On today’s episode, we’ll discuss Shohei Ohtani’s MLB contract and make parallels with ER doc’s deferring income – both in qualified and non-qualified ways.
Topics Discussed:
- The layers involved in getting through retirement.
- The largest contract in professional sports history (and what we can take away from it).
- Planning for income tax differences between states.
- Recent changes in the income tax levels.
- Playing out the different options when it comes to weighing out different wage payout options.
- The tax considerations for earning location vs. retirement locations.
- Investments that help to reduce tax liability.
- Why not all tax strategies are worth the risk.
Resources Mentioned:
Tags
tax rates,income tax, california taxes, sports contract, ER docs, Emergency medicine,state taxes, retirement planning,
