🎯 Financial Confidence Checklist for Coaches

Why This Checklist Matters

Coaching success isn’t just built on game plans and championships—it’s also about creating financial stability across a career that can shift overnight. Whether you're a head coach, coordinator, or assistant at a D-I powerhouse or a D-III program, this checklist helps you take control of your money, your security, and your legacy—on and off the field.

🏦 Income & Spending

✅ I understand my full compensation package (salary, bonuses, deferred comp, incentives)
✅ I know my fixed and variable monthly expenses
✅ I’ve built a flexible budget that adapts to contract changes or relocations
✅ I’ve planned for major expenses (moves, buyouts, second homes, education)
✅ I have a strategy for managing lump-sum or performance-based payouts

🏥 Benefits, Healthcare & Protection

✅ I’ve reviewed my university-provided healthcare and supplemental options
✅ I’ve considered private disability and long-term care insurance
✅ I’ve planned for out-of-pocket wellness, therapy, and stress management needs
✅ I know my health coverage post-employment or during sabbaticals
✅ I’ve budgeted for family health needs (children, spouse, aging parents)

💰 Retirement & Deferred Compensation

✅ I understand how my 403(b), 457(b), or 401(a) plan works
✅ I maximize employer match and catch-up contributions where eligible
✅ I’ve reviewed my contract for vesting schedules or retention bonuses
✅ I have a Roth vs. traditional tax strategy
✅ I’ve stress-tested my long-term income for early or abrupt retirement

📈 Investments & Wealth Building

✅ I have an investment plan aligned with my coaching time horizon and risk tolerance
✅ I diversify across tax-advantaged, taxable, and deferred accounts
✅ I avoid speculative ventures or high-fee products without due diligence
✅ I work with a fiduciary advisor or investment coach
✅ I’ve automated contributions and regularly rebalance my portfolio

🏡 Real Estate & Lifestyle Planning

✅ I’ve considered the pros/cons of owning vs. renting in my current market
✅ I’ve accounted for frequent relocations or dual-home needs
✅ I’ve created a plan for housing transitions post-coaching
✅ I’ve protected my assets with proper insurance and titling
✅ I’ve explored lifestyle upgrades (cars, travel, schools) in context of long-term goals

🧱 Income Resilience System

✅ I’ve mapped out financial seasons: active contract, transition year, retirement
✅ I’ve created reserves for coaching gaps, buyouts, or time off
✅ I’ve identified income options post-retirement (consulting, clinics, media, business)
✅ I’ve established a safety net fund (6–12 months of living expenses)
✅ I’ve aligned money decisions with my “coaching philosophy” and values

📜 Estate, Family & Legacy Planning

✅ I have a will, healthcare directive, and power of attorney
✅ I’ve named and reviewed beneficiaries across all accounts
✅ I’ve considered a trust to manage assets or family needs
✅ I’ve discussed legacy wishes and charitable intent with loved ones
✅ I’ve explored scholarships, endowments, or mentorship legacies

🧠 Identity & Transition Planning

✅ I’ve envisioned life after coaching and what fulfillment looks like
✅ I’ve built hobbies, interests, or leadership roles outside of athletics
✅ I’ve prepared emotionally for the identity shift post-coaching
✅ I maintain a support network beyond the program or institution
✅ I feel confident in my ability to navigate life transitions with purpose

✅ Your Financial Confidence Score

Count your checkmarks:

34–40: 🏆 You’re coaching your financial life like a pro—keep refining your strategy and stay proactive.

24–33: 🚧 You’ve got a solid foundation, but there’s room to tighten up key areas.

Under 24: ⚠️ Time to build a stronger game plan for your financial future—don’t go into overtime unprepared.

Let’s Make It Happen

💼 Want help turning your earnings into long-term financial freedom? Schedule your complimentary Strategy Session today. We’ll help you build a smart, sustainable game plan that works long after the final whistle.

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Disclaimer: The information provided on this site and its blogs is for educational and informational purposes only. It does not constitute financial, legal, or tax advice. Always consult with a qualified professional for guidance tailored to your individual circumstances. The examples, illustrations, and sample checklists are intended for general reference and are not meant to reflect any individual or family's specific needs or outcomes. They are provided to demonstrate concepts and do not guarantee future results. All investing involves risk, including possible loss of principal. Past performance is not indicative of future results.