investing

Factor your job into investment planning

Consider the arc of your career
Next
Slide 2 of 6
Previous
Consider the arc of your career

School teachers and university professors with tenure enjoy the kind of job longevity that gives them leeway to put more of their money in riskier investments -- up to a point. Pete D'Arruda, president of Capital Financial Advisory Group in Cary, N.C., advised many teachers earlier in his career, earning the nickname "Coach Pete" among his clients.

"They've got a long time horizon," says D'Arruda, who hosts the nationally broadcast radio program, "Coach Pete's Financial Safari."

"The problem with many teachers is that they are not getting paid enough to really take too much risk with their money," he says.

These days, many of D'Arruda's clients are athletes who earn high salaries during the relatively short span of their pro careers. For these and other clients who are making fast money now but are likely to peak soon, he says the best tactic is "building some money in a place where they can't lose it."


Next
Slide 2 of 6
Previous

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

CDs and Investment

Can heirs cash an old trust?

Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more

advertisement

Blog

Stephen Pounds

Brexit may hurt US exports, help interest rates

Voters in the United Kingdom have approved a referendum to leave the 28-nation European Union in a move that is sure to disrupt markets today and possibly longer.  ... Read more


Connect with us