Jacob Turner

I am a financial planner for professional athletes. I have worked with everyone from: *Top 5 picks *League All Stars *Players earning more than $25,000,000 per year. 7 things I preach so their money lasts long after their player career ends:

The team @momentwealth is continuing to grow. We are looking for a team member to join our operations team. This role is in person in St. Louis, MO. Link to apply in the comments 👇

You are being pitched complexity (and it sounds great). Yet, you are running towards a ticking time bomb… I see it every day, a financial planner pitching the next great thing. Everything from: •Leveraged ETFs •Long/Short Direct Indexing •Complicated Life Insurance My friends, please remember every product was not built for you. Some of the most complicated solutions in the world are great. That doesn’t mean they are great for you. Wall Street is a marketing machine. The thing they are great at is telling you, you need this solution. When the truth often is, you don’t (and probably never will). So the challenge becomes sifting through endless options with often incomplete information. The thing I tell every family that works with us is this: You want to make sure the person sitting on the other side of the table (giving the advice) is doing so with your interest in mind. In a world with endless complexity (that will often leave you worse off than before), it has never been more important to have the right team in your corner.

“I am so tired of being the person that manages the entire financial team.” A sentiment I hear over and over from our clients. I learned this lesson the hard way as a client. One year, my CPA brought me a great idea: “Contribute to this account and save this much money in taxes.” My response: “Yes, we should be doing that”. Then I thought… “Why didn’t my financial planner bring this up earlier or mention this at all.” The simple reason… No one on my team was talking to each other. The model we have built at Moment is there to solve this. And look, not everyone needs a multifamily office with full team coordination. Yet the clients we work with: •Elite athletes (top 5 pick and all-stars) •$20M entrepreneurs They have outgrown the traditional financial advisor model. They need a team of A players and coordination of that team. So take it from my hard-earned lessons: if your financial team isn’t talking to each other, chances are you're missing out on planning opportunities.

Great perspective 👇

They cut Mike Trout, the greatest baseball player of our generation. A story you probably never heard and the lesson to learn: Back in 2008, I was a high school junior. I was an up-and-coming baseball player, and my first big break was an invitation to the USA Baseball team trials. You see, each year USA Baseball brought in 100+ of the best baseball players in the country to try out for the 18u national team. That year, USA Baseball had arranged for two players each to stay with a host family. My roommate was a player named, Mike Trout. Mike had incredible athleticism but was from the Northeast so he didn't come into the event on the "hype train" like some of the top prospects from California, Texas, and Florida did. We both performed well at the event and made it to the final stage of the trials. Here, USA Baseball chose the final 18 players for the national team. Mike didn't make those final 18 players. Fast forward all these years, and Mike is the best player of a generation. A surefire Hall of Famer and arguably one of the greatest baseball players of all time. Funny, how life works sometimes. Look...the lesson we can all learn from this ~ life is full of things outside our control. *You will be told no. *You will suffer adversity. *You will face disappointment. Accept it as part of your journey. My friends, we focus far too much on the end destination and completely miss the beauty in the journey. The come up, the adversity, and the struggle are what you will talk about one day. It makes the destination worth striving for. So, the next time you face a setback, remember Mike's story. - Photo Credit: David Richard/USA Today Sports

Here is a way to retire with over $8,000,000. It takes two accounts, delaying gratification, and time. Here is the playbook: 1. Max out your 401(k) The max pretax contribution for 2026 is $24,500. You will save money in taxes each year and build your nest egg. Find a way to do that every year. 2. Max out your Roth IRA The max contribution for 2026 is $7,500. You will be building a tax-free bucket of money for retirement. Find a way to do that every year. The Math: - You contribute $32,000 per year. - You do this for 40 years. (The average person works longer) - You earn an 8% rate of return. (The S&P 500 has returned around 10% over the last 50 years) - Your total contributions would be just north of $1,280,000. - Your ending balance after 40 years would be just north of $8,289,000. The Challenge: - $32,000 is A LOT of money, especially at the beginning of one’s career. - It is not a get rich quick system. - Lifestyle creep is real. - It will take decades. Creating long-term wealth does not have to be complex. It does take time. It does take a plan. It does take persistence. The part I love the most…all of those things are in your control.

