I just got drafted. What should I do with my signing bonus?

The 30-second answer

Slow down. Reserve taxes first (often 40%+ across federal, state and multi-state rules), park the rest somewhere safe and boring, and make no major purchases or family commitments for 90 days while you build a real plan with a fiduciary team.

Written by Pam Rodriguez, CFP®.

Build your next step

Explore more athlete money questions · See the Athlete Wealth System™ · Apply to work with us