Faded Glory

Faded Glory

February 28, 2013 – Professional sports and big money go hand in hand.  One is not possible without the other.

Contracts are signed, big money changes hands and athletes and team owners smile for the cameras.

For the lucky ones, this cycle repeats itself a few times as the prospects of ongoing riches loom ever larger.

But sooner or later, things change.

3 StrikesThe athlete’s shelf life expires and there are no more contracts forthcoming.

The owners and the public find a new flavor-of-the-week star to admire and shower with affection.

And money.

The Mighty Casey strikes out.

Now what?

This week’s Business Insider features a revealing article about the inverse relationship between professional athletes and post-career financial prosperity.

“This Is Why So Many Professional Athletes Are Going Broke” offers some unhappy statistics about this segment of the population.

In addition to a very short average career life, among the reasons offered for so many professional athletes going “from stoked to broke” are:

  • Overspending
  • Poor investment choices
  • Entrusting their money to the wrong people

 

Too bad more of them don’t come to us.

We’d talk to them about the value of using some of their money to purchase a lifetime annuity.

True, lifetime annuities don’t turn heads quite the same way Lamborghinis do.  But for safety, security and long-term happiness, they really can’t be beat.

“As one goes through life, it is extremely important to conserve funds, and one should never spend money on anything foolish, like pear nectar or a solid-gold hat.”

– From “On Frugality” by Woody Allen –

Don’t let the fact that you’re not a professional athlete stop you from making a smart move with your own financial future.

If you have any savings or 401(k) balances you no longer want to expose to market risk, let us show you how you can convert that lump sum into guaranteed cash flows you can never outlive.

We specialize in helping people find safe, secure, tax-advantaged solutions to their retirement challenges.

We’re not saying you’re destined for bankruptcy court.

But if you’re like most people, you can probably benefit from some guaranteed cash flows you can never outlive.

Call us to schedule your no obligation review today.

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