21 famous athletes who retired earlier than expected

calvin johnson
Calvin Johnson still seemed to have plenty of good years left when he retired in 2016.

  • Carolina Panthers linebacker Luke Kuechly was the most recent NFL star to retire before 30 years old.
  • Throughout sports history, there have been professional athletes who have retired earlier than expected, often because of injuries.
  • Check out some examples of athletes who have called it quits relatively early.
  • Visit Business Insider’s homepage for more stories.
1. Luke Kuechly

luke kuechly
Luke Kuechly.

Sport: Football

Age retired: 28

Years as a pro: 8

One thing to know: Kuechly was a seven-time Pro Bowl member and five-time First Team All-Pro. However, Kuechly often battled injuries, including numerous concussions. In his retirement announcement, Kuechly hinted at injuries taking their toll, saying, “I still want to play, but I don’t think it’s the right decision.”

2. Andrew Luck

andrew luck
Andrew Luck.

Sport: Football

Age retired: 29

Years as a pro: 7

One thing to know: Luck was considered a generational quarterback prospect when he entered the NFL in 2012, but injuries and weak teams only allowed him to show off that talent occasionally. Luck played just 38 games from 2015-2018 because of injuries, and when he retired on Saturday, said he was mentally worn down from pain, rehab, and setbacks.

3. Rob Gronkowski

rob gronkowski
Andrew Luck.

Sport: Football

Age retired: 29

Years as a pro: 9

One thing to know: Gronkowski might have gone down as the greatest tight end ever if not for injuries. Gronk dominated every time he was on the field, but various ailments kept him off it, as he only played 15 games or more four times in his career. After rumors of retirement persisted for over a year, Gronkowski followed through in the spring of 2019. However, some think he could still be lured out of retirement.

4. Doug Baldwin

Doug Baldwin
Doug Baldwin.

Sport: Football

Age retired: 30

Years as a pro: 8

One thing to know: Baldwin was Russell Wilson’s favorite target for several years, topping 1,000 yards twice, including a 14-touchdown season in 2015. Injuries added up throughout 2018, and despite finishing the year with over 600 yards and 5 touchdowns in 13 games, he called it quits in 2019.

5. Brandon Roy

brandon roy
Brandon Roy.

Sport: Basketball

Age retired: 29

Years as a pro: 6

One thing to know: Roy was one of the NBA’s best guards and rising young talents when he ran into persistent knee problems. He initially retired in 2011 after just five years with the Portland Trail Blazers but came out of retirement after one year to play for the Minnesota Timberwolves in 2012-13. He played only five games that year before injuring his knee again, and the team waived him at the end of the season. He decided to hang up his jersey for good afterward.

6. Sandy Koufax

Sandy Koufax
Sandy Koufax.

Sport: Baseball

Age retired: 30

Years as a pro: 12

One thing to know: Koufax is widely regarded as one of the best pitchers in MLB history. He was seemingly playing his best ball before he retired, posting a 1.7 ERA with 5 shutouts and winning the Cy Young Award in 1965, his final season. However, chronic pain from injuries forced him to end his playing career in 1966.

7. Patrick Willis

patrick willis
Patrick Willis.

Sport: Football

Age retired: 30

Years as a pro: 8

One thing to know: One of the most dominant linebackers in the league, Willis managed just six games in his final season because of injuries. He announced he would retire the next offseason, saying he couldn’t get over pain in his feet. He was a five-time All-Pro member.

8. Bobby Orr

bobby orr
Bobby Orr.

Sport: Hockey

Age retired: 31

Years as a pro: 12

One thing to know: One of the best defensemen in NHL history, Orr took a beating during his career. After leaving the Bruins, where he built a legendary career, he managed just 26 games in two seasons with the Blackhawks. He retired in 1979.

9. Bjorn Borg

bjron borg
Bjorn Borg.

Sport: Tennis

Age retired: 26

Years as a pro: 12

One thing to know: Borg was described as a rockstar on and off the court for his looks and icy demeanor during his sharp rise through the tennis world. It was a shock, then, in 1984, when Borg decided to retire at just 26, after winning 11 grand slams, citing mental burnout. He did attempt to come back in 1991, but was largely unsuccessful on the court and retired again in 1993.

10. Calvin Johnson

Calvin Johnson
Calvin Johnson.

