EPISODE DESCRIPTION:
Jess Skubal has a unique perspective. She has a deep understanding of what it means to be married to a professional baseball player - her husband, Tarik Skubal, is a pitcher for the Detroit Tigers. She is also familiar with the most significant financial mistakes athlete families make due to her professional background working as a tax CPA for Deloitte, one of the world's top 4 public accounting firms. Jess is passionate about making sure every dollar is maximized, and as we state in the conversation: Investments are a matter of opinion, and taxes are a matter of fact.
Jess gives great insight on both the "WHY" and the "WHAT" related to tax planning and the importance of being able to take advantage of every opportunity available to the athlete.
Jess defines "WHY" as "having more money to do what is important to you.” Jess shares a personal story about how their own proactive tax planning led her and Tarik to fund their niece's college education.
Jess then also gives excellent advice on the "WHAT" by discussing three specific tax planning strategies that are available to the professional athlete and are unfortunately commonly missed:
To ensure you are taking advantage of every opportunity, Jess' simple yet profound advice to other baseball spouses going through similar circumstances - do not be afraid to ask questions of your advisor, and better yet, find an advisor who will answer and accept your questions.
EPISODE HIGHLIGHTS:
The Financial Advice You Need | MLB Draft #3
Professional Baseball is a Business | MLB Draft #2
The Draft Opportunity | MLB Draft Podcast #1
Finding the Right Advice | Molly Sewald | Athlete Wives #4
Persevering Through Adversity | Stevie Rasmussen | AWM Capital Athlete Wives Series #3
Pursue Your Passion | Sarah Garver | AWM Capital Athlete Wives Series #2
Brand Building Using NIL With Former MLB Pitcher Anthony Ranaudo | NIL Series #4
Universities & NIL With LSU’s Taylor Jacobs | NIL Series #3
Navigating NIL for College Athletes with Matchpoint Connection’s Jonathan Pixley | NIL Series #2
NIL Basics for Amateur Athletes with David Fleshman | NIL Series #1
MLB Players: Are You Taking Advantage of This Tax Savings Strategy? 12/31 Deadline | Erik Averill, Travis Chick | MLB Players' Series
PGA Tour University: Everything You Need to Know | Brendan von Doehren, Aaron Goldberg | PGA Players’ Series #16
The 3 Most Common Tax Mistakes Professional Golfers Make | Aaron Goldberg | PGA Players’ Series #15
A Pro Athlete's Guide to Private Real Estate Investing | Aaron Goldberg | PGA Players’ Series #14
Moving up to the PGA Tour like a Pro: What your Wealth Management Team Should Do For You | Aaron Goldberg| PGA Players' Seriest #13
Getting Elite Access to Private Investments | Aaron Goldberg | PGA Players' Series #12
Tax Time Check List | Aaron Goldberg | PGA Players' Series #11
Disability Insurance | Aaron Goldberg | PGA Players' Series #10
WMO Week: Cover your Blindside | Aaron Goldberg | PGA Players' Series #9
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