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Tuesday, May 14, 2024

As a business executive, navigating the complexities of tax planning requires strategic foresight. The unique compensation structures and financial responsibilities associated with executive roles necessitate a tailored approach. By...

Tuesday, April 23, 2024

In the world of professional coaching, navigating the financial playing field can require just as much planning and strategy as calling the next play during the big game. As a professional sports coach, your income can be as...

Tuesday, April 9, 2024

Imagine waking up, and your morning is free. There's no rush to get out the door, no voicemails, emails, texts, or other worries awaiting you on your devices. For many business owners, it isn't easy to imagine a day when your business...

Tuesday, March 26, 2024

Financial planning for professional athletes is a specialized field because of their unique financial circumstances, risks, and goals. Unlike many other professions, athletes face challenges such as high income, short career spans, and...

Tuesday, March 12, 2024

Whether your business started as a passion project, side hustle, or to finance your life, the end-game should be the same: a wealth-generating asset that goes beyond a monthly paycheck or annual payout. An asset is sellable. And this...

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Tuesday, February 27, 2024

Professional athletes often find themselves with substantial financial windfalls. Their unique earnings system includes signing bonuses, endorsement deals, performance bonuses, and lucrative contracts. These windfalls can change an...

Monday, February 12, 2024

As the 2024 tax season approaches, it's time to start preparing. Here are eight steps you can take to prepare for the 2024 tax filing deadline on Monday, April 15.  1. Understand Your Filing Status Knowing your filing status is...

Wednesday, January 31, 2024

Name, Image and Likeness (NIL) has been in the news since the late 2010s. Legal challenges encouraged the NCAA to loosen its mandates about payment to student-athletes. But here’s a little-known fact: If you’re an NCAA...

Tuesday, January 9, 2024

Professional athletes and coaches have unique careers; it makes sense that they also have unique financial circumstances that require specialized expertise. That’s where ProWealth can help. Our financial advisory firm is...

Tuesday, December 12, 2023

The National Football League (NFL) is a powerhouse in the world of sports, drawing millions of fans to stadiums and screens alike. However, after the thrilling games and highlight-reel plays, many players will seek out NFL pensions to...

Wednesday, December 6, 2023

Why sell shares when you can gift them? If you have appreciated stocks in your portfolio, you might want to consider donating those shares to charity rather than selling them. Donating appreciated securities to a tax-qualified charity...

Wednesday, November 29, 2023

For most people, the term “nil” means nothing… literally, nothing. However, for professional and student-athletes, the term has drastic significance for their finances. NIL (Name, Image, and Likeness) regulations...

Tuesday, November 7, 2023

Moving from Accumulation to Distribution: How to Begin to Retire The shift from the accumulation phase to the distribution phase requires a significant change in mindset as well as goals. For many, this critical juncture arrives when...