Kevin Achatz

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Kevin Achatz

Kevin Achatz

@KevinAchatz

Seed planter of God’s Word. Satan will kill Jesus’s Two Witnesses. They will rise after 3.5 days, just like Jesus did. Then will come Jesus as King

Beaver Dam, Wisconsin, USA Katılım Aralık 2012
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Kevin Achatz
Kevin Achatz@KevinAchatz·
Happy Thanksgiving
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Scott Morrison, CFP®
Scott Morrison, CFP®@SMorrison_·
Most NIL athletes making seven figures will hand the IRS roughly 40% of their income. They don't have to. A college athlete making $1M+ in NIL this year should be looking to contribute to a Solo 401k. Most don't know it exists or how it works. Here's what the math actually looks like. Contribute $72,000 to the Solo 401k. $24,500 as the employee. $47,500 as the employer. That's an immediate tax savings of about $26,000 this year. Real money back in the athlete's pocket instead of in Washington's. Now invest that $72,000 and let it compound. Fast forward 40 years, when the athlete is 60 and long retired from whatever their second or third career was. That single contribution could be worth $3 million. One move. One year. The boat sinkers in athlete finances are loud. Bad cars, bad houses, bad business partners. The wealth builders are quiet. Tax-advantaged accounts, smart entity structures, decisions nobody posts about. NIL income is taxable self-employment income. The athletes who win long-term aren't the ones with the biggest deals. Rather, they're the ones who knew what to do the moment the money hit. What's your $3 million decision this year?
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