Athletes’ achievements are often defined by their accomplishments on the field. But these triumphs also provide platforms for players to thrive away from the game. For some, that means pursuing outside business ventures or celebrity appearances. For others, giving back to their communities and cherished causes becomes central to their identities.
Determining the “right” amount to give to charity is not as simple as coming up with an amount on the fly. It requires assessing the amount needed today to secure living expenses for the rest of the athlete’s life. Assets above that level can be spent on big, optional purchases (such as a beach house) or given to friends, family, or charity.
Read more to learn how you can assess your capacity to give to family, friends, and charity.
- Andrew Bishop, CFA
- Director—Wealth Strategies Group
- Stacie Jacobsen
- National Director—Wealth Strategies Group