Links to articles we think are worth reading on August 20, 2025.

We take a look at how Social Security retirement benefits are taxed at the federal and state level. We also briefly discuss how OBBA has changed the landscape.

We examine concentration risk from the "Magnificent 7" tech stocks dominating markets, drawing historical parallels to past technological revolutions and emphasizing balanced portfolio allocation over chasing recent winners.

A light primer on the 83(b) election and the impact it can have if your employer stock goes up.

We disucss a little known corner of the tax code that allows for in kind exchanges or stock for shares in a new ETF. It allows investors to rediversify without triggering capital gains.

Interesting reads from this week in all things finance and markets.

Brief overview of RSUs, how they are awarded and taxes. We also discuss the issues that arise such as not having withheld enough for taxes and overconcentration in employer stock.

If you are exiting (selling) your business to an ESOP, you will want to qualify for the section 1042 gain deferral, here are the basics.

We go over the differences between AMT basis and regular tax basis created with an ISO exercise.

Quick high-level rundown of what we are paying attention to in markets.