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The Mind Money Spectrum Podcast

Author: Aaron Agte and Trishul Patel

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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.

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 Pennsylvania and in other jurisdictions where exempted.
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2020 has created a unique situation for engaged couples. Given social distancing concerns, many have decided to postpone their weddings. But if your relationship is ready, would you be better off getting married this year anyway? In this episode, Trishul and Aaron explore the intersection of tax planning and getting married. They discuss the impact of different tax brackets, the marriage incentive or marriage penalty, and community property versus separate property states. They then highlight estate planning concerns, which can also depend on where you live. Your relationship should still be the defining factor in whether to get married. But it is worth understanding some vital tax effects beforehand. With solid planning, you might even save enough to cover the cost of your honeymoon.Episode ReferencesMMS #32. These estate planning tips can save you big time.Why does the government incentivize marriage?Marriage Tax ChangesInvestopedia - What to consider before marryingInvestopedia - PrenupCommunity vs. Separate PropertyTenants In CommonMacKenzie Scott - World's richest womanTax BracketsPodcast DescriptionWelcome 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.
In this episode, Aaron and Trishul apply previous conversations about happiness and well-being to the upcoming holidays. Being conscious and aware of the things that provide happiness OR the things that create stress can help you focus on ways to increase the former and decrease the latter. They reminisce over holiday nostalgia. They discuss the impact of expectations and the need to get creative for the 2020 holiday season. Prioritizing time over money is a big theme in increasing happiness for both the gifter and the giftee. And because they just couldn't help themselves, they discuss Qualified Charitable Distributions and gifting appreciated stock to charities.Episode ReferencesMMS #32. These estate planning tips can save you big time.Investing Forever - Wills and Trusts: How are they different?WebMD - Holidays Stress TipsMayo Clinic - Stress ManagementAmericans Spend GenerouslyFinancial Stress and TraditionsHoliday Spending ReportQCD - Qualified Charitable DistributionGift Tax CalculationGifting StocksCamelCamelCamel - Amzon Price TrackerBlack FridayAdam SmithCARES ActPodcast DescriptionWelcome 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.
In this episode, Trishul and Aaron discuss end-of-year tax planning, principally as it relates to your investments. During this period, you already know most your entire financial situation for the year. But also you still have time to take meaningful action before December 31st. Valuable strategies around this time involve tax-loss harvesting, RMDs, exercising ISOs without going into AMT, and Roth conversions. End-of-year tax planning does not always mean you should lower your taxable income. But instead, you should target a tax bracket that will help reduce your overall tax burden over your entire lifetime.Episode ReferencesMMS #19. Life doesn't need to begin at retirement. Here's why.MMS #31. Watch out for these costly mistakes with your taxable investments.MMS #26. Practical advice on navigating a dysfunctional healthcare system.MMS # 43. Is your asset allocation putting your retirement at risk?Graystone Advisor - Exercising ISOsInvesting Forever - It's all about fees.Investing Forever - Don't miss out, you'll regret it.Investing Forever - Ira is your friend.Rebalancing: A sound strategy for limiting riskOffsetting Gains through tax-loss harvestingCapital Gains Taxes and Portfolio RebalancingWash Sale RuleSECURE ActCARES ActPodcast DescriptionWelcome 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.
In this episode, Aaron and Trishul discuss the incentives that influence politicians. Naturally, this means addressing campaign finance reform. If a politician's primary goal is to get re-elected, he or she may focus on fundraising and nudge-nudge-wink-wink quid pro quos with large donors rather than working to improve constituent well-being. Aaron and Trishul look at the history of campaign finance laws, including Citizens United. And so they try to find the balance between free speech and allowing PACs to spend unlimited amounts of money. They then discuss a few ideas for improvement, including Voting With Dollars, anonymizing donations, and the CFR28 Logic Puzzle.Episode ReferencesMMS #45. Politicians don't want you to know this about our dysfunctional voting system.CFR28 Logic Puzzle ExplainedStock Trading by US SenatorsLobbying and Campaign FinanceAfter Citizens United: How Outside Spending Shapes American DemocracyCampaign Finance Reform: History and TimelineCitizens United ExplainedHillary: The MovieLobbyists: BackgroundCampaign Finance Reform in the USUnited States of ALECUS Senator Trading SentimentInsider Trading is business as usual for our politiciansPodcast DescriptionWelcome 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.
