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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Tax Planning For 1st Year Draft Players

Tax Planning For 1st Year Draft Players

As a professional athlete, there are several planning strategies you can take advantage of that can potentially save you thousands of dollars, which is why it’s important to find a qualified Certified Public Accountant (CPA®) who specializes in working with athletes....

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Before You Take Advice Do Your Homework

Before You Take Advice Do Your Homework

The two fatal mistakes athletes make are hiring the wrong advisors and trusting them far too much. Earlier this week 60 Minutes aired “Thrown for a Loss”  which shared the sad story of how several of the NFL's biggest stars lost a total of $43 million in a risky...

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MLB Off-Season Tax Planning

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

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What Qualifies Someone As a Financial Expert?

The problem you face as a professional athlete is not the lack of people willing to extend a helping hand but the number of unqualified advisors soliciting your business. Thanks to the widespread flow of information on the internet it seems that everyone is now a...

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Building Your Team of Experts

Building Your Team of Experts

Why do we play the game? The simple answer: to win. If MLB teams did not care about the outcome of the game, they would choose players based on who they liked, who they were friends with, and who they were related to. We all know this would never happen and is why...

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