Retiring at 30 years old sounds like a dream come true, but for many professional athletes it’s their unwelcome yet inevitable reality. Athletes typically maximize their career earnings towards the beginning of their career, meaning they have to plan for retirement and support their lifestyle on an increasingly dwindling income. Grappling with the sudden transition to the regular working world can be difficult without the proper financial, psychological and social resources. Even though sports federations and former athletes have done more in recent years to help current athletes plan for the future while their best playing days are still ahead of them, it is not uncommon for retired athletes to go broke or bankrupt within a decade. Athletes dedicate endless energy to the here and now, but taking time to think about retirement is what will ultimately set them up for success.

Plus, on this week’s Fun Friday, Claire and Jenna play “Start, Bench, Cut” with popular athlete retirement paths.

Transition track credits:

Downtown Walk by | e s c p | https://escp-music.bandcamp.com

Music promoted by https://www.free-stock-music.com

Creative Commons / Attribution 4.0 International (CC BY 4.0)

https://creativecommons.org/licenses/by/4.0/