Presidio Capital Management

10/11/2026

Net unrealized appreciation. If you've been at an aerospace or defense company for a long time and your 401(k) holds a lot of company stock, NUA is worth understanding before you retire. It's a tax strategy that lets you move company shares out of your 401(k) and potentially pay long-term capital gains rates instead of ordinary income rates on the growth. It's not right for everyone. But for people with a large block of appreciated employer stock, skipping this conversation could mean leaving real money on the table.

10/10/2026

Severance packages aren't all the same, and the details matter more than the headline number. Payout timing can affect the effective tax bracket for the entire year and how it interacts with Social Security timing is a factor many people don't consider until after signing. A few weeks of analysis before accepting can change the math significantly. The questions worth working through: How does the payout month affect annual income? Is there flexibility in the timing? How does this year's income affect Medicare premiums in two years? These are worth raising with a financial planner or CPA before the paperwork is signed.

09/11/2026

Severance packages aren't all the same, and the details matter more than the headline number. I've seen people in SoCal accept packages without realizing how the payout timing would affect their tax bracket that year, or how it would interact with their plan to start Social Security. A few weeks of planning before you sign can change the math significantly. If you've been offered a package and want a second set of eyes on the numbers, send me a message.

09/10/2026

A common situation for employees approaching retirement at large SoCal tech and semiconductor companies: the tax picture gets complicated fast. Between vested RSUs, ESPP shares with different cost bases, and 401(k) distributions, there are multiple moving parts that affect each other. Selling one batch of shares in December vs. January can shift your effective tax bracket for the entire year. That kind of timing matters more than most people realize and it's worth understanding before the decisions need to be made, not after.

07/11/2026

A lot of the layoff announcements hitting SoCal companies right now aren't random. They're tied to AI tools replacing specific functions. If you're 55 or 60 and your role is on that list, the financial questions come fast. Do I take the severance package? What happens to my health insurance? Should I roll over my 401(k) or leave it? These decisions interact with each other, and the wrong sequence can cost real money. If that's your situation right now, feel free to send me a message.

07/10/2026

If you've spent 20 years at a defense contractor in San Diego or OC, there's a good chance a big chunk of your net worth is sitting in company stock through an ESPP, a 401(k), or both. The concentration risk is real. Selling everything at once can create a significant tax liability in a single year. Holding it all carries its own set of risks. The middle ground usually depends on income, retirement timeline, and how the rest of the portfolio is built. No single answer fits everyone, but the question is worth thinking through before it becomes urgent.

06/11/2026

If you've spent 20 years at a defense contractor in San Diego or OC, there's a good chance a big chunk of your net worth is sitting in company stock. Maybe through your ESPP, maybe inside your 401(k). Either way, the concentration risk is real. Selling it all at once can create a tax headache. Holding it all carries its own risk. There's a middle ground, but it depends on your income, your retirement timeline, and how the rest of your portfolio is built. If you're sitting on a concentrated stock position and want to think through your options, I'm happy to talk it through.

03/24/2023

Congratulations to our very own Joe Stella for earning the Certified Exit Planning Advisor (CEPA) designation🙌

This designation is a part of Joe’s ongoing commitment to providing exceptional services to clients and business owners.

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/PRNewswire/ -- Presidio Capital Management is proud to announce that Joe Stella, CFP®, CEPA®, MBA has earned the Certified Exit Planning Advisor (CEPA)...

03/17/2023

What’s going on with Silicon Valley Bank?

Was it because of bad banking? Cronyism? Too much government intervention? Not enough intervention?

Listen to this week’s episode of The Presidio Perspective to learn what you need to know about the Silicon Valley Bank collapse and how it could affect you as an investor or business owner.
Dustin TenBroeck

🔗 https://youtu.be/_YC5C5fVCFE

01/25/2023

“This is the most important time to look different than the S&P 500 as the benchmark.”

Wise words from David Chenet, CFA in the new episode of The Presidio Perspective! Watch and listen now! Dustin TenBroeck

🔗 https://lnkd.in/gjV4fUBp