top of page

Protecting Your Legacy
is Our Business

Continuity Plan for Professional Athletes

rza2wo1uq0u9jypa42ck.jpg

DELIVERING CERTAINTY BEYOND YOUR CAREER

Our Approach

There are now many ways to build, accumulate and protect wealth. Here at Irongate Consulting, we combine both internal and external expertise to offer you suitable insurance solutions to meet your needs. Athletes have short professional careers, so early retirement planning is crucial. Preparing athletes for two retirements is important: one at the end of their sports career and another at age 60 or older

Building with Pool

Secure

Your Retirement

Athletes have short professional careers, so early retirement planning is crucial. Preparing athletes for two retirements is important: one at the end of their sports career and another at age 60 or older. Planning should facilitate a financial transition to a second career, such as in broadcasting, coaching, or entrepreneurship.

 

We'll set retirement goals, evaluate additional sources of income, and create a personalized plan. This can include pensions, individual retirement accounts (IRAs), and other investment vehicles. In addition, it is necessary to mitigate risks with life, disability and liability insurance.

 

Financial education is essential for athletes to make informed decisions in the absence of a trusted advisor. Generating consistent income through stocks, bonds, annuities, and property rentals is important. Periodic reviews and staying up to date on legal changes and investment opportunities are crucial.

Get to Know Us

IMG_2E12FF3B9DCB-1.jpeg

MANAGING DIRECTOR 

30 Years of Experience

Charles Jorge is an experienced professional in the wealth management sector, with more than 30 years of experience. He offers financial advice and planning services to entrepreneurs, professionals, and athletes, providing asset preservation concepts and coaching. In addition, he offers advice on economic, financial, tax and property risks. His work ethic and dedication to the industry have made him highly regarded by colleagues and clients.

Robert Sanchez.png

Robert Sanchez
Advisor

Eleazar Barros.png

Eleazar Barros

Advisor

Specialized Sports Advisors

We want to give you your Career Continuity Plan.

THE HISTORY OF SPORTS IS THAT OF ITS ATHLETES

The history of sports is littered with professional players who managed to amass great fortunes, and yet lost them for reasons ranging from accidents or serious or unexpected illnesses for which they were not prepared, to making poor financial decisions or unfortunate events in their lives.

Some athletes who lost everything

You may know the professional career of these athletes, but do you know how their finances ended?

Scottie Pippen.jpg

Scottie Pippen

NBA

Scottie Pippen is one of the 50 greatest players in NBA history, and participated in seven editions of the NBA All-Star Game. He lost his $120 million fortune due to poor financial strategy and a series of failed investments.

Vin Baker.jpg

Vin Baker

NBA

Former basketball player who played 13 seasons in the NBA and earned $100 million per season. One day people found out that he had alcohol problems and that he drank before games. Eventually he had to retire from the NBA and after several bad investments, he declared bankruptcy. Years later, his former boss got him a job at Starbucks.

Mark Brunell.jpg

Mark Brunell

NFL

He used to be the quarterback for the Jaguars. During his NFL career, he earned close to 50 million US dollars. He made some bad investments that bankrupted him by putting all of his savings into an idea that was not successful.

Bernie Kosar.jpg

Bernie Kosar

NFL

Famous athlete who used to earn millions when he played in the NFL. It is said that when he filed for bankruptcy in 2009 he only had $44 in the bank. After retiring he went into business and, for a time, did quite well. But he eventually ran out of luck and his investments did not prosper. Additionally, he lent money to friends and family who never returned it.

evander holyfield.jpg

Evander Holyfield

Boxeo

Famous boxer who was a huge sensation of his time and earned 230 million US dollars for his performances in the ring. Between gambling, excessively expensive purchases, child support expenses and the $14 million he lost in mortgages, the athlete ended up being left with nothing.

Captura de pantalla 2023-09-28 a la(s) 12.23.48 p. m..png

Boris Becker

Tenis

During his peak period he earned $63 million. A series of unfortunate events that began with a divorce and were complicated by a scam and a tax evasion accusation left him bankrupt.

Curt Shilling.jpg

Curt Schilling

MLBP

Curt Schilling reportedly earned more than $115 million during his career in Major League Baseball. After his retirement in 2009, his net worth was $50 million. Less than four years after his retirement, his net worth plummeted to approximately $1 million.

Jack Clark.jpg

Jack Clark

MLBP

The star of the St. Louis Cardinals of the MLB baseball went bankrupt in the early 90s, while still active in 1992 he already owed almost seven million dollars due to a series of bad financial decisions and had to declare himself in bankruptcy.

Why is it important to plan?

According to a 2009 Sports Illustrated article, 35% of NFL players go bankrupt within two years of retirement, as do an estimated 60% of NBA players, 78% of players of the NFL, and a large percentage of Major League Baseball (MLB) players go bankrupt within five years of retiring (4 times more than the average American citizen).

Salaries, Bonuses, Incentives

Other income during career

balde.jpg

Housing expenses, child's education, daily expenses, cars, vacations, legal, taxes, business administration

Don't save what's left after spending. Spend what is left after saving."

"

Warren Buffet
Billionaire Business Magnate

forbes-logo-black-and-white.png
Salaries, Bonuses, Incentives

Other income during career

balde.jpg

1st Career

image.png

Compound interest

balde.jpg
image.png

2nd Career

image.png

Compound interest

balde.jpg
image.png

2nd Retirement

Housing expenses, child's education, daily expenses, cars, vacations, legal expenses, taxes, business administration.

Housing expenses, child's education, daily expenses, cars, vacations, legal expenses, taxes, business administration.

Housing expenses, child's education, daily expenses, cars, vacations.

Salaries, Bonuses, Incentives

Other income during career

balde.jpg
image.png

Compound interest

balde.jpg
image.png

Deferred tax

image.png

Compound interest

balde.jpg
image.png

Tax Eliminated

Index Funds,
Money Market,
Municipal Bonds

Plan 7702, Annuities,
Life insurance, Disability,
Real estate.

SEP, Roth IRA, 7702 Plan, Pensions, Real Estate

Captura de pantalla 2023-10-05 a la(s) 1.31.04 a. m..png
Captura de pantalla 2023-10-05 a la(s) 1.34.41 a. m..png

We Present You the Best Alternatives

Plan 7702, IUL and Indexed Annuities

What if we could offer you a financial vehicle with...

01

Annual contributions up to a maximum stipulated by law for 7-10 years

02

Invest those contributions in the market in index such as S&P 500, NASDAQ, and Barclays. With a minimum floor between 0-.25%

03

Tax-free access to your funds.
No penalties

04

Personal line of credit to expand your business, pay for children's education, or retirement fund (which you never have to pay if you wish)

05

Access to accelerated benefits for a tax-free terminal and chronic illness

06

Tax-free death benefit to provide liquidity to the family and continuity of their standard of living

MFIUL's Greatest Strengths


FREE OF
TAXES

PROTECTION
AGAINST
LOSSES


ACCESS TO
YOUR MONEY

Avoid losses and generate good predictable growth using indexing

Captura de pantalla 2023-10-05 a la(s) 11.34.08 a. m..png
Captura de pantalla 2023-10-05 a la(s) 11.40.35 a. m..png

Don't wait, it's never going to be the right time

"

Napoleon Hill
Writer

forbes-logo-black-and-white.png

What's the next step?

For more information, please contact us at info@irongateconsultinggroup.com

Irongateconsultinggroup.com

+1-305-792-8394

bottom of page