Month: October 2017

11 Smart Moves to Make Your Money Last in Retirement

Financial advisers will tell you that the most telling — and risky — years of your retirement are the five before you leave the 9-to-5 world, and the five after you have forsaken a steady paycheck and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement plan. Indeed, making your money last as long as you and your spouse do consistently shows up as the biggest worry among folks approaching or in retirement.

Going for broke: Many pro athletes still struggling with finances

PHOENIX — Mike Tyson. Allen Iverson. Diego Maradona. Terrell Owens. Four major athletes, four major sports.

And an estimated $600 million of earnings lost.

Eight years after an eye-opening Sports Illustrated study suggested 60 percent of NBA players go broke within five years of retiring from the game, concerns remain about professional athletes’ finances as another NBA season nears. A new study by the National Bureau of Economic Research reports that nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement.

Going for broke: Many pro athletes still struggling with finances

PHOENIX — Mike Tyson. Allen Iverson. Diego Maradona. Terrell Owens. Four major athletes, four major sports.

And an estimated $600 million of earnings lost.

Eight years after an eye-opening Sports Illustrated study suggested 60 percent of NBA players go broke within five years of retiring from the game, concerns remain about professional athletes’ finances as another NBA season nears. A new study by the National Bureau of Economic Research reports that nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement.