Featured post:
The Estimated Tax Penalty is at a 16-Year High
The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned. This can… Read Now >>
Are You Relocating Your Business Out of California?
June 2, 2021
There has been a lot of talk lately about the “mass exodus” of residents and businesses leaving California. Some news would have you believe that everyone is running from our state’s high income, sales and property taxes and fleeing to… Read Now >>
How to Use Crypto for Your Business
May 26, 2021
We’ve been talking about how to incorporate cryptocurrency in your personal investment strategy, but we haven’t really addressed how to utilize crypto and blockchain technology in your business. Businesses big and small have been incorporating digital currencies like Bitcoin, and… Read Now >>
What is Blockchain and How is it Different from Bitcoin?
May 19, 2021
I’ve been diving deep into some cryptocurrency investment topics on the Illumination Wealth Blog this month. Today, I would like to go back and cover one of the most basic questions people have about crypto. Those who are less initiated… Read Now >>
How Much Crypto Should Be in Your Portfolio?
May 12, 2021
Continuing our Illumination Wealth Blog series on cryptocurrency, we want to look at crypto as a legitimate investment opportunity. It has turned into something similar to the stock market with so many new cryptocurrencies and trading platforms available, as well… Read Now >>
Cryptocurrency Explained
May 5, 2021
There is a lot of talk lately about cryptocurrency (or just “crypto”). It’s for good reason. Serious investors have taken notice and many see it as the currency of the future. So, what exactly is it and how should you… Read Now >>
What Exactly is an NFT?
April 28, 2021
This is a term we hear more and more each day in the financial world. “Nonfungible tokens” (more commonly known as NFTs) are all the rage among high-end collectors. An NFT is a new form of investment tied in directly… Read Now >>
Which Investments Should You Consider in Times of Inflation and Stagflation?
April 21, 2021
Inflation rates are clearly on the rise during our economic recovery from the pandemic, and many experts fear that a stagflated market could also be on the horizon. As an investor, you must do what you can to prepare for… Read Now >>
What is Stagflation and What Does it Mean for Business Owners?
April 14, 2021
After a tough 2020 for so many industries, it’s nice to see the economy slowly recover in 2021. We’re a long way from where we were in 2019, though, and this recovery faces some major challenges ahead. One issue some… Read Now >>
How Inflation Affects Your Financial Independence
April 8, 2021
As you build your retirement plan and save for a financially independent future, there are so many different things to consider. You have to strategize how to invest and manage your wealth based on a variety of factors. One major… Read Now >>
Transferring Your Business Ownership to an Intentionally Defective Grantor Trust (IDGT)
March 24, 2021
Some business owners will want to explore the option of creating an Intentionally Defective Grantor Trust (IDGT). When the situation is right, it can be a smart way to limit tax liability when transferring wealth and business assets to heirs.… Read Now >>
