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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
Client Relations Manager
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
September/October 2024
Calming Your Money Fears
Whether you’re retired or just thinking about it, feeling as if you have no control over future events can cause stress that affects your well-being. Developing a strategy with the aid of your financial professional to address your concerns can help mitigate your fears.
What’s Bothering You?
Money issues? Health issues? Market downturns? Identifying your fears should be the first step in coming up with a strategy to overcome them. Putting a name to things that are causing you stress can set you on the right track to finding solutions.Think About Your Goals
What are your plans for the future? Travel? Pursuing hobbies? Starting a business? Identifying concrete goals that you’re saving for can bring them into sharper focus. Visualizing what you want your life to look like in retirement can make the future seem less intimidating.Assess Your Financial Picture
Do a deep dive into your finances with the help of your advisor. Does your current financial situation align with your future goals? Designing a strategy that moves you closer to your goals while reducing risk may lessen your anxiety. Diversifying your portfolio and setting up an emergency fund for unexpected expenses can provide a cushion in the event of a market downturn or unexpected loss of income.Protect Yourself in a Health Crisis
The financial impact of a medical event can be devastating if you don’t have adequate insurance. Reviewing your health insurance to ensure you have sufficient coverage in the event of an illness or injury can remove a major stressor from your life.Fear of a Market Downturn
For many investors nearing or in retirement, the possibility of portfolio losses due to a significant drop in market values is their biggest fear. While you can’t predict what the markets will do, you can take steps to shield your savings from market volatility. Adjust your asset allocation to balance growth with asset preservation by holding fixed-income investments in addition to stocks in your portfolio. Since stock and bond values typically move in opposite directions, bonds may provide a cushion during a market downturn.*Asset allocation won’t guarantee a profit or ensure against a loss but may help reduce volatility in your portfolio.
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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.
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.
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