An SEC football player is making $1,100,000. Here's the game plan to make the most of it (and what most miss): Between taxes, planning, and retirement accounts, it all starts to blend. Yet here is how a plan can pull this all into one strategy. Step 1: Create Your Structure Your LLC provides no tax savings. Your LLC + S Corp election + Proper Salary strategy can. So before you start putting away a dollar you need to know this: What is your tax election (often an S Corp)? What are you going to pay yourself in salary? What is deductible and what isn't? Knowing these three things can save you tens of thousands (often more) in taxes. Only then do you start thinking about where the money goes. Step 2: Separate Out Long-Term Money Too many college athletes are putting money in accounts they can't touch for decades. Life will change a lot from 18 to 30 years old, so have that framing first. Yet some retirement accounts (not liquid) are too good to pass up. The two accounts to prioritize: Solo 401(k) and Roth IRA. A $72,000 Solo 401(k) contribution saves you north of $25,000 in taxes. Yet here is where most mess this up… $24,500 goes in as the employee $47,500 as the "employer” Without the proper salary and payroll structure, you can’t maximize this. A Roth IRA is a tax-free compounding account. Yet if you contribute to a SEP IRA (over a Solo 401(k), you lose the ability to do a backdoor Roth IRA (and your ability to contribute to this account). See how every move affects the next one... Step 3: Establish The End Game You know your starting point. $1,100,000 contract. You don’t know your end game. What do you want to have saved at the end of college? What money should be in retirement accounts vs taxable accounts? What purchases should you pull the trigger on today vs waiting on? Far too often, I see a college career fly by without a plan. That $1,100,000 ends up with a mixed bag of results. A few dollars saved here. A few dollars saved there. Yet no structure and a bunch of regrets. Athletes, you have one shot to do this thing right; don’t waste it. ***If you are a top NIL athlete, this is exactly what our team at Moment does. We serve as your entire financial team to make sure you make the most of every dollar you earn in your career. Link to schedule a call in the comments below.

Step one is getting drafted. Step two is nailing all the off the field steps.

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"We did it" - The line I told my dad while tackling him after hearing my name called in the MLB draft. An open letter to all future MLB draftees: The emotions you will feel this weekend are hard to put into words. It is a mix of fear, uncertainty, excitement, and gratefulness always tied into this thing called the MLB draft. Just know that you have earned it. The commitment no one saw, the late nights by yourself, and the self-belief are a big reason you are here. But they aren't the only one... The people on your bus helped to get you here. Your parents who took you to everything (and paid for it), that teammate that picked you up when you were down, and that coach that changed the trajectory of your career need to be celebrated. So let them know their impact. This experience will be a blur, and before you know it, you will be a minor leaguer. That is when the real journey starts. Don't lose sight of your dream; it wasn't getting drafted...it was playing in the big leagues. You will want to doubt yourself. You will face incredible challenges. You will wonder if this is the right path. My encouragement ~ Just keep going. Professional baseball will teach you more about life than it will about baseball. Whether you end your career with 10 games in AA or 10 years in the big leagues, you should celebrate that. You defied the odds every step of the way. That ability to overcome (when everyone said it was impossible) will carry you in everything you do in life. And lastly ~ Enjoy the journey. There will be a pull to always want the next thing. The callup. The contract. The recognition & applause. Yet the real joy comes in the journey. The bus ride. The card game. The clubhouse conversations. You will blink, and it will be over. So to all the players getting drafted this weekend. Good luck and welcome to the club.

Gold.

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A video for every future MLB draftee and family ⬇️ youtu.be/sb9_cke05Ro

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