Sport: Football

Age retired: 30

Years as a pro: 9

One thing to know: “Megatron” was the clear-cut best receiver in the NFL for multiple years and still put up 1,200 yards and 9 touchdowns in 2015, his final season. Johnson later admitted he retired because he didn’t feel like the Detroit Lions had a chance to win a Super Bowl and they wouldn’t trade him another team. “For the work I was putting in, it wasn’t worth my time to keep on beating my head against the wall and not going anywhere,” he later said.

11. Michael Jordan

Michael Jordan
Michael Jordan.

Sport: Basketball

Age retired: 30

Years as a pro: 9

One thing to know: Yes, it wasn’t final, but Jordan’s first retirement was so abrupt that he lands on this list. Jordan was on top of the NBA when he suddenly announced he was retiring to pursue a baseball career, spurring conspiracy theories. Of course, he would return in less than two years, play three more seasons, retire again, come back again as a member of the Wizards for two seasons, before then retiring for good.

12. Jim Brown

jim brown
Jim Brown.

Sport: Football

Age retired: 29

Years as a pro: 9

One thing to know: One of the first “shocking” retirements in sports, Brown was an eight-time rushing champion and NFL MVP in 1965, his final season. He decided to go out while on top, though he was also busy filming “The Dirty Dozen” and pursuing other business interests that conflicted with the NFL schedule.

13. Bo Jackson

bo jackson royals
Bo Jackson.

Sport: Football, baseball

Age retired: 28 (football), 31 (baseball)

Years as a pro: 4 (football), 8 (baseball)

One thing to know: Considered one of the best athletes of all-time, Jackson managed to play two sports at once, playing football with the Oakland Raiders when the MLB season ended. Jackson suffered a career-ending hip injury in the 1990 NFL season, then returned to baseball to play two more years, but was not the same player. He retired for good in 1994.

14. Yao Ming

yao ming
Yao Ming.

Sport: Basketball

Age retired: 30

Years as a pro: 9

One thing to know: Yao’s time in the NBA was relatively short, though it came after a stellar career in China. An instant-celebrity by the time he arrived in the NBA, Yao also excelled on the court, averaging 19 points and 9 rebounds per game in eight full years in the league. Unfortunately, chronic foot injuries ended his career early.

15. Ken Dryden

ken dryden
Ken Dryden.

Sport: Hockey

Age retired: 31

Years as a pro: 8

One thing to know: Dryden had a decorated career in just seven seasons as a full-time goalie: a Conn Smythe Trophy winner, five-time Vezina Trophy winner, six-time champion, and three-time leader in save percentage. He ultimately decided to move onto other things and wrote several books, did commentary, and worked as a GM after retiring.

16. Barry Sanders

barry sanders
Barry Sanders.

Sport: Football

Age retired: 31

Years as a pro: 10

One thing to know: Sanders was still at the top of his game when he decided to step away from football. He had rushed for over 2,000 yards just two seasons before. But Sanders later said that he had been pondering retirement at the beginning of the 1998 season (his last) and decided to step away from football afterward, despite being just 1,400 yards away from the all-time rushing record.

17. Chris Borland

chris borland
Chris Borland.

Sport: Football

Age retired: 24

Years as a pro: 1

One thing to know: A first-round pick who put up solid numbers as a rookie, Borland famously retired after one season, citing concerns about brain injuries and trauma. He now works with former NFL players and military veterans who suffer from traumatic injuries.

18. Dave Nilsson

dave nilsson
Dave Nilsson.

Sport: Baseball

Age retired: 30

Years as a pro: 8

One thing to know: Nilsson put together the best season of his career in 1999, batting .309 with 21 homers and 62 RBIs, making an All-Star team, then hitting free agency. Instead of cashing in, he turned down big-money offers from MLB teams to return home to Australia to play in the 2000 Olympics. He played professional in Australia afterward, but never returned to MLB.

19. Earl Campbell

earl campbell
Earl Campbell.

Sport: Football

Age retired: 31

Years as a pro: 8

One thing to know: Campbell began his career by leading the NFL in rushing three years in a row. Injuries played a part in a decline that resulted in a trade from the Houston Oilers to the New Orleans Saints in 1984. He retired in 1985, clearly no longer the same player.

20. Isiah Thomas

isiah thomas
Isiah Thomas.

Sport: Basketball

Age retired: 33

Years as a pro: 13

One thing to know: Thomas wasn’t terribly young to retire, but not many greats go out at 33, either. Thomas’ final season was the first and only time he didn’t make an All-Star team, but he still averaged a solid 15 points and 7 assists per game. He tore his Achilles in his final game, which made his decision easier, though he later said he had made up his mind to retire before the injury occurred.