With the election coming up, many people wonder if they should temporarily modify their investment strategy until the results are known. The short answer is no. Trishul and Aaron discuss the emotions that arise from uncertainty. They also go through a decision tree to help clients understand why it makes sense to maintain the same asset allocation they have been using all along. On the other hand, there may be some tax and estate planning opportunities that can develop depending on the outcome of the election. But no need to worry just yet; all this can wait until after November 3rd.Episode ReferencesMMS - #2. Buying stocks can be fun, but don't fall into these common traps.MMS - #41. What does academia have to say about what really works when investing in stocks?MMS - #42. Investment strategies evolve, but is your portfolio stuck in a foregone era?MMS - #32. These estate planning tips can save you big time.Investing Forever - Why invest in one thing over another?Investing Forever - Efficient Market HypothesisInvesting Forever - Passive is the new aggressiveInvesting Forever - Wills and Trusts: How Are They Different?S&P 6 months ahead of an electionStock market before and after electionsFinancial Planning for a Biden Tax PlanTax Plan Proposals70% of Trump's Tax Laws benefit the wealthiest 1%Remain Solvent (Quote)Warren Buffett - Be Fearful When Others Are GreedyPodcast DescriptionWelcome 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 lives in California, and Trishul lives in Pennsylvania, and it feels like Trishul's vote for the President is worth more than Aaron's. In this episode, they discuss the American voting system and how it influences and incentivizes certain behaviors over others. They consider alternative voting structures used around the world and examine past elections to understand how they may have played out with a different system in place. The purpose of a voting system is to provide the most accurate representation of what the electorate wants. But is it even possible to implement something better given all the conflicts of interest involved?Episode ReferencesElectoral SystemsNY Times - Poorer Americans have lower voting ratesUSPS files patent for blockchain based votingIntelligence bulletin warns Russia amplifying false claims mail-in voting will lead to widespread fraudIs the USA a Republic or a Democracy?US Electoral CollegeSwing StateFaithless ElectorFirst past the post votingProportional RepresentationRanked VotingPodcast DescriptionWelcome 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.
In this episode, Aaron and Trishul discuss concentration risk and when it might be acceptable to take it on. If you have the willingness, ability, and need, increasing your concentration risk may be a way to pursue wealth maximization over the greater probability of achieving a specific goal. But do understand that behavior and emotion can come into play when deciding whether to diversify. Even if you hold a globally diversified portfolio of stocks and bonds, or if you are sitting in cash, you might already have excessive concentration through your place of employment. So, in the end, consider employing a robust decision-making process to help you determine the appropriate level of risk that makes the most sense for your situation.Episode ReferencesMMS - #2. Buying stocks can be fun, but don't fall into these common traps.MMS - #41. What does academia have to say about what really works when investing in stocks?MMS - #42. Investment strategies evolve, but is your portfolio stuck in a foregone era?MMS - #43. Is your asset allocation putting your retirement at risk?Graystone Advisor - RSUsGraystone Advisor - Netflix employee stock optionsGraystone Advisor - Appropriate asset allocation for different goalsInvesting Forever - Why invest in one thing over another?Investing Forever - Efficient Market HypothesisInvesting Forever - Risk, EverywhereInvesting Forever - Why buy-and-hold can save you bigInvesting Forever - Passive is the new aggressiveSteve Jobs - Most of His Wealth Actually Came From Disney, Not AppleCallan Periodic Table of Investment ReturnsHow is the Value of the S&P 500 calculated?Podcast DescriptionWelcome 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.
In this episode, Trishul and Aaron discuss the risks and rewards of potential investments across various asset allocation decisions. They cover cash, bonds, stocks, options, and other even more exotic instruments. What are the two variables that determine the risk-return profile of a bond? And where do small-cap and international stocks fit into the big picture? And what about the idiosyncratic risk of a single stock versus a diversified basket? If you understand these various risks and rewards, how do you then figure out what is appropriate for your specific situation?Episode ReferencesMMS - #2. Buying stocks can be fun, but don't fall into these common traps.MMS - #41. What does academia have to say about what really works when investing in stocks?MMS - #42. Investment strategies evolve, but is your portfolio stuck in a foregone era?MMS - #13. Is Real Estate just a real pain?Graystone Advisor - I sat in cash while the market was up 42%Graystone Advisor - Buying Stocks For FunGraystone Advisor - Netflix Employee Supplemental Stock OptionsInvesting Forever - Why invest in one thing over another?Investing Forever - Efficient Market HypothesisInvesting Forever - Risk, EverywhereInvesting Forever - Why buy-and-hold can save you bigCFA - Setting the record straight on asset allocationInvestopedia - Tax Treatment for Call & Put OptionsUS 10 Year TreasuriesMax My InterestConsumer Price IndexWhat SIPC ProtectsFDICWhy Money Market Funds Break The BuckDifference Between Preferred Stock and Common StockAnnual Asset Class ReturnsThe Case Against Investing In CommoditiesZero-Sum GamePodcast 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.
