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:
5 Things to Do When Turning Pro | Aaron Goldberg | PGA Players' Series #8
Giving Back Like a Pro | Aaron Goldberg | PGA Players' Series #7
Should I Invest in the Next Hot IPO? | Aaron Goldberg | PGA Players Series #6
What State Do I Live In? | Aaron Goldberg | PGA Players' Series #5
Optimizing Your Taxes with an Individual 401(k) | Aaron Goldberg & Zach Miller | PGA Players' Series #4
Should You Set Up an LLC as a Pro Golfer? | Aaron Goldberg & Erik Averill | PGA Players' Series #3
The Most Important Off-Season Financial Moves | Aaron Goldberg | PGA Players' Series #2
The Unique Financial Needs of Professional Golfers | PGA Players' Series with Aaron Goldberg and Erik Averill
The Difference Between “Personal Value” vs “Market Value” | Travis Chick, Will McGuffey | MLB Draft Podcast #16
Answering the MLB Draft’s Most Asked Questions | Travis Chick, Will McGuffey | MLB Draft Podcast #15
Blue Jays' C.J. Ebarb on Preparing for the Draft | Will McGuffey, Travis Chick | MLB Draft Series #14
LSU's Coach Cain on What Makes Players Successful | Travis Chick, Will McGuffey | MLB Draft Series #13
Texas A&M’s Justin Seely on Navigating the Draft | Travis Chick, Will McGuffey | MLB Draft Series #12
Financial Advice Before The MLB Draft? The Pros and Cons | MLB Draft Series #11
Advice From A 1st Round Parent | Erik Averill, Travis Chick | MLB Draft Series #10
Adley Rutschman On Going Amateur To Pro | Erik Averill, Travis Chick | MLB Draft Series #9
Bobby Stroupe On Utilizing Downtime To Stay On Your Game | Erik Averill, Travis Chick | MLB Draft Series #8
How Is Your Signing Bonus Taxed? (2021 Update) | Erik Averill, Travis Chick | MLB Draft Series #7
Eric Chenowith On Do I Need Disability Insurance? | Erik Averill, Travis Chick | MLB Draft Series #6
Tyler Beede On Navigating The Draft And Your Baseball Career | Erik Averill, Travis Chick | MLB Draft Series #5
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