Professional Athletes
Tax Strategies for Professional Athletes
State of Residence
Is your team based in a state with high income taxes?
Establishing residency in a tax-friendly state - such as one with no state income tax - could lead to substantial savings over time.
"Jock Tax" Considerations
Many states require athletes to pay income taxes on earnings made while competing within their borders, regardless of residency.
These are known as "jock taxes" and are in addition to any taxes you owe where you live.
Planning ahead can help reduce the burden when tax season rolls around.
Handling Bonuses & Endorsements
Signing bonuses are typically taxed based on your state of residence.
Endorsement deals, however, can introduce added tax complications.
With the right guidance, you can make informed decisions that help preserve more of your income.
Our team brings extensive experience in helping athletes navigate these unique financial situations.
Planning for Retirement
At Arbor Wealth, we work with professional athletes to help ease the financial pressure that comes with planning for the future.
While a sports career can bring in significant income, its short span often leaves former athletes facing financial uncertainty later in life.
Our goal is to simplify the planning process and build a strategy that transforms your peak earnings into lasting financial confidence.
We'll make sure your money works as hard as you do - so you can continue enjoying your lifestyle long after your playing days are over.
Retirement planning can feel unclear, but you don't have to figure it out alone.
You focus on your performance, and we'll take care of the financial planning - step by step.