Financial Planning
We want to provide you with the tools and help to achieve financial freedom, while you are in the league and when that journey comes to an end. If we can’t help you develop a budget and save money under the contracts we secure and negotiate on your behalf, we have failed. Our goal for you is to save and invest enough money so you can begin to create a second source of income that will always be there for you. We also want to ensure you take advantage of all the benefits you are entitled to as an active and former player.
The average American will work about 40-45 years with the expectation of retirement at age 66. However, the average career length for a player who makes an NFL roster is only 3-years with a median annual salary of $860,000; the minimum salary for a first year player in 2018 is $363,000. On top of that, most NFL players make less than $100,000 per year from outside endorsements, licensing and appearance fees.
The huge disparity in career length and income between a professional athlete and someone in a traditional profession requires a unique type of financial planning. Not many people have the opportunity to earn such large sums of money in their early 20’s, although it is hard to predict how long that cash flow will last. This is the most common reason why about 75% of NFL players experience financial stress within 2 years of retirement.
With the right career planning and some financial discipline, we can prevent this from happening and ensure when your playing days come to an end, you have no regrets about the income and wealth you created and took with you on your post-NFL career journey.
FINANCIAL PLANNING INCLUDES
- Budgeting
- Benefits Planning
- Tax Planning
- Healthcare Planning
- Investment Planning
- Home Ownership
- Education Planning
- Insurance
- Retirement
- Estate Planning
EARN - SAVE - INVEST
Don’t save what’s left after spending, spend what’s left after saving.
If you buy things you don’t need, soon you will have to sell things you need.
Never depend on a single income. Make investments to create a second source.