In this episode, Trishul and Aaron discuss how investing has evolved over the years. From the notion of partial ownership as an investment to the first stocks, stock exchanges, and stockbrokers to the mutual funds and ETFs of today. They consider how incentives influence behavior and how, in the past, fee structures may have influenced investment professionals to the detriment of the investor. Diversification and asset allocation are paramount when investing, so how do mutual fund and ETF securities help with all this? When looking at managed and pooled investments, what components are vital, and which aspects are just fancy marketing techniques at play?Episode ReferencesMMS - #2. Buying stocks can be fun, but don't fall into these common traps.MMS - #41. What does academia have to say about what really works when investing in stocks?Investing Forever - The world is full of bad driversInvesting Forever - Luck versus SkillInvesting Forever - Passive is the new aggressiveInvesting Forever - Why invest in one thing over another?Investing Forever - Farewell, JackInvesting Forever - Efficient Market HypothesisWarren Buffett Says That 99% Of Investors Should Not Even Try To Beat The MarketRenaissance TechnologiesThe World's Biggest Companies in HistoryCode of HammurabiSurvivorship BiasStockbrokerA Brief History of Investment CompaniesA History of InvestingWellington FundInvestment Company Act (1940)Alfred Winslow JonesNotable Hedge Fund ManagersWarren Buffett, Investment CareerRuane, Cunniff & GoldfarbBausch HealthThe Wyatt Earp EffectThe History of Mutual FundsMutual Fund HistoryPodcast 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.
In this episode, Trishul and Aaron discuss the academic research that has informed investing strategies over the past 90 years. Value & Momentum, Modern Portfolio Theory, Efficient Market Hypothesis, Factor Analysis, Asset Allocation, and more. They cover everything you need to know to sound intelligent with your investment club. But the big picture is that all this knowledge won't increase your odds of beating the market. Even though many of these breakthroughs resulted in Nobel Prizes, as more investors flooded to adopt cutting-edge strategies, superlative returns became ever more elusive. It turns out some of these winning approaches do work some of the time, as theory would suggest. However, none of them work with sufficient consistency. Furthermore, it's likely impossible to identify the periods when a strategy will work as intended. In the end, you may be better off finding something better to do with your time and money than trying to outsmart the market.Episode ReferencesMMS #2. Buying stocks can be fun, but don't fall into these common traps.MMS #21. Why the VIX is useless.Investing Forever - Why investing in one thing over another?Investing Forever - Efficient Market HypothesisModern Portfolio TheoryIdiosyncratic RiskBenjamin GrahamCapital Asset Pricing ModelFama French Three-Factor ModelSetting the Record Straight on Asset AllocationMomentum InvestingModern Portfolio Theory vs Behavioral FinanceWarGames (1983)ObsoletedRemain Solvent (Quote)Value and Momentum EverywhereFlash Boys by LewisPodcast 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.
In this episode, Trishul and Aaron get wonky as they try to explain Modern Monetary Theory. They introduce the difference between monetary policy and fiscal policy. And they try to explain how fiat currency, currency issuers, national debt, federal deficits, and debt service are all related. They discuss Stephanie Kelton's new book, The Deficit Myth, and some of the concerns of MMT. If deficits are not inherently good or bad, do you trust Congress to spend your hard-earned money wisely?Episode ReferencesMMS #27. Can a Universal Basic Income really pay for itself?Investing Forever - One Lifetime of WealthAt War with the TruthU.S. Spending War on Terror Stands at 6 TrillionDo 70% of the Benefits of the Trump Tax Law Go to the Top 1%?Book Review of The Deficit MythReview of Stephanie Kelton's Deficit MythU.S. Debt ClockU.S. Deficit by Year7 Charts Showing that the Trumps Tax Cuts Are Not Economic Rocket FuelSocial Programs Can Sometimes Turn a Profit for TaxpayersThe Deficit Myth - by Stephanie KeltonGovernment Deficits vs. Private SectorStephanie Kelton - Twitter PagePodcast 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.
