TITLE

A Game Plan for Working with Professional Athletes

AUTHOR(S)
Reinhold, Eric J.
PUB. DATE
June 2000
SOURCE
Journal of Financial Planning;Jun2000, Vol. 13 Issue 6, p114
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article highlights the planning issues which financial planners should consider when working with professional athletes. The basic planning issues include: net worth; cash flow; budget; taxes; insurance; investments; retirement; and estate. Agents typically charge from three to five percent of the athlete's income for their services. The smaller agencies or single-agent firms often charge a lower fee to be more competitive with larger agencies and may outsource the financial planning.
ACCESSION #
3214417

 

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