Capital Financial Advisory Group
Peter J. D’Arruda, MRFC®, is President of the IARFC (International Association of Registered Financial Consultants), an Investment Advisor, fiduciary, and has been in the financial arena for over 25 years. He founded Capital Financial to help his clients “Cross the street of life.“ He and his team strive to help their clients take the worry out of living in retirement. Known as “COACH PETE” to most of his clients and radio show listeners, Coach Pete’s lifetime goal is to assist his clients in achieving the levels of success they desire.
He has authored six books and co-authored two. Two of his books have reached the best-sellers list on Amazon. The most noteworthy book, Successonomics, is one that Coach Pete co-authored with Steve Forbes. But, by far, his favorite book just happens to be his most recent, “7 Baby Steps to a ridiculously Reliable Retirement Income." He has just been named to the prestigious Forbes Leadership Council and will be submitting at least 6 articles a year to Forbes for their readers’ print and web enjoyment.
He is host of the nationally syndicated FINANCIAL SAFARI radio show heard weekly. It can also be heard on itunes and on Amazon's Alexa. It can also be found one the internet www.FinancialSafari.com
Peter is a graduate from The University of North Carolina and is a proud father of daughter, Caroline, age 12, with his wife Kim.
BS, Political Science, University of North Carolina
Assets Under Management:
Investment Advisory Services offered through EQIS, LLC, a SEC Registered Investment Advisor. Investment advice given by Capital Financial Advisory Group (CFAG), LLC, a North Carolina Registered Investment Advisor. EQIS and CFAG are independent of each other.
All comments contained therein are for the sole purpose of educating the reader and are not intended to be for providing advice [investment,legal, tax or otherwise].
Please consult with a licensed professional with respects to your needs and desires.
Financial Safari - Tom Hegna
Ask Coach 4 Types of Annuities
"Coach" Pete D'Arruda - Fox Business News
The Financial Safari-Coach Pete on CNBC Power Lunch
Not a bad idea as long as you have additional money put aside elsewhere to pay the taxes on the convesrion. Yes, the RMD's eat up the IRA is later years. Your example is a good one for me to share with those that are younger about the power of true tax-free growth by the way. Too many people, especially those under 50, have simply ignored the power of the ROTH.
Best of luck with your convestion assuming 1) you do it and 2) you do it by following the rules.
If I were you, I'd seek out the help of a CPA to make sure it's all being done the right way and does, in fact, make sense for you.
Any money you put aside can be earmarked for retirement. I recommend googling this book "The Millionaire Nextdoor" . That book proves you don't have to be rich to build money for the future.
I wouldn't touch the 401(K) until I had a clear and concise TOTAL RETIREMENT PLAN! Keep in mind, a 401K is just a LUMP SUM TIMEBOMB infested with future taxes. Sit down and get a clear income strategy (FINANCIAL CRUISE CONTROL) put togetjer and see what kind of lifetime incoe that 401K lump sum could deliver for you!
do you mean "it will reduce to $70,000"? I think you were talking about yearly income...
From what I have seen... NOT EVEN CLOSE!