Episode 34
The NFL Tax Playbook | NFL Players' Podcast #34
In Episode 34 of the AWM NFL podcast, host Riccardo Stewart sits down with Jeff Locke, Zach Miller, and Sam Acho to delve into the complexities of taxes for NFL players. With over 20 years of combined experience on and off the field, they explore effectiv
October 18, 202412m 48s
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Show Notes
Key Highlights
- Understanding Income Streams: Jeff Locke breaks down the three main income types for NFL players—W2, 1099 endorsement income, and investment income—and their tax implications.
- Rookie Tax Mistakes: Sam Acho discusses common missteps in charitable giving and introduces the concept of a donor-advised fund to enhance giving strategies.
- Avoiding Tax Penalties: Zach Miller shares his personal experience of overpaying taxes and emphasizes the importance of integrated tax and investment strategies.
- Strategic Tax Planning: Insights into deferring investment income to reduce tax burdens during a player's career.
Quotes
- "The rookie mistake that I see from NFL players is they're giving, but not giving well." – Sam Acho
- "You don't want any more income coming in. You want to defer as much as you can to when you're done playing." – Zach Miller
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Topics
footballmoneynflnilpro sportswealth