When everything shut down in March due to the COVID-19 pandemic, most people were able to hunker down to get through an acutely stressful period. But as this pandemic became an ongoing, chronic concern, we now understand that new coping mechanisms are essential. To move forward, it may even help to reflect on the five stages of grief; denial, anger, bargaining, depression, and acceptance. In this episode, Trishul and Aaron discuss how their feelings have changed over the last few months and some of the ways they are trying to keep at it one day at a time.Episode ReferencesMMS #37. How to get rich and never pay a dollar in taxes.Investing Forever - Coronavirus: What Do We Know Now?FlowFP - Thriving in the time of COVIDOlder Adults with Existing Depression Show Resilience During the PandemicAmericans Are Stressed Out According to Gallup PollWhy the Coronavirus Is Leading So Many Couples to DivorceList of Ongoing Armed ConflictsThe 5 Stages of Loss and GriefCoronavirus and the Pandemic: Social Distancing for 18 MonthsExercise as a Depression TreatmentPodcast 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.
In this episode, Trishul and Aaron discuss more ways the U.S. tax system helps the wealthy. Qualified Small Business Stock, self-directed IRAs, and Grantor Retained Annuity Trusts are all legal means by which rich people can side-step millions or potentially billions in taxes. But these are not just random loopholes. Now, corporations can legally spend unlimited sums of money lobbying politicians to write laws that favor, you guessed it, the wealthy. That's why it makes fiscal sense for a corporation to spend a billion dollars lobbying to save ten billion in taxes. In the end, if we think income inequality is a big deal, the first step to change is to understand how easy it is for the wealthy to avoid paying their fair share.Episode ReferencesMMS #37. How to get rich and never pay a dollar in taxes.MMS #27. Can a UBI really pay for itself?MMS #32. These estate planning tips can save you big time.The Veil of IgnoranceThe Biggest Companies Pay the Least in TaxFacebook and the IRS Prepare for a 9 Billion U.S. Tax Court FightThe 100 Million Dollar Mitt Romney IRAHow the Super-Rich Ducked 100 Billion in Estate Taxes since 2000How Walmart's Waltons Are Using Charitable TrustsThe Walton GRATCRAT, CRUT, CLUT, GRIT, GRAT, and GRUTU.S. Deficit by YearCitizens United ExplainedWho Pays More Taxes: Rich or Poor?Who Are the One Percent in the U.S.?Richard Wolff on Economic InequalityQualified Small Business Stock (QSBS)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.
In this episode, Aaron and Trishul discuss all the different types of taxes in the United States and their impact on income inequality. They discuss regressive consumption taxes, progressive income taxes, and how taxes are lower for businesses and the wealthy. They also examine the difference between marginal tax rates and effective tax rates. Do you know all the ways that corporations and their owners avoid paying taxes? Maybe our society has collectively decided that this is acceptable? Or perhaps its the maximum marginal brackets on corporations and individuals that affect public perception, when it is, in fact, our tax system that hinders income earners while helping the wealthy.Episode ReferencesMMS #14. These key innovations will change everything.MMS #27. Can a UBI really pay for itself?Federal Income Tax CalculatorPiketty’s Inequality Story in Six ChartsSin Taxes Punish the PoorSin Tax Examples2019 Tax BracketsCapital Gains Tax RatesA 95 Year History of the Maximum Capital Gains Tax RateHow to Borrow for FreeZuckerberg's 1% MortgageAccounting TricksApple Wins EU Court Battle Over Unpaid Irish Tax BillWhat Is a Tax Haven?What is a Wealth Tax?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.
In this episode, Aaron and Trishul discuss the value of a financial advisor and the impact that financial planning can have on the lives of clients. A disciplined investment strategy and increased savings over time can lead to a higher net worth for clients than if left to their own devices. Also, advisors help clients find small but meaningful opportunities while avoiding seemingly small mistakes that can compound over decades. Beyond the dollars, clients consistently express that the trust and peace of mind from knowing someone is taking care of all the little things reduces their stress and improves their overall well-being.Episode ReferencesGraystone Advisor - What should I look for in a Financial Advisor?MMS #15. George Kinder: Three life questions that will change everything.Advisor Network Files Lawsuit Against the SECInvesting Forever - Where should you turn to for advice?Investing Forever - Fiduciary OathInvesting Forever - 1.5% is a rounding error, right?Investing Forever - Beware: This Strategy Could Cause You To Lose Your Shirt.Investing Forever - Passive Is the New AggressiveInvesting Forever - Follow the MoneyInvesting Forever - How can I help you?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.
In this episode, Trishul and Aaron discuss how they are doing as parents during COVID-19. They share recent experiences dealing with their kids of different ages. And they describe how they are struggling to make decisions about how to move forward. Between work and school, parents find themselves stuck between a rock and a hard place. And it's not going to get any better any time soon. They spoke with other parents and teachers, and they concede that no option feels ideal. Given how difficult everyone's lives are now, they have learned not to hold it against any parent. Anything goes during these tough times. And the best we can do is to take it one day at a time.Episode ReferencesIn the Covid-19 Economy, You Can Have a Kid or a Job. You Can’t Have Both.Investing Forever - Coronavirus: What Do We Know Now?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.
