MLB Hall of Famers who went from millionaires to bankruptcy
NEW YORK (BVM) – MLB players often go broke after retirement due to bad investments, legal troubles or because of a lack of financial education. Even Baseball Hall of Famers who’ve reached the pinnacle of pro baseball can run into financial issues.
Alex Rodriguez has spoken up about how far too many MLB players go broke after retirement. He advises that athletes save a portion of their money before investing.
“[You can even] take that 10% (of your paycheck) and you put it under your mattress,” Rodriguez said according to CNBC.
Here are five National Baseball Hall of Famers who ended up filing for bankruptcy.
