Latest article
Estate PlanningInherited IRA Rules for a Spouse and How Each Option Is Taxed
How a surviving spouse's three IRA options affect required withdrawals, the early withdrawal penalty, and the ability to change course later.
14 min read
Nyle Bayer, AIF®, ARPC
Chief Executive Officer
Nyle Bayer believes money is a tool for building a life of purpose, and that the real job of a wealth manager is to help you use it that way. As Chief Executive Officer of Up Capital Management, he leads the second generation of a family firm, carrying forward the fee-only fiduciary standard the practice was built on, which means the advice you get at Up answers to you and no one else.
Nyle started his career at Up as an investment advisor, then spent more than a decade in executive leadership roles across wealth management, asset management and wealthtech. Seeing the industry from every side gave him a clear view of what clients actually need, a real plan, a real relationship, and a firm built to serve them for decades.
He holds the Accredited Investment Fiduciary (AIF®) and Accredited Retirement Plan Consultant (ARPC) designations. Nyle lives in the Sierra foothills with his wife and three kids. In his spare time you can find him on the baseball field or on the hiking trails.
Writing by Nyle
Articles by Nyle
Recent writing
All published articles by Nyle Bayer, newest first.
Taxes on Selling a Business in California and What to Decide Before You Sign the Letter of Intent
A California business owner's guide to the federal and state taxes on a sale, and the structure, allocation, and timing decisions worth modeling before the Letter of Intent.
14 min read
What Sacramento Region Retirees Actually Pay in California Retirement Taxes
A plain-language guide to what Sacramento region retirees pay in California income, property, and sales tax, and the decisions that change the bill.
11 min read
Capital Gains Tax on a California Home Sale and What You May Keep After Selling
An answer-first guide to capital gains tax on a California home sale that separates cash proceeds from taxable gain and covers Section 121, basis, withholding, and Proposition 19 for Bay Area sellers moving to Placer County.
11 min read
Inherited IRA Planning Guide for Navigating SECURE Act 2.0 Rules, RMDs, and Tax Strategies
What happens when you inherit an IRA, how the SECURE Act 2.0 10-year rule and RMDs work, and how step-up in basis applies to inherited homes and accounts, including California's community property rules.
14 min read
A California Pre-Retiree's Guide to Roth IRA vs. Traditional IRA
A plain-language comparison of traditional and Roth IRAs for California pre-retirees, covering deductions, income limits, the backdoor Roth, RMDs, and state tax treatment.
11 min read
Estate Planning Tax Strategies in California and What Matters When You Will Never Owe Estate Tax
A plain-English guide for California families with $1 million to $8 million in assets on the estate planning issues that actually apply to them in 2026, none of which involve the federal estate tax.
12 min read
A Guide to Equity Compensation Planning for ISOs, RSUs, and Concentrated Stock
ISOs, RSUs, and concentrated stock each carry different tax rules and risks. This guide covers exercise timing, AMT planning, RSU vesting strategies, 10b5-1 plans, and diversification approaches with current 2026 figures.
11 min read
When, How Much, and Why Timing Is Everything in a Roth Conversion Strategy for Pre-Retirees
A pre-retiree's guide to Roth conversion strategy: timing, tax bracket management, the five-year rule, sequencing, and California tax rules.
11 min read
How Are Long-Term Capital Gains Taxed in California? Federal and State Rules
California generally taxes long-term capital gains as ordinary income, while federal rules may apply a different rate. See how the two systems interact before a sale.
10 min read
A Retirement Income Planning Guide to Withdrawal Order
A taxable, traditional, then Roth retirement withdrawal order is a starting point. See when Social Security, pensions, Roth conversions, RMDs, or concentrated stock change the sequence.
10 min read
How to Diversify a Concentrated Stock Position
A practical, general guide to diversifying a concentrated stock position through a phased, tax-aware process that reflects your goals, timeline, and risk tolerance.
7 min read
Built to Endure, a Long-Term Investing Guide to Market Concentration, Patience, and Companies That Last
Why a handful of companies create most of the stock market's wealth, why that concentration is normal and cyclical, and how long-term investors own durable companies broadly and hold through 50 percent drawdowns.
7 min read
A Historical Look at Returning Volatility and What It Means Now
“The VIX gets clicks.” It’s an old saying in the financial media world, dating back to when publications first started selling display ads online. The VIX–better known as the “fear index”-- is what most investors watch t
5 min read
Interest Rates, S&P500 Pullback, and Presidential Campaign Impacts
There are three primary topics of conversation occurring in the broader market right now: interest rate direction, last week’s pullback in the S&P500, and the presidential campaigns. Let’s take a look at them one by one,
5 min read
A Look Back At 2023 And Forward To 2024
It’s officially the part of the new year where you are no longer allowed to tell people “Happy New Year!” but we’ve barely eclipsed the first half of January. The paint is still drying on 2023 but that’s old news. In the
6 min read