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I want to get into this NBA BYU basketball stat
of the day. This is from Jeremy wu a Western
Conference GM Jeremy Woo and NBA Insider discussing the NBA
Draft at Western Conference GM on why this is a
quote on why AJ to Bonsa is the favorite for
going number one, number one, number UNO overall in the
NBA Draft. Remember we're talking about Darren Peterson versus AJ
versus maybe Cam Boozer. I mean there's been talk mostly
of AJ versus DNP. DMP was the favorite. It was
like early on in the college basketball season, but not
so fast. AJ rises the number one. Why is that?
This is what the GM had to say about AJ.
I guess you'd rather fail with AJ and his upside
than not. And I know Peterson has upside, Maybe Boozer's
upside is a little bit less. I just think that AJ,
because he's six' nine and he could be like six,'
ten two hundred and thirty pounds by the time he's
twenty five.
Speaker 2: Years old he could just be.
Speaker 1: A monster i think You've got you've just got to
go down swinging.
Speaker 2: With him if you, go down let's.
Speaker 1: Welcome in some of our our statisticians today are men.
Of metrics, ARE numbers? I believe do We got joe
on the line right Now or?
Speaker 2: Blaine trade?
Speaker 1: All right we Got Both blaine Anderson And joe holloway on.
The line We Have financial ADVISOR and Cpa. At, vanderwelt
gentleman how the heck?
Speaker 2: Are? You, guys hey we're.
Speaker 4: Doing great we're. Doing great you got Your tex smart. Duo,
here man it's good to be.
Speaker 2: With you let's.
Speaker 1: Go well the right thing to do, RIGHT now i
think would be to Invest in Aj to bonsa as,
number one as the number one. OVERALL pick i think
he's got a little bit of that dog.
Speaker 2: In him he does the. Lonely work he's a.
Speaker 1: Good teammate, HE actually, i mean he distributed the ball
much Better Than darren peterson. THIS year i, FELT like,
i mean he's the leading score OF The NC double
a at twenty five point five points. Per game it
seems like the ride investment would be to go down
with h go down SWINGING with aj and his upside, Your, thoughts.
Speaker 4: Hey Man i'm i'm right there. WITH you i know throughout.
The year there's a lot of Talk About darren peterson Out,
of kansas and then even even one Of The. BOOZER
boys i CAN'T say i know, which one but of
course being, out west BEING a, BYU guy I. Like
Aj then i'd go with one Of The boozer boys.
After THAT but I Think darren peterson has fallen off
and isn't in that same conversation as he. Once was
it certainly might might take. OUT it I.
Speaker 1: Love aj the probability Of the jazz by, the way
to get the number one overall pick.
Speaker 2: Is ten and a.
Speaker 1: Half percent not a, great uh not a great. NUMBER
there i think they're like fourth, in probability, you know for.
Speaker 2: The Lottery, so joe that's not a.
Speaker 1: Great problem, but hey the jazz fan base does pretty
well with, ten percent.
Speaker 5: Don't, THEY yeah i was gonna say that fits. Perfectly
right we need to figure Out What ryan smith's lucky,
charm is, you know to take to the, lottery.
Speaker 2: Pick no doubt, About it so a ten. Percent chance
look check this.
Speaker 1: Out too Agent de bonsa recently talked about his decision,
to play to stay in college or to go TO
The nba Today On Yahoo sports daily check. This out
so they asked, the question you're looking forward a. Little
bit have you made any decision about what is NEXT
for aj? To BONDSAY and, aj, SAID no, I haven't
And so i'm gonna get your buying or selling reaction.
Speaker 2: To, THIS no.
Speaker 1: I haven't i haven't talked to. My mom she's actually,
not HERE so i haven't talked. To her they follow
up and, they say what goes into that.
Speaker 2: Decision for you whether to go TO the nba or STAY.
AT byu, aj says it's her whatever. She chooses has
it always been? That case?
Speaker 1: THEY respond, aj, Says yeah she's pretty much been making
all the decisions in life. For me she DECIDED where
i went to. High school she CONFIRMED that byu was good.
For me, and, then so what are some of the
pros and cons that have been you've been dealing with
of either coming back to school or declaring for? THE
draft aj says pros and cause there are no pros,
AND cons i didn't make.
Speaker 2: A decision, i mean it's a really.
Speaker 1: Funny, Conversation anyway the LIKELIHOOD of aj coming back is
probably less than. Ten percent but, YOU know i think
it's INTERESTING that aj is fielding these questions and not,
being declarative he is potentially if he was to not
go TO. The, NBA right i don't know what type
of nil valuation that he, would RECEIVE but i mean,
THIS year, i think is nil valuation somewhere between four
point two and four point FOUR million mba contract is,
you know this next year probably be around like, thirteen
million and that that that, that, scales right it goes
to like fourteen and then like sixteen and it, you
know over a four, year period it's something around sixty
million that he'd.
