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David P. McCabe,
WMCP®, ChFC®, CLU®
Financial Planner
Nathaniel D. High, RICP®
Financial Planner
Nicholas J. Over, CFP®
Financial Planner
Sara E. Martin
Operations Manager
Jennifer A. McCabe
Client Service Specialist
jennifer.mccabe@prudential.com
Centuria Financial Group
2333 Baltimore Blvd Suite B
Finksburg, MD 21048
Phone: 443-952-7232
November/December 2023
Three Ways To Lower Your Taxes
Delayed RMD Start Date
The age at which you must start taking required minimum distributions from qualified plans increased from 72 to 73 in 2023. So, if you don’t need the distribution, you can wait the extra year to begin taking RMDs.
"Qualify" Your Contributions
Speaking of qualified plans, make the maximum contribution to lower your taxable income for the year. If you own a business and were considering adding a qualified plan for employees, do so by year-end for possible tax credits and deductions. Your financial professional can help in this area.A "Capital" Idea
The markets were volatile this year. If you sold investments for a loss, deduct them from gains. If your capital losses exceed your capital gains, you can deduct up to $3,000 in realized losses. Remember, you can use losses carried over from previous years and carry over losses exceeding $3,000 to the next tax year. Talk to your tax professional to learn more.1072356-00001-00
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David P. McCabe, Nathaniel D. High, and Nicholas J. Over are Financial Planners with, and offer securities and investment advisory service through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with Centuria Financial Group.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Centuria Financial Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.