Financial coaches for pro athletes
Professional athletes have uncommon financial situations. While most people earn their salary over a career that spans 30 or 40 years, the timeline for athletes is much more compact – a professional career only averages three to seven years.
Receiving a sudden influx of wealth at a relatively young age can be a temptation to spend recklessly without regard for the future. Special care must be given to help ensure that your earnings are well invested during lucrative times so that assets will be available later in life when needed. Special consideration must also be given to the possibility that an injury shortens a career even more.
We can sit down together and map out a plan designed to provide income throughout your life and pursue goals, such as preparing for your post-career life and providing for your family.
In addition to financial planning, we can help you with other essential matters, such as budgeting and cash flow management, bill paying, tax planning, risk analysis and management, and even buying a home for your family members. We also help evaluate business opportunities presented to you and help you manage income from endorsements or promotional appearances.
Raymond James does not provide tax or accounting services.