Speaker 2: Be making is there? A?
Speaker 1: Debate right, YOU know i was having this debate with
my brother and some of my other family members, earlier today,
is like is there A debate w TWO versus w
nine kind of ten ninety? Nine income like the pros
and cons? Of both because you go TO, the NBA
your w two half of that fourteen million that you're
getting now that's Going To. Uncle, sam right let's talk
about tax smart wealth? Advantages here, well, yeah Well and
i'll go ahead BLAME but i, would say first, of all, You,
know ben it sounds.
Speaker 5: Like we actually need to get the mom an nil
package is what really needs.
Speaker 2: To, happen, yeah.
Speaker 5: Yeah exactly we need to line up, those sponsors, you
know is, it persons, make up, you know whatever. It
is we need to get that. Lined up, but no you're,
exactly right and you touched on a very interesting point.
In that just, you know athletes, these days college athletes
getting ten ninety nine from sponsorship deals and things. Like
that whole different ballgame in terms of how, it's packed
and so, you know running, an analysis you know there
might be some, comparative advantages and you know they really
need to think about the financial aspects like that so
that they have plenty to, Invest, Right.
Speaker 4: Blake, well. Yeah Totally and i'll tell you working ON
the nflpa side, of thing being a, REGISTERED advisor i
see what a lot of the rookie contracts, look Like
and i'll, tell, you, yeah definitely AJ's in a. Different,
realm yes being a top pick makes a, big difference
but the nil component is. CERTAINLY real a lot of
these guys do end up setting up their. Own LLCs
they got, marketing gigs they've got ten, ninety nine and
really the truth is they play in both spaces ON
the w two and in the ten. Ninety nine but
let me. Just mention one thing that comes to MIND,
WITH aj i, would say in, most, cases yes ninety
nine percent probabilities going TO, the nba we're not going
to see. Them anymore and that would be the case with.
Most people but the only REASON why i Say, with
aj there may be, a chance maybe it's still only
like ten percent or a little bit more that he
stays is that he CAME to byu in the. First
place that shows that. He's different, and hey if it's
mom in the background that's given him a, little nudge
given him, Some, PUSH hey I know i can rely on.
My mom she's been the best, for Me and i'm
sure it's the SAME. For aj but there may be,
a chance just because it was unlikely that he would
a guy like him would COME to byu in the.
First place so he's already shown it that he did,
it once maybe he does.
Speaker 1: It again are there ideal places to live in order
to save money? On taxes i'm looking at like the probabilities,
RIGHT Now Nba draft, Lottery, Odds, Washington, Brooklyn, Indiana. Sacramento
utah those are the top five You, Have Dallas, New, Orleans, Memphis,
Chicago milwaukee golden state in the.
Speaker 2: Great State, Of, California, Portland.
Speaker 1: MIAMI orlando i think orlandoly has like a point five
percent chance of. Getting it but, THEN again I. Think
dallasallas dallas had like a point five percent chance of
winning the lottery last year and They Got. Cooper flag
is there an, IDEAL place i guess to play and
maximize your your taxes or avoid your your your taxation
if you're a major player in a in a in a,
big LEAGUE, THE, NFL, nba nhl.
Speaker 2: Et, cetera, Yeah Totally you're you're you're.
Speaker 5: SPOT on, i mean you know when it comes to
the draft and you're Looking at orlando and that, you
know half a percent chance that could save you a ton. Of,
Money right there's no state income Tax. For, florida yeah
and so, you know from a, financial perspective you might
be might be wanting something like that versus when you
look at the athletes that Play, in california and so
you want.
Speaker 1: To be Drafted by orlando, right now you want to
be Drafted to florida at Someplace.
Speaker 2: IN florida i want.
Speaker 5: To want to face. The money, That's, right yeah let's.
Speaker 2: Do it that's. THAT'S awesome i love, it guys.
Speaker 1: Real, Quick uh Joe and blaine appreciate. You guys, join
obviously let's talk a little bit about of what people.
Don't realize how often do you see people maybe missing
on tax smart wealth opportunities to save money on their
taxes or to uh maybe just.
Speaker 2: Avoid, taxation, Well.
Speaker 5: Yeah i'll, go, Ahead, BLANK well i was just.
Speaker 4: Going to save in a. Few things, this week we've
been helping clients get some get a SET by, ri
setup get, some contributions some tax deductible contributions for. LAST
year i recently had a client whose daughter's going ON an.
HXP trip a lot of people know these are some,
charitable TRIPS and, i, said hey let's get a donor
advice fund setup and make that payment so that you
at least get a tax deduction in. Doing it and they, were,
like wow they didn't even realize you could do something.
