Campbell Wealth Management - August 2021

3 Oldest Rookies in Sports History The Rookie

Have you ever felt that fate meant for you to take a different path than the one you took? In some fields, making that change is possible, or even common — as any law student can tell you, where the “average” age of students is in their 30s. But other worlds, like the world of professional sports, are less welcoming to those over 25.

majors, but hey, you try throwing 98-mph fastballs for hours a week, 104 weeks in a row!

experience — signed with the Philadelphia Eagles in the 1970s. Modern football has come a long way, critics will argue. But there’s no denying the old-school toughness and tenacity Papale showed in making it to the NFL. NBA player Pablo Prigioni’s career was twice as long as either Morris’ or Papale’s was, with four years in the big leagues starting in 2012 at age 35. But basketball is arguably less demanding on the body than football and even baseball if we look at the potential damage major league pitchers can do to their throwing arm. Their careers may not have been the stuff of dreams, but these three men showed something we all like to see: tough players hanging on long past their “prime.” And they lived the dream — if only for a while. We all love that!

Besides, the careers of pro athletes aren’t nearly as long as icons like Tom Brady or Peyton Manning would have you believe. The average MLB career may be a few years longer than Morris stuck it out, but in the NFL? Most players make it less than three years and quit, depending on the position. While you’re meditating on the ethics of chewing up football players for three years and spitting them out, all in the name of entertainment, consider the case of another similar story that was turned into a movie, that of Vince Papale — played by Mark Wahlberg in “Invincible.”

Which only makes for a better story when it doe s happen, of course.

That’s what Jim Morris discovered when he signed with a Major League Baseball team in 1999 after his 35th birthday. Morris’ life became the subject of the Dennis Quaid movie “The Rookie,” filmed just after Morris’ major league career had ended. You might think that two years is a short time in the

Of course, Papale — whose flag football prowess in his late 20s overrode his lack of college ball

Financial Advisor — or Wealth Manager?

Which Do You Need?

Today, with the proliferation of people taking up careers in the financial services and advisement field, it is easy to set yourself up as something you aren’t. Even long-standing positions like financial advisors, for example, can have their power diluted by people claiming to do the same thing for half the price. At the same time, genuine differences need to be recognized and subsets acknowledged. One question we’re often asked is what the difference is between wealth managers (like us) and financial advisors in general. The short answer is this: Wealth managers are financial advisors, but not all financial advisors are wealth managers.

Like all financial advisors, wealth managers should have an education and background in finance. In addition, they should be certified private wealth advisors and certified financial planners. And ideally, they’ll have more experience than the average financial advisor. That’s because what really sets wealth managers apart is the amount of money they’re responsible for: Wealth managers generally only accept clients with a high- to ultra-high net worth. And it really is a specific skill set. A good financial advisor may be able to protect the wealth of a high-net worth client, but if they’re used to smaller fortunes, then

they won’t know how to capitalize on that wealth for their client’s behalf. A wealth manager, however, will be able to grow that wealth in smart, secure ways and meet a diverse set of goals based on each client’s needs. They have experience with that kind of wealth, and they also have the contacts and connections that the average financial advisor just doesn’t have based on the net worth of their average client. At Campbell Wealth Management, we specialize further by working with clients 55 and older — meaning we know exactly how to help them get the most out of the fortune they possess, whatever their goals might be.

This is intended for informational purposes only and should not be construed as tax advice. Consult your tax advisor regarding your situation.

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