#34. How do RSUs work?

#34. How do RSUs work?

2020-08-0450:22

In this episode, Aaron and Trishul discuss Restricted Stock Units. In addition to stock options, RSUs are the other common form of equity compensation. They explain how Restricted Stock Units can work like a bonus paid by stock instead of cash. They go in-depth on vesting schedules and the difference between publicly traded companies and private (pre-IPO) companies. They then compare RSUs to options to help you understand the risks and taxes associated with each. So if your salary is providing for your lifestyle, how can you use this "extra" money to improve your well-being?Episode ReferencesGraystone Advisor - How do RSUs work?Graystone Advisor - When do I Exercise my Incentive Stock Options?MMS #33. If you have Incentive Stock Options, you need to listen to this episode.MMS #2. Buying stocks can be fun, but don't fall into these common traps.Stock Options 101: ISO vs. NQSO vs. Restricted Stock UnitsHome Country BiasInvesting Forever - Passive Is the New AggressiveIRS Code Section 409APodcast 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.
In this episode, Aaron and Trishul discuss the factors employees must consider when exercising their stock options. They go into strike price, Fair Market Value at exercise, sales price, and tax implications. They explain the difference between Non-Qualified Stock Options and Incentive Stock Options. They also introduce leverage, the Alternative Minimum Tax, and Golden Handcuffs. In the end, the decision of when to exercise options often lies on a spectrum between a sensible investment decision and a sensible tax decision, with most people falling in the gray area in the middle.Episode ReferencesGraystone Advisor - When do I Exercise my Incentive Stock Options?MMS #21. Why the VIX is useless.Stock Options 101: ISO vs. NQSO vs. Restricted Stock UnitsQualified Small Business Stocks Are More AttractiveIRS Code Section 409AAlways File Your 83bPodcast 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.
In this episode, Trishul and Aaron try to introduce all the nuance and complexity behind estate planning. They explain how the step-up in basis on taxable accounts can be better for heirs than inheriting a Traditional IRA. They then discuss wills and trusts, both revocable and irrevocable. Then there are community property states vs. separate property states. Don't forget the estate tax exemption, the annual gift tax exemption, and the lifetime gift tax exemption. Yikes! There are so many little caveats that there is no universal estate planning recommendation, other than that you need to plan ahead because it'll be too late after you pass away.Episode ReferencesInvesting Forever - Wills and Trusts: How Are They Different?Investing Forever - Making Sense of Estate Planning TerminologyInvesting Forever - What's so Great About a Revocable Living TrustInvesting Forever - I Have a Trust, Now What?Investing Forever - Estate Planning: Get Started TodayIRA Announces Higher Estate and Gift Tax Limits for 2020Internal Revenue Code, 1014. Basis Of Property Acquired From A DecedentUnderstanding Stepped-Up BasisDeathbed Tax: Take these Steps Now to Save LaterThree Year RuleIRA Announces 2015 Estate and Gift Tax LimitsIRA Rules on Gifts (FAQ)Guide to Beating the New Death Tax - The End of the Stretch IRAPodcast 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.
In this episode, Aaron and Trishul discuss how taxes work in non-qualified investment accounts. Without account-level IRS rules or benefits, it's the actual investments inside of these accounts that drive the tax implications. Savings accounts and bonds generate taxes on interest. Stocks may have dividends and capital gain taxes, which depend on your income and holding period. And mutual funds can create a tax burden even if you don't sell any shares. Given all this, how do you think about which investments to pick and what type of account to use? They compare different strategies, expand on the benefits of buy and hold, and discuss asset allocation versus asset location. By understanding after-tax total return, you can find the gray area on the spectrum between investments and taxes that makes the most sense for your situation.Episode ReferencesMMS #2. Buying stocks can be fun, but don't fall into these common traps.Investing Forever - Taxes: What Does This All Mean?Investing Forever - Tax Man Saves the DayInvesting Forever - Why Buy-And-Hold Can Save You BIG.Investing Forever - Small Difference, Big DealInvesting Forever - Ira is Your FriendInvesting Forever - Careful. There’s more to think about than just your IRA.Investing Forever - You Can’t Spend the Same Dollar TwiceInvesting Forever - Passive Is the New AggressiveInvesting Forever - Why Invest in One Thing Over Another?Investing Forever - Don't Leave Money on the TableCapital Gains Tax Rates in 2020Dividend Tax RateDividends versus Buybacks, Which Is Better?Ask the Tax Girk: Interest Less Than $10Podcast 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.
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