business owner in a precarious position. Here are steps you can take that may help maintain profits.

Tax Planning Takes a Village

A successful business requires planning, so when it comes to determining your business’s income taxes, tax planning can help make the most of deductions and potentially lower your tax bill. By assembling a team of tax, legal and financial professionals, you may be able to create tax strategies that can reduce what you owe.

Understanding QLAC

A Qualified Longevity Annuity Contract (QLAC)* is a type of deferred annuity purchased with funds from a qualified retirement plan or individual retirement account. It is designed to provide guaranteed income later in life. A QLAC may help a retiree remain in a lower tax bracket by reducing the balance in a retirement account used to calculate required minimum distributions (RMDs).

Estate Planning Basics: Financial Power of Attorney

You probably know that your most important estate planning document is your will. Your will specifies how you want your property distributed after your death and names a guardian for any minor children you have. But there are other documents you should consider in your estate planning, including a financial power of attorney.

Environmental Social and Governance

Environmental and social issues are heavily reported topics in American news these days. This heightened awareness among citizens has led to cultural changes in areas from environmental issues to human rights. Financial services firms have created a new form of sustainable investments in response to this cultural shift.

Decoding Investment Jargon

Because it is so commonplace, investment jargon can stump even regular investors. But high net worth investors may want to pay extra attention to decipher this handful of definitions.

Don't Put Off "The Talk"

How much have your parents shared with you about their finances and estate plan? It’s a difficult subject for most families. Parents often don’t want to discuss their personal finances, and adult children may be reluctant to initiate the conversation.

How to Create a Value Statement

If you are interested in choosing among potential charitable endeavors, a value statement can guide you and your loved ones.

A Financial Wellness Checkup

How are your finances doing? If you're not sure, it may be time to take steps to assess your financial health.

Number of US Dollar Millionaires By Country, 2021

Check out this pie chart showing the number of millionaries by country.

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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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