Aaron leak of ECL Private Wealth Management in Dallas and Chicago tells Retirement News Online that financial and retirement planning is crucial for professional athletes. They typically earn more money in a 3 -5 year span than most people earn in a lifetime. Because their timeframe can be much longer than average, proper planning is essential to make sure they don’t run out of money in retirement.
Market volatility isn’t much of a concern for younger investors because of their long investment horizon. Aaron Leak of ECL Private Wealth Management in Dallas and Chicago tells Retirement News Online that investors at or near retirement need to aggressively manage risk especially if they are talking income from their portfolio.