With the PGA Tour calendar wrapping up this week and players are heading into the off-season, now is a pivotal time to take advantage of potential tax planning opportunities for this year and dive into financial planning for 2021 and beyond. 

As you’re setting up your off-season plans with your swing coach, trainer, and on-course team, now is also the time to check in with your wealth management team. You’re making plans to set yourself up for success on the course next season; why not take the time to review your financial plans as well? 

In this week’s episode of the PGA Players’ Podcast, I discuss the important steps you should be taking in the off-season to wrap up this year and prepare yourself financially for the New Year, so you are free to focus on what really matters: winning PGA Tour events.

Key Topics Discussed:

• (1:11 ) the importance of year-end planning for pro golfers
• (1:35 ) The equation for high end performance
• (1:53 ) Tax planning at end of the calendar year including retirement plan contributions, corporation filings, and more.
• (3:21 ) Setting yourself up for financial success next year
• (4:53 ) Communicating personal expenses and goals
• (5:49 ) How much are you spending? Building a sustainable lifestyle
• (7:12 ) Leaving a legacy through charitable planning
• (8:38 ) Human capital and maximizing sponsorships
• (10:45 ) Putting together an off-season financial plan