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Message: <blockquote data-quote="AKCheese" data-source="post: 947052" data-attributes="member: 9828"><p>900K is certainly a lot of money but after agents taxes etc. you probaly wind up with MAYBE $500K and you’re spending some of that…. Current conventional wisdom from any financial planner who isn’t a scam artist will tell you that you can draw 2-2.5% per year from your nest egg. If you need $100K a year to be comfortable you would need $4-5M saved. I don’t think too many 20-something year old athletes think in these terms, which is why very very very few of them leave the game “set for life”… if I were their advisor there is no way on gods green earth I would tell them to grab every dollar they can while they can and save for when the ride stops (which in almost all cases is way earlier than they think). When’s the last time you saw a team say “well…. Jimbo has lost a step and he’s hitting our cap pretty hard but he’s a great guy so we’ll keep him and let this better younger faster cheaper guy go”….. NEVER…. Yeah they find jobs for a few guys after football in the organization but there’s just nowhere near enough seats on the lifeboat. This is business people… always has been… Lombardi sent people packing ALL the time… he kept the guys he felt gave the team the best chance of winning.</p></blockquote><p></p>

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