Phil Mickelson got it right, there is a huge tax implication for those living in high tax rate states, but what he doesn’t know is that he can save a ton of taxes by taking advantage of a structured settlement on his celebrity endorsement fee income. It is permissable for people to tax that portion of their income and spread it over time, much as trial lawyers can with a structured legal fee or if you were structuring a capital gain on the sale of real estate.
Learn more on this weeks edition of Speaking of Settlements, featuring Mark Wahlstrom, President of
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