21. Tiki Barber

tiki barber
Tiki Barber.

Sport: Football

Age retired: 32

Years as a pro: 10

One thing to know: Barber had one of his best seasons in 2006 before he decided to retire, rushing for over 1,600 yards, the third-best number of his career. He went into TV shortly after, and though he filed for reinstatement in 2011, he did not make a comeback.

Now, check out what happened to the other quarterbacks from Andrew Luck’s draft class…

Andrew Luck

WHERE ARE THEY NOW? All the big-name QBs taken with Andrew Luck in the 2012 NFL draft >

Read the original article on Business Insider

Bitcoin is scarce, valuable, and should be part of your 401(k), Anthony Scaramucci says

anthony scaramucci
SkyBridge Capital’s Anthony Scaramucci.

  • Bitcoin stands to be the best-performing asset in the next 10 years and should have a spot in retirement portfolios, Anthony Scaramucci tells 401K Specialist magazine.
  • Scaramucci said purchases of the volatile cryptocurrency should be made in “bite-size” chunks.
  • Bitcoin is “the technology that people are going to use for a large swath of commerce” over the next 100 years, said SkyBridge Capital’s founder.
  • See more stories on Insider’s business page.

Bitcoin should be a part of people’s retirement accounts as the cryptocurrency’s rewards outweigh its risks, Anthony Scaramucci, the founder of investment firm SkyBridge Capital, said in an interview with 401K Specialist, a magazine that covers defined contribution plans.

Bitcoin purchases should be “in bite-size, digestible chunks,” so that clients, including plan participants, will be comfortable holding the volatile asset, he told 401K Specialist magazine in an article published online Wednesday.

Bitcoin has been on a turbulent and mostly downward ride in May, rocked by worries ranging from China’s threats to restrict mining and trading activities surrounding the largest cryptocurrency to Tesla‘s decision to halt taking bitcoin as payment for its electric vehicles because of environmental concerns.

Bitcoin, which is prone to big price swings, has dropped about 32% so far in May to trade below $40,000.

But bitcoin’s volatility is one reason the digital currency should be part of a retirement portfolio, he said.

“People can trade within their 401k without tax consequences,” Scaramucci said. “If we’re right about Bitcoin and I was your financial advisor, I would tell you that over the next 100 years, this is the technology that people are going to use for a large swath of commerce on the planet.”

Bitcoins “are scarce, and they’re going to be valuable. For that reason, I do think it’s appropriate to own a few in a retirement account,” he said.

Scaramucci earlier this month defended the slide in bitcoin’s price in a Bloomberg interview, saying bitcoin has been able to “maintain its supremacy as the apex predator in digital currency.”

401K Specialist said Scaramucci recommends that non-professional investors have bitcoin exposure of no more than 5% of their retirement portfolios. SkyBridge’s bitcoin exposure has grown to more than $500 million, the magazine reported and noted that the money manager projects bitcoin will hit $100,000 this year.

Bitcoin “was the best performing asset over the last 10 years, and I predict it will be the best performing asset over the next 10 years,” said Scaramucci.

Read the original article on Business Insider

The 44-year-old successor to billionaire ‘Bond King’ Bill Gross is retiring early to go on road trips with his kids. ‘The pandemic has caused everybody to reevaluate.’

Nick Maroutsos
Nick Maroutsos will retire from Janus Henderson Investors in October.

  • Nick Maroutsos, head of global bonds at Janus Henderson Investors, told Bloomberg he will retire in October.
  • The 44-year-old said the pandemic had made him reevaluate his life. He wanted to spend time with his kids, he said.
  • Maroutsos took over from legendary billionaire “Bond King” Bill Gross in 2019.
  • See more stories on Insider’s business page.

Nick Maroutsos, head of global bonds at Janus Henderson Investors, is set to retire in October to take more road trips with his kids, after the pandemic caused him to reevaluate his “goals in life,” he told Bloomberg.

The 44-year-old investor took over from “Bond King” Bill Gross at Janus in 2019. The firm manages a $400-million portfolio.

He said he planned to spend more time with his wife and three children, and take his 14-year-old daughter to cross-country lacrosse tournaments. He wanted to spend more time with his kids while “they still like me,” he said.

“The pandemic has caused everybody to sort of reevaluate not just their career paths, but goals in life,” Maroutsos said. “I spent a lot of time thinking about that and where I want to be in the next 10 years.”

