Gronk Plays Hard, Invests Wisely

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<h3>Staff Editor</h3>

Staff Editor

You know him as the guy who’s virtually unstoppable on the field and a fun-loving attention-magnet off it. So how does football star Rob Gronkowski handle the fortune part of his fame?

Turns out, he’s an inveterate saver and clear-eyed investor.

Gronkowski, the All-Pro, Super Bowl-winning tight end for the NFL’s New England Patriots, doesn’t touch his earnings, living instead off his marketing endorsements, he says in his soon-to-be released autobiography.

He eschews expensive cars and jewelry, and wears clothes from his high school days.

When it comes to investing his money, he revealed in a 2012 Sports Illustrated profile, he keeps it safe and simple: tax-free municipal bonds – advice he received from his dad.

So the fearless gridiron icon and prodigious partier also happens to be a prudent investor.

Who knew?

Staff Editor

Jul 9, 2015

Please note that all investing entails risk. Fixed income securities are subject to risks that will affect their value prior to maturity. Some of these risks can be related to changes in market conditions, issuer creditworthiness, and interest rates. This commentary is not a recommendation to buy or sell a specific security. All references to tax-free income refer to U.S. federal income tax. Income earned by certain investors may be subject to the Alternative Minimum Tax (AMT), and or taxation by state and local authorities. Please consult with your tax professional prior to investing. For more information on these topics please click on the “Bond Basics” link below or search by keyword at the top of this page.