Financial Planning for Student Athletes & NIL Income
Helping Student Athletes Gain Confidence Beyond the Game
NIL (Name, Image & Likeness) opportunities are creating real income—and real financial decisions. We help student athletes and their families navigate taxes strategies, and long-term planning with confidence.
NIL Opportunities Come With Real Financial Complexity
NIL deals can be exciting—but they also come with responsibilities most athletes aren’t prepared for.
- Income is often paid as 1099 (no taxes withheld)
- Financial decisions are happening fast
- Long-term consequences aren’t always clear
Without the right guidance, it’s easy to make mistakes early.
What We Do:
We work with student athletes and their families to turn short-term earnings into long-term opportunity.
- NIL Income & Tax Strategies: Understand what you owe, when to pay it, and how to avoid surprises.
- Financial Impact: We help you understand the financial impact of your deals.
- Budgeting & Cash Flow: Create structure around your income so it lasts beyond the season.
- Business Financial Planning: Guidance on financial planning when setting up an LLC or entity.
- Long-Term Financial Planning: Build a strategy that supports your goals—whether that includes going pro or beyond.
Designed for Athletes at Every Stage
- High school athletes preparing for college NIL opportunities
- Current college athletes earning NIL income
- Families supporting student athletes
- Athletes planning for professional careers
We collaborate with the professionals already in your corner.
- Work alongside agents, attorneys, and compliance offices to focus on your financial picture
- Focus on financial clarity—not contract negotiation
- Provide financial guidance that supports both short-term decisions and long-term goals
NIL Income Is an Opportunity—If Managed Correctly
For many athletes, NIL may be the first time earning meaningful income. The decisions made now can impact:
- Taxes and penalties
- Future financial flexibility
- Long-term wealth potential
Our goal is simple: help you make the most of the opportunity in front of you.
Make the Most of Your NIL Opportunity
Whether you’re signing your first deal or already earning income, having a plan in place makes all the difference. Let’s build one together.
Investment advisory products and services made available through Impact Partnership Wealth, LLC (“IPW”), a Registered Investment Adviser. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
The financial planning services described on this page are intended for student athletes and their families navigating Name, Image & Likeness (NIL) income opportunities. We do not provide legal advice, contract negotiation, or compliance oversight with NCAA, NAIA, applicable state laws, or institutional policies governing NIL. All guidance is specific to financial strategy, tax considerations, budgeting, and long-term planning related to NIL earnings.
Student athletes are responsible for understanding and complying with their school’s and governing body’s NIL regulations. Before entering any NIL agreements or making significant financial decisions, consult with qualified legal and compliance professionals. The information provided here is general in nature and should not be construed as individual financial, legal, or compliance advice. 5510969 – 5/26.
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