• Athletes and Sudden Wealth

    I stumbled on an article in Kiplinger’s about how athlete’s should be handling wealth management. We’ve all heard the stories about the Iverson’s of the world claiming to be broke after amassing millions of dollars.  My theory has always been that some kind of financial planning is needed BEFORE a draft and immediately after. So this article offered by a guest columnist is great in theory, but just reading through it made me want to fall asleep. Financial panning for groups of young men and women, in my opinion,  needs to be scaled down.  Way down. Like to the very basics. This isn’t to say that these newly wealthy individuals…