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Michael Phelps to Focus on Charity Work after Retirement

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Olympic swimmer Michael Phelps made history at this year’s games in London by earning his 22nd medal, rounding out his outstanding career before he retires. We all have to think about retiring at one point in our lives, so why not find out all you can about equity release and everything involved in retiring before the time comes. Once you retire, you’d just want to relax and not have anything to worry about. Most people are wondering will he really retire and what will he do with his time? If you’re wondering how to spend your own retirement, check out these great tips to ensure an enjoyable retirement.
Well, Phelps revealed his next chapter involves charity work.

He told NBC that working with his charity, the Michael Phelps Foundation, “is the next chapter of my life.”

The Michael Phelps Foundation focuses on promoting “healthy, active lives, especially for children, primarily by expanding the opportunities for participation in the sport of swimming.”

Phelps founded the nonprofit in 2008 after receiving a $1 million bonus from Speedo for winning eight gold medals at the Beijing Olympics. He used the bonus to establish his charity.

With his organization, Phelps has traveled all over the country visiting and inspiring children. He has also worked closely with the Boys & Girls Clubs of America. Charitable work is one of the keys to a happy retirement; you have to make sure you are still contributing to society in order to maintain your self worth.

In 2008 the legendary swimmer spoke with TODAY about his foundation, “This is a way for me to really help to grow the sport.”

He also added, “I feel it’s only appropriate that I continue the momentum that Speedo helped to create by committing my bonus to the establishment of the Michael Phelps Foundation, which I hope will help me inspire others to achieve their dreams, and give back to the sport that has given me so much.”

It’s sad to see Phelps retire from swimming, though some believe he will be back in four years at the Rio de Janeiro Olympics, but if not it’s great to see he will lend a helping hand to others.

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