THE LEDGER

Athletes need to realize that they can experience financial hardships, just like any occupation. Although you may be at your peak now, that doesn't mean that you won't lose your thunder as you get older. This is why athletes must have a long-term financial plan.

Different lines of work come with different types of earnings and tax implications. Some people might wonder how artists or athletes handle their taxes, given their source of income and the nature of their work. The best of the best can earn significant sums when competing—and these earnings are subject to some form of taxation!  If you’re an athlete who has already earned from competing or training to compete in the big leagues, then considering athlete financial management