Planning for the Extreme Athlete
As a professional athlete in the world of extreme sports, you’re confronted with many potential challenges and opportunities. That is why Professional Investment Management Services (PIMS) offers specialized financial planning to help you make the most of your career and to prepare you for the chapters in life that will follow.
All too often, we hear, “If only I had met you earlier in my career.” Too many extreme sport athletes fail to maximize their investments over their career; as a result, they often face financial difficulties in retirement or when transitioning to another career. While “live for today” may be the secret to success for many of these athletes, it can also lead to overspending and high-risk investments. What’s the answer? A disciplined approach to planning for your financial future.
Proper financial planning is essential to every professional athlete’s future, particularly in extreme sports where the risks are heightened. While an athlete’s earnings may be substantial, the time period during which that income is earned is relatively short. Therefore, professional athletes must invest those earnings carefully to help ensure a comfortable lifestyle now and in the years that follow a career in extreme sports.
At PIMS, we actively assist our clientele in creating and implementing a solid financial plan and investment strategy. With these tools, we can help you achieve the following:
- Maintain a similar lifestyle after your career in extreme sports has ended
- Build a financial bridge between your current career and whatever may follow
- Help coordinate a family trust to help provide income for your children’s educational needs and supply an additional source of income in the future
- Preserve assets through sound financial and investment planning
In addition, PIMS can assist our clients in selecting specialists in other areas, such as accountants, tax and estate planners, and attorneys. We carefully monitor the performance of these professional to help assure your financial needs are met completely and competently.
The first step is to meet with a knowledgeable, qualified PIMS financial advisor. Contact us today to discuss your financial planning needs.