Because professional athletes go broke, you should put your money into insurance products, sold by a NFL player who went broke.
Link to Article on CNBC.
I'm glad I invested in my 401K rather than try to play professional football!
Link to Article on CNBC.
As close as you get to a paid advertisement for annuities!Many commonly accepted financial strategies people are using, such as a 401(k), are in reality more myth than fact. If people really understood all the negative implications of delaying taxes, they might think twice about using a 401(k), which wasn't designed to provide lifelong income.
We have a retirement crisis in this country in which the current financial methods in the near future will possibly fail millions of people. There are going to be millions of people who will run out of money in the very near future unless they open themselves to new ideas.
— By Mario Henry, a former NFL player with the New England Patriots. Henry is a financial services professional with 18 years of experience in the industry and author of "How to Hire Your House."
What we do not know and understand is that having a paid-off home effectively traps all the money that homeowners have given to the bank, plus appreciation in the house. The only way you can use it is to take out a loan and use the house as collateral, or sell the house outright.
Wall Street has absolutely zero to do with you having enough life-long income. Pensions are disappearing and now the middle class has to gamble on the stock market.
I'm glad I invested in my 401K rather than try to play professional football!