You’ve heard about NIL but aren’t entirely sure what it is, or what the new laws mean for you as a college athlete? In this article, we break down the basics of what NIL means to student-athletes.
Read MoreFor 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.
Read MoreThe House narrowly passed the centerpiece of President Biden’s domestic agenda on Friday, approving $2.2 trillion in spending over the next decade – the aims to finance more than half of it from tax reforms aimed at wealthy Americans. The plan would raise revenue by levying a tax surcharge on those making more than $10 million a year, raising taxes for some high-income earners and strengthening IRS tax enforcements.
Read MoreThe sports field is littered with stories of athletes who went broke. Unfortunately, athletes make a lot of financial mistakes. Despite lucrative playing careers, they often end up with no money and no retirement plan, wondering what went wrong.
Read MoreNFL careers are short, and players come into life-changing money at a young age. Many retired athletes go broke before they even start receiving a pension. In this article, you’ll find all that valuable information in one place.
Read MoreIn 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
Read MoreIn this article, we discuss seven piercing questions you can ask wealth managers to separate the qualified from the unqualified.
Read MoreLike any sort of income, money earned from NIL endorsements is subject to taxes. This article discusses what your endorsement means from a tax perspective, how to structure NIL deals efficiently, and planning ahead to avoid surprises at tax time.
Read MoreMany of us have had to fill out a form or input a certain amount of money to be deposited into our 401(k) account. Usually, we determine this savings amount during an onboarding process of a new job or career. Sadly – this is often the last time we look at our 401k contributions.
Read MoreErik and Justin bring us up to speed on the market, economy, and investing. This week marks an incredible rally off the COVID bottom for all equity markets. Unemployment is trending in the right direction and at the lowest level since the pandemic began. The SEC is finally looking into SPACs (special purpose acquisition companies) and their relative freedom from regulation and investor protection. WeWork, who had a failed IPO last year, is going public through a SPAC at a much smaller valuation. Bank stocks have proven resilient through the pandemic and have been given permission to return capital to shareholders through dividends and then buybacks starting in June.
Read MoreMany of us have had to fill out a form or input a certain amount of money to be deposited into our 401(k) account. Usually, we determine this savings amount during an onboarding process of a new job or career. Sadly – this is often the last time we look at our 401k contributions.
Read MoreIn the most recent episode of AWM Insights, Brandon and Justin explain NFTs, and whether they might be worth investing in.
Read MoreAn athlete’s tax return necessitates specialized expertise and a thorough understanding of their industry, business, and cash flow. Without this unique knowledge, grave mistakes can be made when filing an athlete’s tax returns. Too often, these mistakes equate to tens of thousands of dollars of over overpaid taxes, and missed tax-free investment opportunities.
Read MoreAs a reminder, there are 3 sources of capital – Human, Financial and Social. For most of us, our financial capital is held within tax deferred retirement accounts – 401ks, 403bs, and IRAs. All well-constructed retirement plans include the optimization of taxes within your financial capital. Households optimize this through a strategy known as a Roth Conversion.
Read MoreIn the most recent episode of AWM Insights, Brandon, Erik, and Justin dissect BUZZ ETF, and discuss how to set up a long-term financial framework that works.
Read MoreAs a reminder, there are 3 sources of capital – Human, Financial and Social. Today, we will expand on Human Capital or today’s value of future earnings from being an employee or business ownership.
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