MLB Signing Bonus: Pay The Least Amount of Tax

MLB Signing Bonus: Pay The Least Amount of Tax

Are you familiar with how an MLB signing bonus is paid out? Historically, teams have split the gross amount into two equal payments over two years. The most costly mistake? Believing this is non-negotiable. To add to the complexity, the recent tax changes completely...

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Establishing Residency For Professional Athletes

Establishing Residency For Professional Athletes

Professional athlete residency is one of the hottest topics discussed among professional athletes. It is also one of the most misunderstood. A change in residency, when done correctly and for the right reasons, may result in significantly lower taxes. However, if done...

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How The New Tax Reform Effects Your Signing Bonus

How The New Tax Reform Effects Your Signing Bonus

At the end of 2017 President Donald Trump approved “The Tax Cuts and Jobs Act of 2017 (TCJA)” which went into effect this year. There are new provisions that have a dramatic effect on your MLB Signing Bonus and now require more proactive planning than ever before. The...

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2017 Year-end Tax Savings Plan

2017 Year-end Tax Savings Plan

The most common financial mistake we see players make is not taking advantage of all the tax savings strategies available to them. This results in you paying more taxes than necessary and missing out on years of future growth on the tax savings amount. As you know,...

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2017 MLB Vanguard 401(k) Guide

2017 MLB Vanguard 401(k) Guide

WHAT IS THE VANGUARD 401(K) INVESTMENT PLAN? The Investment Plan, also known as a 401(k), allows you to: Accumulate a significant amount of cash you can use to help provide financial security during retirement. Get an immediate tax break, because contributions come...

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MLB Draft Disability Insurance Overview

MLB Draft Disability Insurance Overview

Insurance Programs to Protect Future Earnings Do amateur athletes have disability insurance options to protect their potential future earnings as a professional athlete?  What if the player suffers an injury/illness that is not career ending but significantly...

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Understanding Your MLB Signing Bonus Paystub

Understanding Your MLB Signing Bonus Paystub

Congratulations on receiving your first signing bonus payment. But, I’m guessing you are wondering if the team withheld too much tax or not enough. To make matters worse, what the team withholds is most likely different than what you will actually owe.  Understanding...

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How Your MLB Signing Bonus Is Taxed

How Your MLB Signing Bonus Is Taxed

For the majority of you, your signing bonus will be your first exposure to a significant amount of money. It will also be your introduction to paying a significant amount of tax. Your signing bonus presents unique planning opportunities that are often missed in the...

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