Five Things To Do When Moving Up To The PGA Tour
You have just achieved one of your life-long dreams of making it to the PGA Tour. No doubt you have loftier goals and have set your sights on winning your first PGA Tour event or whatever your next goal may be. You are a competitor which means raising the bar to achieve a higher level of excellence. What about off the course? How do you raise the bar to achieve the highest level of excellence with your money?
Here are five things to do when moving up to the PGA Tour before the season starts:
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Pro Athletes! What You Need to Know About Pittsburgh's 3% Fee & How To Get Your Money Back
The City of Pittsburgh has been withholding 3% of athletes' income when playing in Pittsburgh. This has been ruled unconstitutional, which is a great win for athletes. However, the ruling does not guarantee you will be paid back the money that was taken from you.
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Who Is Qualified? How to Build Your Financial Team as a Professional Athlete
The most important investment you can make as an athlete is finding the right advisory team. That decision should be based on skill, not personality alone.
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Financial Planning for Athletes: 10 Strategies for Maximizing Your Wealth
We asked our CFPs, CPAs, and founders for their playbooks on financial planning for professional athletes to minimize tax and maximize wealth potential.
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What Do Athletes Do With All Their Money?
A look at how some of the most well-known athletes have chosen to spend their earnings - examples of how and how not to spend your fortune.
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What Is a Family Office, and Does Your Family Need One?
In this article, we’re discussing what a family office is, how it works, what different types are out there, and what is the ideal solution for your family.
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NIL Money: How Lucrative are NIL Endorsements?
Learn more about NIL money opportunities as an athlete. Read our guide for understanding NIL income and how you can maximize your NIL potential.
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NIL Rules Explained: How To Stay NCAA Compliant аnd Profit Off Your NIL
The new NIL rules can be confusing. AWM spoke to NIL expert David Fleshman to discuss what the rules mean and how to stay NCAA compliant.
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When Should I Start Looking for Specialized Wealth Advice?
Many young athletes don't seek financial advice until later in their careers. Discover how early wealth advice can have a huge impact on your financial future.
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MLB 401(k) Vanguard Plan Explained | Josh McAlister, CPA, CFP
In this article, we aim to provide quick and easy guidance on how to handle your MLB 401(k) plan and point you in the right direction on the following: What is a 401(k) plan? When can you contribute? Types of contributions and what to do when you retire
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Year-End Tax Planning: Maximizing Your Net Worth | Erik Averill
You have worked hard for your money, which is why it never feels good when you see how much you lose to taxes. Unfortunately, most players neglect ongoing tax planning, which results in paying more in taxes than they should. For those in the highest tax bracket, they are losing between 40% to 50% of their income to taxes, contingent on their state residency. For those in lower tax brackets, they are losing out on the opportunity to build future tax-free investment growth and income.
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Tax Write Offs For Athletes
What expenses can athletes write off on their taxes? If you’re like many athletes, this is one of the most confusing parts of filing your income tax return.
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