How do we work with Coaches?

The Robinsons

Sam and Jen

Age 43

Kids:  Sam (10), Kevin (6), Lauren (4)

Primary Goals:  

Ensure the decisions they are making with their money match their priorities.  

The Challenge:  

Coach Robinson is now at his 6th school in 15 years of coaching.  He is like most coaches… focused on recruiting, practices, games and making sure his players have what they need to be successful.  If he’s honest with himself, orgainizing and planning with their money has taken a back seat.  

The Robinsons: 

  1. Are saving for retirement through the schools retirement plan (403b, 457b, or 401a)

  2. Are renting their current home, but own a home in the town of their previous school, which they are renting.  

  3. Have some savings set aside to account for emergencies.  

  4. Have retirement plans from previous employers they would like to organize.  

  5. Have a LLC set up to account for miscellaneous income from Camps, media appearances and endorsements.  

The Approach:  

Sam and Jen understand they need to organize their financial life and 

After our first meeting where we discussed their priorities we linked their investment accounts in Right Capital along side their other assets to create a networth snapshot.  We also uploaded their previous two years tax returns into Holistiplan to understand their tax brackets and look for opportunities.  

From there we opened IRA accounts to roll retirement accounts from previous employers and invested based on their time horizon, goals and funding of other accounts.  

Like some coaches the Robinsons own a home in the city of their previous school that they rent to another family.  We input the details of their mortgage, rental agreement and set some goals for how to integrate the property into their overall plan.  

From there we set up a plan to meet 3x a year to discuss: 

  • January/February:  Prepare for Tax time and plan to make remaining contributions before the filing deadline and discuss the coming year to account for any changes.  

  • April/May:  We arranged to meet at the Final Four to have an in person meeting to recap the season and its implications on the next year.  We also connect with their agent to make sure we are on the same page with the details of their contract.  

  • October/November:  Discuss open enrollment for their employee benefits and make any changes necessary.  Also inventory Life and Disability insurance and account for any shortfalls.  Prepare for end of year  and discuss coming year income.  


We also make adjustments before the business of the season starts.