Wealth Management for Professional Athletes At WestPac Wealth Partners, we know the success of an athlete is the result of discipline, hard work, and smart, informed decision-making. It is essential to seek out the right team that understands what is important to you, guides you, and provides long-term support as you move through the various stages of your athletic career. As a company founded by former athletes, we understand the amount of pressure placed not only on athletes’ bodies but on their financial life. At WestPac, we become your coach to guide you through every strategic decision with your financial planning. Planning for Retirement WestPac Wealth Partners works with professional athletes to alleviate the financial stress of long term planning. Athletic careers can earn a lot of money, but they are also very short. This leads to a shortage of cash later on in life for far too many retired athletes. By simplifying every move, we’ll help you implement a well-planned strategy to convert your earnings into a lifetime of financial confidence.We'll get your money to work for you so that you can maintain your current lifestyle even after you complete your athletic career. We know it's hard to know exactly what to do to plan for retirement. You focus on your career, and we'll handle the organization; our advisors do the work for you. Financial Management Strategies for AthletesWe have a variety of tools and strategies to help you manage your wealth. With a holistic approach to financial planning, we are confident we can help you achieve your goals.Minimizing Taxes for AthletesHome State - Does your team's state have favorable tax laws? If not, having residence in a state with no income tax may help you save significantly.Jock Tax - The jock tax refers to taxes a state may levy against an athlete for any income he/she earns while competing there. These taxes are in addition to the taxes you owe in the state you are a resident of (if applicable). Knowing how to mitigate the jock tax may help you save come tax season.Bonuses and Endorsements - Signing bonuses are only subject to tax in the athlete's state of residency. Endorsements can add a layer of complexity to your taxes, so understanding appropriate strategies can make a huge impact on your take-home pay. With years of experience in this field, we can help you make the right choices. Our Process Planning for retirement can be tricky and complicated, but our representatives help take the stress away and make your life so much simpler by allowing you to focus on your career and your life. Among other things, we can help you live a budgeted life, increase your discretionary income, and increase your tax efficiency.Our firm is uniquely positioned to offer our clients access to one of the most comprehensive financial product platforms available today. We strive to provide the most personal service available, thus earning a reputation for excellence in our industry. Each person has his or her own unique situation, and we want to hear about yours. A few of the topics we can address include the following:Salary and Savings - It's common that athletes enjoy a high salary for relatively short career. So what does this mean? Those paychecks, regardless of how large they are, won’t last forever. Athletes need to consider how to fund the rest of their lives beyond the present. At WestPac, we want to help you implement a plan that will help you maintain your current lifestyle through your retirement. Financial planning (investment management and asset allocation) - With a relatively short average career length, investments and proper asset allocation can be vital for an athlete's long-term financial success. Our advisors have years of experience and want to help you make sure your portfolio is set up for long-term success.Multi-State Tax Plans - While the majority of people live and work in the same state, chances are that is not true for you. While this can make taxes more complex, there are ways to mitigate your taxes to help you keep as much of your income as possible.Insurance Services - WestPac is uniquely positioned to offer our clients access to one of the most comprehensive financial product platforms available, and this includes a wide range of available insurance products to give you the necessary protection and stability.To learn how WestPac can help pull your plan together, contact us today for a no-obligation appointment, in person or via an online meeting, to see if we are a fit for you. There is no initial out-of-pocket expense, and there are no hidden fees. It really is that simple.Guardian, its subsidiaries, agents and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Complimentary ConsultationAthletic retirement planning can be extremely time-consuming, and stressful. Fortunately, there’s a better way…We have a solution for you to easily and successfully retire and keep your current lifestyle for the decades following.Contact us below for a complimentary consultation! Our Process Our History Our Values Contact WestPac Wealth Partners! Name Email Address Phone Question Thank you! Oops!