Wealth Protection and Tax Optimization
Wealth Protection
The most common mistake among professional athletes, coaches, and entertainers, especially early on in their careers, is not spending the necessary time to find a credible financial partner to help develop a comprehensive and custom financial and life plan. We have heard many times, “I wish I had found you sooner”. The earlier the relationship is established, the better the opportunity to put in place sound money habits, increase your wealth and guarantee its longevity.
At Stone Hill Financial, we understand irregular income, shorter career lifespans, high profile lifestyles, and tax complexities. With careers that often peak early and income that can be short-lived, athletes and entertainers need strategies to sustain wealth long after they retire from their career. An SE-AWMA™-certified advisor is equipped to create a tailored financial plan focused on securing long-term financial stability.
Our team operates on what we call the four guarantees in life:
- Life Changes
- Tax Laws Change
- We Will Pay Taxes
- We Are Not Immortal
Stone Hill Financial approaches things holistically and keeps in mind the four guarantees in life to help ensure that you are set on the road to financial success.
Tax Optimization
Athletes and entertainers face complex tax and risk challenges. An SE-AWMA™ advisor understands how to optimize tax strategies and mitigate risks, ensuring they retain more of their earnings and protect their wealth from unforeseen challenges. We work closely with you to develop tax-wise strategies for year-round planning. Planning ahead and wisely helps to reduce your annual tax liability and keep more of what you earn. Clients in the sports and entertainment industries also need to take into consideration any contracts in place where your professional careers and income may come from other states.
The Financial Landscape is complex and working in coordination with your qualified tax advisor, Stone Hill Financial will assist you with the following:
- Tax diversification and harvesting strategies
- Qualified retirement plan analysis and recommendations
- Planned giving strategies and charitable contributions
- Tax smart planning and strategies to reduce federal and state inheritance and state taxes
Schedule a Consultation
If you believe you could benefit from working with a financial professional, let’s review yours goals to see if you’re a good match for our practice.