NFL benefits explainer

0:00
Elearning
24
1

Description

An relatable, guy-next-door explanation of retirement account and beneficiary options meant for new NFL players in need of some guidance with financial literacy.

Vocal Characteristics

Language

English

Voice Age

Young Adult (18-35)

Accents

North American (General)

Transcript

Note: Transcripts are generated using speech recognition software and may contain errors.
in 2019 you can contribute from nothing to $19,000 to your 401 K. This is your money, and it goes in pretax. You can probably think of a bunch of things to do with $19,000 right now. Why would you want to use it to Max out your 401 K contribution? One more thing before you get into your enrollments, be sure to take a few extra minutes to protect your legacy by assigning beneficiaries to your account. Beneficiaries receive your benefits in the event of your death. It's a bummer to talk about, but it could happen while you're young and active. Or it could happen well after your playing career is over. Regardless of when it happens. Everyone wants to avoid the situation where their loved ones can't access funds immediately. Because there aren't clear beneficiaries. It's never too early to have beneficiaries named and on record with the NFL player benefits office