By Pete D'Arruda Coach Pete D’Arruda is host of The Financial Safari, heard every weekend on WCHL and syndicated nationally on 85 stations around the country. He’s a UNC alum and the President & CEO of Capital Financial Advisory Group, headquartered in Apex, NC.
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    401(k)s: A Good News/Bad News Story (Part II)

    October 21, 2014 at 5:00 am

    Last time, we talked about the good news about your 401(k).  So what’s the bad news? A lot of people I talk to in the financial industry have unpleasant things to say about the 401(k). Some call it the biggest rip-off in history. That may be a little harsh, but few dispute the charge that […]

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    401(k)s: A Good News/Bad News Story  

    October 14, 2014 at 5:00 am

    When President Jimmy Carter signed into law the United States Revenue Act of 1978, he probably had no idea that he was changing America’s retirement landscape forever. The legislation contained a little noticed (at the time) section 401, paragraph (k) that permitted American workers to save money for retirement and lower their taxes at the […]

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    Planning For Children Without Sacrificing Retirement (Part 2)

    September 5, 2014 at 10:49 am

    Those good grades your kids are getting in high school could be worth thousands of dollars when applying for college. Educational institutions look at grades and standardized test scores in their admissions process, but that’s not all those scores and grades are used for. They are also considered when colleges and universities make financial aid […]

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    Planning For Children Without Sacrificing Retirement

    August 26, 2014 at 6:00 am

    We had the beatniks of the ‘50s, the hippies of the ‘60s and the yuppies of the ‘70s. Now we’re seeing something called the “sandwich generation” emerge. This group finds itself in the awkward position of preparing kids to leave the nest, taking care of elderly parents and trying to plan for their own retirement. […]

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    When Inflation Tides Rise (Part 2)

    August 12, 2014 at 6:00 am

    One financial planner is reported to have told his clients following the 2008 market crash, “You have to remember, all boats sink some in a falling tide.” The couple had just gotten the news that 40 percent of their life savings had been virtually wiped out overnight. Money counted on for retirement was now blowing in the wind like a dandelion poof. The reverse side of the axiom was then uttered, “And when the tide rises, all boats rise with it.”

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    When Inflation Tides Rise (Part 1)

    July 29, 2014 at 6:00 am

    With 10,000 people retiring every day, we are reminded of the start of a big city marathon. The image of runners clogging the starting line stretches back into seeming infinity, waiting for the signal to start a 26.2-mile run. Some of them will sail, and some of them will fail. Others will make it, but […]

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    Little Engines And Big Retirement Accounts

    June 19, 2014 at 6:00 am

    During our accumulation years, while we are still working and saving, we are called upon to haul freight uphill, as it were, in preparing ourselves for retirement. In our younger years, it may be a struggle to chunk away the money we know we ought to save. We are hardwired for having fun. Every cell in our body and every neuron in our brain is thinking of ways to live beyond our means.

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    Lifetime Income Is Possible (And Necessary)

    June 6, 2014 at 9:42 am

    When 401(k) programs began replacing traditional pension plans in the early 1990s, the masses thought it was a great idea. After all, employees got to manage their own money. The 1990s rocked when it came to returns. Workers thought that 10 percent annual returns would continue for life. This sure beat the pants off the old pension plans, which locked them into a fixed income for life.

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    Debt Vs. Savings

    May 22, 2014 at 6:00 am

    These days, America is addicted to credit the way drug addicts are hooked on narcotics. The actual number is hard to nail down, but one source recently stated that the United States owes more than $2.5 trillion in consumer debt. Even if it’s off a billion or two, that’s a lot! How much is a […]

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    Wants Vs. Needs

    May 13, 2014 at 6:00 am

    I was a “honeymoon baby.” That is, I was a souvenir of my parent’s honeymoon. I was born exactly nine months to the day from when it started. My arrival was a mixed blessing at best. My father, a full time student working on his Master’s degree and a Ph.D. in Physics, and my mother, […]