Many people are familiar with the “4% Rule” — the age-old advice for retirees who were told to withdraw 4% of their retirement accounts since the market averages a 7% return on investment accounts. So why is it that a large portion of retirees are running out of income years down the road when this rule seems so reasonable?
This is a tale of another pro athlete who lost his playing wealth.
But this isn’t about fast and fancy cars, expensive vacations, and picking up the tab for an entourage. This is a story of business dreams dashed. I meet so many people who dream of being entrepreneurs. That’s what happened to former National Football League player Marques Ogden, who was once worth $4 million.