Like that or we've got some highly, appreciated assets let's
make your, charitable contribution or in our in, our world
your typing payment through that not have to pay capital.
Gains taxes these are all just things that have come
up this week just. In planning we've looked at some real,
estate investments some private real estate investments that have the
tax advantages not only at the, investment level but also
for the, investor level and how we do, IT so
i would say it. Happens often maybe we see it
a little more often, than most but these little things
start stacking and adding up. Big time and those are
some of the things that we do from our lens AS.
A cfp, I, know joe you see some things FROM the.
Cpa standpoint it's been a busy time a year, FOR
you i know. As, well.
Speaker 5: YEAH totally i mean we're coming up on those deadlines
and we're seeing those things come, to coruition and, you
know at this point for some folks it's a little,
you know getting a little late to plan for. Twenty
five but going forward as the key and blaying, you
know touches on. IT exactly, i mean he talks about
the tax benefits on the, investment side, and coordinating, you
know with me and the tax team and accounting team
to make sure that those are handled properly and followed
up on and execute it in a way that makes
sense is really what sets.
Speaker 2: Us. APART joe i want to ask.
Speaker 1: You this most people have their investment advisor in one
in one place and their tax prepared. Somewhere else they
don't really necessarily, correlate collaborate so decisions get made during
the year that have. Tax consequences but Here. At betterwealth
now you guys have combined forces and you guys have
a fantastic deal going on.
Speaker 2: Right now if.
Speaker 1: You're an a credit and investor looking for, a smarter
maybe coordinator approach, to finances if they're part Of the,
vanderwill family then they can get tax preparation and filing
as a part of the of your service handled by
the IN house.
Speaker 2: Cpa team tell us a little bit more. About, THAT
yeah i.
Speaker 5: Mean it's a huge benefit, for clients not only a
vanderwillth to taking advantage that on the. Tax side and
what we found is that, you know with, all clients
JUST like i mentioned having, that collaboration, YOU know i
waited it and maybe you can help me. Out THEN
but i know you're a big, football GUY but i was,
thinking about, you know the, football equivalent and, you know
when you're, on defense if you're playing pressman, cover zero,
you know on the corner and bring the, safeties up
but your d line is not rushing, the passer you
might have some. Problems downfield and so THAT'S what i
kind of equated, it too is that you know you're making,
the plans you're getting ready to execute, on them but
you have to have that team. In place and so
PLANNING and i working together provide. That opportunity and, right
now like, you mentioned during, tax time we're working. With
individuals if they come in and meet, with us we've
been happy to take a look at their, tax return
either for twenty five or going forward and give them
the opportunity to incorporate that into their overall.
Speaker 2: Wealth Plan blaine john in on this.
Speaker 1: As well why is this an advantage to some of
our listeners if they were to align.
Speaker 2: With, vandorwealth.
Speaker 4: Well when there's coordination with the tax professional as well
as WITH, the cfp we look at things like, Roth
conversions we talk about the, investment management when to sell,
an investment when to buy. An investment one client, This
week i'm working ALONGSIDE, their cpa which we love, that
coordination but trying to move their income investments over to
their qualified plan so that we can reduce their taxable income,
this year especially as they start required minimum distributions And
so i'm talking to, the client we've done a, tax
analysis and then we email and LET their cpa know
that way we can coordinate some roth conversions, this year
and these are things that they want to do as
part of their state planning and with their children and
setting things up for the. Long term and it's just,
that coordination especially the advanced planning looking out the windshield and,
forward planning that makes a lot. Of difference and we're
done as much of that right Now, in april getting
ready for two four and getting ready for things down
a year later in, the year but coordinating WITH their
cpa and then of course we have OUR own cpa
and in, house team and so, that coordination that communication.
Is CRITICAL and I love. Joe's analogy, it's AWESOME but,
i mean really it's let's have your your, offensive coordinator your,
defensive coordinator your, head coach everybody on the, same page
working together and making sure that we get some w's
and and are winning on the field of finances. For clients, love.
Speaker 1: It guys we'll always appreciate our time to gather and
let's talk. About stats segment always wrought to You. By
batterwealth Batterwealth Dot com ajabons has been the topic of
the DAY and i can't wait to see where.
Speaker 2: AJ goes i think, HE'S going i think he's going number.
Speaker 1: ONE overall i think he's going TO the, nba Uh
and i'm hoping fingers cross that he ends up As
a utah.
Speaker 2: Jazz, player guys.
Speaker 1: Thanks so much for hopping on to discuss tax mort
wealth advisement and aligning with YOUR internal cpa team.
Speaker 2: As well thanks, So much Blaine. And joe.
Speaker 4: Thanks joining.
Speaker 2: The show, thank you, appreciate. You Guys great stuf