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...
Who Is Qualified To Be An Athlete’s Financial Advisor

Who Is Qualified To Be An Athlete’s Financial Advisor

Former Catcher For Red Sox Wins Case Against Merrill Lynch Adviser Five-time MLB all-star sues UBS, ex-rep for $7.6M NFL players hit Wells Fargo, Morgan Stanley with $1.8M arbitration claims: The problem you face as a professional athlete is not the lack of people...
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...

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...
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...
Professional Athletes & Money: It’s A Different Ball Game

Professional Athletes & Money: It’s A Different Ball Game

You have heard it said before, you are different than the average individual when it comes to wealth but exactly how? There is the obvious financial difference that your salary as an athlete is far greater than the average individual but that is only the beginning. As...