This year marks the inaugural PGA Tour University class that will have immediate access to the Korn Ferry Tour and Mackenzie Tour. Like with any new system there have been lots of questions, plenty of conflicting thoughts, and some incorrect information swirling, that may influence players decisions whether to turn pro or come back for one more year of college golf. We decided to go straight to the source.  

Senior Director at the PGA Tour and creator of the PGA Tour University, Brendan von Doehren, joins us to walk through the genesis of PGA Tour U, how the system works, and clarifies some of the questions and misconceptions we have been hearing on the ground. If you are a player, coach, or part of their inner circles you do not want to miss this episode. 
 

Episode Highlights

• (1:58) How was PGA Tour University created?
• (5:23) Who had input and was consulted?
• (8:42) Benefit to the players and the Tour?
• (11:32) Who is eligible in the rankings?
• (13:16) How do the rankings work?
• (14:00) What events count and why?
• (17:44) What access to Korn Ferry and other tours is available?
• (26:48) How much movement in the rankings is expected the last couple months?
• (31:23) How will the rankings look next year?
• (34:29) Ho will players in the rankings this year who come back, fit in to next year’s rankings?

Professional Golfers have one of the most unique tax situations of all individuals. We tend to see the same mistakes made over and over when we review new clients previous tax returns. It typically comes down to a lack of knowledge and expertise in how to work with athletes. Your team should be doing everything possible to keep as much money under your control now and minimize your tax liability over the long haul as well.

In this episode we will discuss the three most common Mistakes that we see when it comes to taxes. There are different strategies that professional golfers should be utilizing in high tax years and low tax years, and there are some foundational planning items that should be in place year-round. Why pay more in taxes than you have to?!

Episode Highlights

• (1:10) The two things we see wrong with quarterly estimated taxes
• (3:49) Why your tax planning should be a 365 day per year endeavor
• (4:30) Not taking advantage of retirement plan contributions
• (5:13) SEP IRA vs individual 401k
• (8:37) Actions in a low tax year
• (10:31) Mistakes with residency days

Download your free resource at awmcap.co/pga15

Have you ever wondered why ultra wealthy families invest in private real estate? Why wouldn’t you just buy your own rental property or invest in a public REIT (Real Estate Investment Trust)? How do you even find a quality partner to invest with? What types of real estate investments are out there? As a professional athlete, when would this type of investment make sense for you?

In this episode, we talk with experts from two different private real estate firms to get an insider’s guide on what to look for in a deal, how to evaluate it, and how to choose a partner to invest with. And they both happen to be former professional athletes as well. Dan Kennedy is a Partner at Driven Capital Partners and a retired MLS player, and Peter Tomasulo works for Lyon Living and is a retired PGA Tour player. I learned a lot in this interview and hope you do, too.

Episode Highlights

• (1:00) Why Dan started investing when he was a MLS player
• (5:14) "I thought I was going to play until I was 50 years old and then I was just going to be able to do whatever I wanted." - Peter Tomasulo
• (13:05) What are the different types of real estate investments?
• (22:57) Why do high net worth families and successful athletes invest in RE
• (23:54) Why not use a public REIT?
• (29:08) What to look for when evaluating a new investment?
• (33:06) When does an investment like private real estate fit in my financial structure?