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:
Selecting The Right Financial Team | Erik Averill, Travis Chick | MLB Draft Series #4
Selecting The Right Sports Agent | Erik Averill, Travis Chick | MLB Draft Series #3
What's My Number? | Erik Averill, Travis Chick | MLB Draft Series #2
The Draft Opportunity | Erik Averill, Travis Chick | MLB Draft Series #1
Real Estate with Jon Condo | Zach Miller | NFL Players Series #23
Grant Haley on Private Investing for NFL Players | NFL Players' Series #22
Venture Capital Investing with Akbar Gbajabiamila | NFL Players’ Series #21
Brandon Copeland on Financial Freedom for NFL Players | Zach Miller | NFL Players’ Series #20
Post Career NFL Tax Strategy | Zach Miller | NFL Players’ Series #19
The 3 Costliest Misses for NFL Players | Zach Miller | NFL Players’ Series #18
Get The Returns You Deserve in Real Estate | Zach Miller | NFL Players’ Series #17
Are Hedge Funds Worth It? | Zach Miller | NFL Players’ Series #16
What Matters in Venture Capital | Zach Miller | NFL Players’s Series #15
When Does Private Equity Make Sense? | Zach Miller | NFL Players’ Series #14
Navigating Free Agency | Zach Miller | NFL Players’ Series #13
Tax Strategy In the NFL | Zach Miller | NFL Players' Series #12
Do You Have an Elite Wealth Strategy? | Zach Miller | NFL Players' Series #11
Super Bowl Week & Protecting Your Net Worth | Zach Miller | NFL Players' Series #10
Fundamentals of Wealth | Zach Miller | NFL Players' Series #9
Offseason Game Planning | Zach Miller | NFL Players' Series #8
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