The NCAA will no longer prohibit its athletes from making money off their name, image and likeness (NIL), and some are already cashing in. For example, incoming Tennessee State freshman basketball player Hercy Miller signed a deal with web design and coding company Web Apps America for $2 million over four years. It has long been a problem that college athletes — in fact almost all college students — aren’t offered enough personal finance education in school. And now with NIL it’s even more important than ever for college athletes to take control of their personal finances. For those looking to take advantage of this newfound sponsorship money, here are seven steps to focus on.
Learn what you need to know to take control of your finances. From what questions to ask an investment advisor to the difference between some important financial terms, this conversation will have you feeling empowered and ready to take the lead in your finances.
Is your business ready for the 2021 tax season? Carlos Dias Jr., financial adviser and tax expert, shares everything you need to know to take advantage of Biden tax benefits.
A 401(k) is one of the best-known and most common tools for saving for retirement, but not everyone has access to one. Having a 401(k) or not is often generational — younger generations typically self-fund their retirement through 401(k)s and other products, while baby boomers often have a pension plan provided by their employer.
A 401(k) plan can be a great way to save for retirement, but many people lack guidance on what to do with this financial tool after they retire. There are several ways to take advantage of a 401(k) based on your needs and goals, and understanding each option can help you feel more comfortable with making your own decision.
People buy life insurance for various reasons, but its main purpose is to provide a financial benefit for loved ones after the policyholder passes away. Life insurance can also provide other benefits, including supplemental income during retirement or a temporary loan if a bank’s interest rates are too high.