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.”