A Game Plan for Working with Professional Athletes

Reinhold, Eric J.
June 2000
Journal of Financial Planning;Jun2000, Vol. 13 Issue 6, p114
Academic Journal
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.


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