You have your NIL money, what’s next?
First things first, congratulations. Now it’s time to learn a little more about the name, image, likeness game. Whether you’ve made a deal for $5K, $10K or $100K, here’s what you should know.
The fundamentals
Click the cards to learn more.
Start a budget – your finances are different now – think through how much you can afford.
Savings matter too – income can change and there may be times when you earn less.
Remember to do your taxes so you avoid any penalties.
Understand the jock tax: you pay a portion of earnings in places you don’t live.
If giving back, make sure you have the forms and info you need.
Align your values with what’s right for you.
You don’t always have to say yes – go with your gut, if it doesn’t feel right, it’s probably not.
Think long term about the rest of your career and how you want your brand to grow.
A team effort
No matter your situation, our Sports & Entertainment advisors can help with maximizing earnings, investments and entrepreneurship.
It’s tee time
Every year, we spotlight the incredible golfers at the Augusta National Women’s Amateur (ANWA). We’re proud to support this event that never fails to impress spectators and inspire the next generation.
How to win in the game of finances
Build your empire
When you have new money, there’s lots of potential in the investing world. But it can be overwhelming, especially if you’re a first timer. We can help. .
Take care of others
You may have family members to look out for or want to give back on an even larger scale. There are many options. And some have tax benefits.
Make Merrill your financial coach
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Focus on your needs first
We learn what’s important to you today and what you want in the future.
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Build a plan just for you
You’ll work with your advisor to create a plan that’s uniquely yours.
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Be flexible for life
Your needs and goals may change, your financial plan can too.
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Stay on track
Your advisor will help keep you on track, guiding you every step of the way.
