
Allen Iverson Stashes Away $32 Million But Can’t Touch It Until He’s 55
Iverson Photo credit: Kingsmen Media
A person with a firm grip on the situation informs me Iverson has an account worth $32 million, a principal he is prohibited from touching until 55. In the meantime, it feeds him $1 million annually.
At 45, Iverson is eligible to start drawing on an NBA pension that maxes out at 10 years of active duty, or take whatever’s there as lump sum. He will be entitled roughly to $8,000 per month ($800 per x 10).
If at all possible, Iverson will issue a restraining order against himself until he’s 62 or so. At that time, I’m told, his lump sum will be between $1.5 million and $1.8 million, or he can elect to take monthly checks of approximately $14,000 per.
The smart friend realized if Iverson was just free to spend the money he would burn through it so he took some of it and set it up long term for him.
The $32 million is known as the “Reebok fund” among Iverson’s friends, because the money came from shoe deals.
Share this:
Related
143 thoughts on “Allen Iverson Stashes Away $32 Million But Can’t Touch It Until He’s 55”
Leave a Reply Cancel reply
More Stories
SHOOTING STARS – The story of Lebron James and his close friends
Many of us have long-life friends that turn into family. Based on the book by LeBron James and the Pulitzer Prize-winning...
Black Music Honors 2023
In its 8th celebratory year, Black Music Honors shines a spotlight on revolutionary artists and musicians who have made significant impact on...
PARAMOUNT+ REVEALS OFFICIAL TRAILER FOR “JOE PICKETT” SEASON 2
Paramount+ today revealed the official trailer and key art for the second season of the hit drama series JOE PICKETT....
Meg 2: The Trench – Official Trailer
Get ready for the ultimate adrenaline rush this summer in “Meg 2: The Trench,” a literally larger-than-life thrill ride that...
HBO ORIGINAL DOCUSERIES ANGEL CITY DEBUTS MAY 16
Three-Part Docuseries Tells The Revealing Story Of Angel City Football Club’s First Season In The National Women’s Soccer League HBO...
Apple TV+ unveils trailer for “Platonic
Premiering globally Wednesday, May 24, new Apple Original series from creators Nick Stoller and Francesca Delbanco also stars Luke Macfarlane,...
This story made a lot of hating ass white boys have upset stomachs! I don't see none of them singing that #1 hit song ! Hate like its no tomorrow….. I guess they will come out with some silly shit to say about this…. LOL … They like damn it! lol Good for you AI! love this type of shit…. Jah Bless
It’s from the lifetime contract that he signed with Reebok. Damn good clause in the contract.
Very intelligent
Let’s hope when he gets it he can make it last.
Better than running out of money before you turn 55.