The Mind Money Spectrum Podcast
Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration.
Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Florida and in other jurisdictions where exempted.
The Mind Money Spectrum Podcast
#69. Uncover the unknown unknowns of cost basis to unlock real savings.
This ain't your ordinary cost basis.
In this episode, Aaron and Trishul continue discussing cost basis. Aaron explains the math behind RSU and NQSO basis and why an ISO can have two different cost basis values. Trishul examines optimal gifting strategies. They also investigate how depreciation and upgrades can affect your home's cost basis, and how the step-up in basis on death works in community property versus separate property states. As Aaron tries to remember the nuances behind discounted ESPPs, they both realize the central point of the conversation: to turn unknown unknowns into known unknowns so that you are aware of when to be more careful.
Episode References
MMS #32. These estate planning tips can save you big time.
MMS #33. ISOs
MMS #34. RSUs
Graystone Advisor: RSUs
Graystone Advisor: Exercising ISOs
Cost basis facts for stock plans
How to avoid getting double-taxed on ESPP
Taxation of Employee Stock Options
Taxation of ISOs, NQSOs, and Restricted Stock
Gifting and Cost Basis
Depreciation Recapture
Step Up in Basis
Employee Stock Purchase Plans
Podcast Description
Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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