MLB Draft Podcast

Taxes are one of the biggest destroyers of wealth.  

Misconceptions about taxes are everywhere, and you often hear many of them daily.  Below are a few examples we often hear:

  • Getting a large tax refund is always a good thing
  • My CPA did a good job if I got a bigger tax refund
  • April 15th is the most important date in the tax world
  • “Tax Planning” and “Tax Filing” are the same thing

Now for some truths that everyone should understand:

  • You actually want to get back $0 or owe money (not penalties and interest) when you file your taxes
  • December 31st of the prior year is the most important date in the tax world
  • Tax Planning is done throughout the year and has a major impact on what happens when you file your taxes
  • Being reactive when it comes to taxes can cost you thousands (sometimes millions) of dollars throughout your lifetime
  • You should have a Family Office that throughout the year proactively integrates your Tax Planning with your Financial Plan

Residency, 1099 income, MiLB 401ks, team assignment, contract language, duty days; your situation is unique, and the complexities you face are different than most people.  Luckily, there are answers available if you start your Tax Planning now.  If you have questions about your situation or would like a free consultation, please text or call one of our Private Wealth Advisors to help you know what your next steps should be.

Travis Chick – (903) 714-7951

Josh McAlister – (505) 239-5488

Will McGuffey – (225) 326-0992

Creators and Guests

Host
Erik Averill
Co-Founder and Partner at AWM Capital
Host
Jacob May
Private Wealth Advisor, CFP®
Host
Josh McAlister
Private Wealth Advisor, CPA, CFP®, RMA
Host
Travis Chick
Senior Private Wealth Advisor, CFP®, CPWA®, AEP®
Host
Will McGuffey
Private Wealth Advisor, Attorney, CFP®

What is MLB Draft Podcast?

It's hard to encapsulate the excitement surrounding the MLB Draft. Years of hard work, sacrifice, and dedication all point to this one day of becoming a pro. However, it can be hard to figure out how to navigate the process. The MLB Draft podcast is the only podcast dedicated to preparing athletes entering the MLB draft, and includes interviews from some of the top athletes in the MLB, how to build your team of experts, and how to prepare for draft day.