How professional athletes can financially prepare for retirement featuring Lorenda Phillips

Too often do we hear about the horror stories where professional athletes file for bankruptcy shortly after they retire. On this episode, I discuss how athletes can invest for better financial security after their playing days with Lorenda Phillips. Lorenda has founded the company Retired From Sports, an organization that helps current athletes invest smartly and to plan for retirement. We discuss why these athletes often find themselves in debt, what factors contribute to this, and some of the tools she is using to help athletes succeed once they retire.