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I would like to take a moment to introduce myself – I am Karla Leonard-David, CEO of IMI Asset Management Company. I hold a double B.A. in Business Economics and Art History. IMI Stands for Investment Management International and was originally founded in 1995. In 2012, IMI went through a complete transformation. That transformation included implementing a complete social media presence. I have designed and write an educational blog that is posted to my personal and company Facebook and LinkedIn pages. These articles are a tool to inform and educate on financial planning topics. The biggest part of that transformation occurred when IMI became a full service asset management company. IMI has partnered with Jerry Vines, MBA, EA and the Law Office of Sharon Morff, to offer a fully engaged estate planning package, designed specifically to your goals. Most people do not have a solid financial plan. A reason for this is that most lack insight into what is going on in the financial industry. I realize that the process of creating a strategy for retirement can feel pretty intimidating which is why I am constantly searching for new materials, whether they are videos, articles or just questions and answers to share with everyone. IMI Asset Management Company is focused on the belief that our customers’ needs are first. I am committed to meeting those needs. I am a firm believer of the personal touch, which is so lost in today’s world. As a result, a high percentage of IMI’s business is from repeat client business and referrals. IMI Asset Management Company was selected in 2012 by the USCA as the recipient of the Best of Rancho Cucamonga Awards in Financial Planning. We want you to be able to assess, from these insights, your financial portfolio to ascertain that it is aligned with your ultimate goals for your retirement and passing your estate probate free down to your heirs. We strive to make sure you evade the costliness that can result from poor planning. We would welcome the opportunity to earn your trust and deliver you the best individual and personalized service in the industry in helping you obtain your goals. We invite you to come “join” our IMI Family.
Financial Planning for Minor League Athletes
If you are a minor league athlete, you need to pay careful consideration to your financial planning. You never know what is going to happen in your career and you need to be financially prepared for a multitude of outcomes. Too many minor IMI Asset Management Co., CA, Financial Planning for Athletesleague athletes do not do proper financial planning and end up going broke. Because these athletes usually make a lot of money during their athletic career, they become used to a certain lifestyle. It can be hard to give up that lifestyle if they go broke or make significantly less money once they are no longer playing their sport. Here are some financial planning tips for minor league athletes to ensure your money is protected, as well as the lifestyle you and your family enjoy.

One of the first things you should do is get a long term care insurance policy. This is because minor league athletes, and all athletes of any league, are subject to disabling injuries in their careers. These injuries can be purely physical, or they can be traumatic brain injuries, or injuries that cause the athlete to become wheelchair bound. If the injury is severe enough, the athlete may need long-term care either in a residential facility or with an at-home nursing agency. Either way, these are expensive things that can easily go through the athlete's wealth in just a few years, leaving their family broke. Long-term care insurance avoids this financially devastating possibility and protects the family's wealth.

Next, minor league athletes should hire good financial planners to make investments for them. It is easy to get caught up in all of the money and spend it all even before your athletic career is over. After that point, you're just playing makeup, living from paycheck to paycheck. A good financial planner can put you on a generous allowance that will allow you to enjoy your money while you're making it, while also keeping most of it back to invest. These will ideally be excellent, well-paying investments. Then, when your athletic career is over, you will still have a significant amount of money coming in from the interest from these investments that will allow you and your family to continue living the lifestyle you've come to be used to for many years, and even the rest of your life if the money is invested very wisely.
Karla Leonard
Other articles by: Karla Leonard
Categories: About Us, Professional Athletes, Money Management, Blog, IMI Asset Management Company
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