Tom Brady Retires, Again. Should You?

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Tom Brady has announced, again, that he will retire from the NFL. At 45, Brady is much younger than the average American retiree, but also much older than the typical NFL retiree. ESPN reports:

Tom Brady says he is retiring “for good” from football, ending a storied 23-year NFL career during which the star quarterback won seven Super Bowls and set numerous records.

Brady announced his decision Wednesday on social media, saying he “wouldn’t change a thing” about his career.

Brady, 45, also announced he was retiring on Feb. 1, 2022, before changing his mind 40 days later and returning to play this past season with the Tampa Bay Buccaneers.

“I know the process was a pretty big deal last time, so when I woke up this morning, I figured I’d just press record and let you guys know first,” Brady said in a video on Twitter. “I won’t be long-winded. You only get one super emotional retirement essay, and I used mine up last year, so really thank you guys so much to every single one of you for supporting me.”

Brady informed the Buccaneers of his decision at 6 a.m. ET Wednesday, according to ESPN’s Jeff Darlington. The Buccaneers tweeted their appreciation to Brady later Wednesday, along with a #ThankYouTom caption.

https://twitter.com/TomBrady/status/1620772095889403905?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1620772095889403905%7Ctwgr%5E658bd5da5742a73636e735ea79e84901f746a610%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cbssports.com%2Fnfl%2Fnews%2Ftom-brady-announces-retirement-patriots-buccaneers-legend-walks-away-after-23-seasons-in-the-nfl%2F

Brady chose to hold off retirement as long as he could. The career of an NFL player, though lucrative, only lasts so long. The same is true of the peak earning years of many Americans. They typically hit their peak earnings years just before they begin thinking about retirement. Holding off just a few years can often add considerably to their retirement security.

Action Line: Even if you retire, like Brady, you can still go back to work. You don’t need to be young to be a success. If you want help planning your retirement, let’s talk.

Originally posted on Your Survival Guy.