How Tariffs Affect Pro Athletes (Your Biggest Opportunity Yet?)
Most athletes don’t wake up thinking about tariffs. But here’s the truth: the decisions made in Washington and abroad don’t just hit factories and shipping companies—they hit locker rooms, training rooms, and very soon, your bank account. Last week, on April 6, the U.S. announced sweeping tariffs on goods from basically every country on Earth. […]
Budgeting for Athletes: Income During Offseason
For athletes, managing money during the offseason can be tricky. Your income often isn’t steady throughout the year, especially if you’re not getting paid while you’re not actively playing. Understanding how to budget during these irregular income periods is key to setting yourself up for long-term financial stability. The Reality of Irregular Income Unlike most […]
Jock Tax: Multi-State and International Tax Obligations for Athletes
For pro athletes, taxes can mean hundreds of thousands of dollars (even millions!) over the course of your career. As you travel for games, you earn income in multiple states. This makes your taxes extra complicated. It may be tempting to throw your hands up and accept whatever tax burden you may receive as inevitable. […]
Estate Planning for Athletes – Now, Not Later
Estate Planning I don’t like financial jargon ~ You know, like “Estate Planning.” The first time I heard that, I thought, “Isn’t that what old people do?” Well, let me ask you this… Have you worked hard to earn money from your sport? Do you want to make sure that money is protected? Do you […]
Save on Taxes with 11 Gifting Strategies
The end of the year is a great time to evaluate your philanthropy strategy.. Did you know there are ways to give that reduce your overall tax burden? It’s a win-win scenario – you reduce the amount you pay in taxes and give to a cause you care about. It’s common for athletes to set […]
12 Athletes Turned Entrepreneurs (They Weren’t Already Famous)
Athletes are known for their focus and drive on the field. But those traits don’t disappear when they retire and transition into a second career.
Investing for Pro Athletes
The Pro Athlete’s Guide to Investing Picture this: you are on a rocket ship but with limited fuel. It is fun while it lasts but you need to plan now for when the fuel runs out. I know this world because I lived this. I was the 9th overall pick in the 2009 MLB draft […]
Tax Planning for Athletes
The excitement turned to sheer horror when I realized what I was going to be paying in taxes. Let me take you back. I had just signed my first professional contract and my mom sat me down to talk through taxes. You see my mom had an accounting background so she was quick to point […]
What to Look for In a Financial Advisor
The search for a financial advisor can get confusing very quickly – from the different terms used (financial planner, wealth management advisor, financial advisor, financial representative) to fee structure and compensation. How do you know if they are the right fit for you? How is Their Reputation? What Services Do They Offer? Are they a […]
Negotiating Endorsements and Sponsorships
Endorsements and sponsorship deals provide an additional source of revenue for athletes on top of any base salary or earnings tied to their respective sport. Many athletes make more from sponsorships than their pro athlete salary. But only if they have a favorable agreement. There are hundreds of horror stories in the news of athletes entering into […]