Maroutsos founded fixed-income investment company Kapstream Capital in 2007, which was bought by Janus eight years later. He manages the Janus Henderson Short Duration Income ETF, which has a $3 billion market capitalization.

Maroutsos said that, after spending 20 years working in fixed-income investments, now was a good time to “step back and hit the reset button.”

Maroutsos said he would work again at some point, but was not sure exactly where.

“In a year’s time, I will probably resurface in some capacity. I’m looking at things potentially outside of fixed income,” he said. “But I’m not good enough at other things, like either music or cooking, to do them.”

Read the original article on Business Insider

Apple CEO Tim Cook says he doesn’t expect to be running the company a decade from now

Tim Cook Apple Park speech
Apple CEO Tim Cook in January.

  • Apple CEO Tim Cook has been running the company for just shy of 10 years.
  • In another 10 years, though, Cook expects to have stepped down from his role.
  • In a new interview, Cook said he didn’t know what’s next after Apple.
  • Visit the Business section of Insider for more stories.

Tim Cook became the CEO of Apple just shy of 10 years ago, following the death of cofounder Steve Jobs.

And in another 10 years, Cook doesn’t expect to still be at the company, he said in a new interview with The New York Times.

“Ten more years? Probably not,” Cook said. “I can tell you that I feel great right now. And the date’s not in sight. But 10 more years is a long time, and probably not 10 more years.”

Cook has been with Apple for over 20 years. He joined in the late ’90s and helped it to rethink operations. When Jobs died in 2011, Cook took over executive duties and became the new face of the company.

Since then, Cook has unveiled new iPhones, Apple Watches, and other products.

tim cook jony ive iphones
Jony Ive, Apple’s chief design officer, and Cook inspect the iPhone XR during an event on September 12, 2018, in Cupertino, California.

He oversaw Apple’s incredible rise in value: Its market cap is just over $2 trillion. He’s also taken on the role of government liaison and appeared multiple times with President Donald Trump.

As for what he’ll do after Apple, Cook appeared to be just as in the dark as everyone else.

“I don’t have a clue,” he said in the Times interview, “because I love this company so much that it’s hard to imagine my life without it.”

Got a tip? Contact Insider senior correspondent Ben Gilbert via email (bgilbert@insider.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a nonwork device to reach out. PR pitches by email only, please.

Read the original article on Business Insider

One silver lining of the pandemic: Millennials are saving more

millennial saving
The pandemic has helped some millennials boost their retirement savings.

Millennials are finally saving.

It seems the pandemic has helped some millennials sock away some money for retirement. Wells Fargo’s 2020 Annual Retirement Study, which surveyed 4,500-plus Americans ages 18 to 76, found that the pandemic left boomers and retirees more financially exposed and millennials saving more.

In fact, 18% of millennials have increased their retirement savings since the pandemic began, according to the study. It also revealed that 29% of millennials began saving for retirement at a younger age (25) than Gen X and boomers did, at ages 30 and 36, respectively. 

But that’s not the case for all millennials – 39% of millennial workers said in the survey they don’t know if they can save enough money for retirement because of the pandemic’s economic impact.

The generation has been notorious for its lack of wealth, blamed primarily on the Great Recession and its aftermath, the US’ crippling $1.6 trillion student debt burden, and a skyrocketing cost of living.

Such financial roadblocks have all made it difficult for some millennials to save. “Older millennials are often realizing they’re going to have to play catch-up with their finances if they want to ever be able to retire, but some of them have already decided that they likely will not ever be able to afford to retire,” Jason Dorsey, a consultant, researcher of millennials, and president of the Center for Generational Kinetics, previously told Business Insider.

It’s likely those who have been able to boost their retirement savings weren’t part of the millennial cohort who received pay cuts or found themselves unemployed during the pandemic. But it’s not just millennials – saving is up across the board as the US household net worth hit a record in the third quarter, up 3.2% from the second quarter. With many businesses shut down when the pandemic first hit the US in the spring, people began spending less, leaving more money to save. Having federal student loan payments paused until December 31 also likely made it easier for younger generations to stash money away.

But saving for retirement isn’t the only way the pandemic has helped some millennials financially prepare for their future. A 2020 Northwestern Mutual study that polled 2,700 Americans found that slightly over a quarter of millennials are readjusting their financial plans, more than any other generation, and that one-fifth of millennials are now creating a financial plan.

And when asked what age respondents expected to retire, millennials cited the earliest target date of all generations: 61. 

Read the original article on Business Insider