Published on October 6th, 2014 | by Staples Soccer0
Tom Henske Advises Derek Jeter On Wealth Management
Staples soccer fans know Tom Henske as the Wreckers’ tough, talented, passionate and motivational goalkeeper coach.
He’s also a certified financial planner and partner with Lenox Advisors, the highly regarded wealth management firm.
In that capacity, he’s quoted in a CNBC story on investment advice for recently retired New York Yankees star Derek Jeter.
Tom says Jeter must do 3 things to ensure a steady source of income, and protect his money for himself and his family over time.
“I would want him to have all his insurance squared away — meaning things like life insurance, for more estate tax reasons,” Tom told CNBC. “Liability protection — he now has his nest-egg and I’d want to make sure he is protected from any potential lawsuits as he’ll always be a target.
“And finally I would advise him to bifurcate his money. I would make sure he segments his money into two pots — money that’s ridiculously safe and all the other money that he’ll put in various investments and such.”
To read the entire story, click here. To see Tom’s work with Staples’ goalkeepers, click here.